Is the housing market back? A surge in mortgage interest rates last year ground the real estate market to an abrupt halt, as scores of would-be buyers could no longer afford to purchase homes. But last month, as mortgage rates dipped and home prices fell from their peaks, home shoppers dipped their toes back in. Real estate agents across […]
Enhancing the energy efficiency of your home has two big advantages: It’ll make your place more eco-friendly and help you save money. A home with reduced energy usage will naturally have lower bills. Plus, the Inflation Reduction Act offers credits and additional incentives to homeowners eager to go green and able to make energy-saving advancements to their […]
With home prices high and mortgage rates more than double that of last year, fewer Americans are buying homes these days. Instead, they’re choosing to stay put – repairing, renovating and improving the properties they already have to better fit their lifestyle and needs. In fact, according to data from home services platform Thumbtack, 9 out of 10 current […]
The housing market moved further in the direction of buyers last month as the markets that cooled the fastest in response to quickly rising interest rates and home prices continued to moderate, according to the Knock Buyer-Seller Market Index released today. At the same time, many strongholds show no sign of slowing down and some are expected […]
Since the start of 2020, the average home price is up 40 percent. But the average rent isn’t. Nobody knows exactly how much rents have increased, but probably less than half as much. Sure, we see reports of tenants facing huge rent increases, but extreme examples aren’t a good guide for investors. Instead, let’s look […]
As the U.S. housing market says goodbye to low mortgage rates—and home sales slump as a result— here’s the big question: Is it now time to invest in residential real estate? “For investors like us (it) is an opportunity, actually, to scoop up some new inventory and master plan communities at, I think, prices that […]
The US housing market is in the midst of a major shift. After two years of stratospheric price appreciation, home prices have peaked and are on their way back down. But what homebuyers and homeowners alike want to know is: How much lower will prices go? The short answer: Prices are likely to drop further, […]
Dollar-cost averaging is advice we’ve all been given. But, during a crash, or even a dip, it can be enticing to throw all your savings into an investment with hopes that it’ll quickly skyrocket back up. Is this a smart move, or would this ruin the “consistent investing” advice altogether? To help clear things up, we’ve brought on Nick Maggiulli, […]
Seattle and Las Vegas are declining fast, along with many other west coast markets. According to the latest data from Redfin, the housing market is slowing down in several major U.S. metros. The report included the top 20 U.S. hotspots and ranked them according to the number of home sales, home prices, supply and demand ratio, […]
The trickle-down effect of rising borrowing costs will put further pressure on affordability – until housing prices fall significantly Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% from the beginning of this year, but […]
The housing market landscape is vastly different than it was several months ago as potential home buyers and sellers continue to hesitate amid affordability challenges and mortgage rate swings exacerbating the housing cost roller coaster for buyers. Home values slipped for the second consecutive month as mortgage costs continue to sideline buyers, according to Zillow’s latest […]
The slowdown in the otherwise red-hot housing boom has been stunningly swift. The U.S. housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates. Now, real estate agents who once reported lines of buyers outside open houses and bidding wars on the back deck say homes […]
In June the average rate on the 30-year fixed shot over 6% briefly, and that was enough to turn the once-hot housing market on its heels. Rates pulled back in July and August, but the damage was already done. Now rates are heading past 6% yet again, causing already beleaguered mortgage demand to fall even […]
Real estate and mortgage professionals must know a lot about what affects the real estate market — both locally and nationally. The stark reality is that true professionals in this space never stop learning. They also use historical information to guide their understanding of current and future marketing conditions and hence, the application of sound strategies. Here […]
Lakefront homes may offer home buyers a chance to buy a waterfront property at a more affordable price than a vacation home on the ocean. Some of the least expensive lake towns may not be as well-known, but they offer house hunters a chance to live on the water and still enjoy the activities and views […]
As the housing market shifts, demand for lowest-priced homes is strongest, according to an analysis from Zillow, released on Tuesday. Throughout most of the pandemic, homebuyers shopping in the middle and top-price tiers faced the most competition as inventory was more limited than the lower priced tier. However, as home prices have continued to increase and mortgage rates have risen, resulting in […]
Why construction on single-family houses is on hold Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. Housing completion data is still struggling to get some traction, but in the coming months, builders should be able to get more housing completions done while housing permits and starts for […]
Burned by a hot housing market, some frustrated home buyers may have hoped that sky-high listing prices are finally coming down to earth. Well, they are – sort of. It just depends on where you live. To better understand the housing affordability situation, Fortune magazine reached out to Moody’s Analytics to get access to its latest proprietary […]
Changes in demand caused by the pandemic were, of course, a big part of the house price boom but two years of falling mortgage rates was the main reason house prices skyrocketed in 2020 and 2021. Rates fell from 4.9% in November 2018 to 2.7% in January 2021, the lowest rate ever on 30-year fixed-rate […]
As any real estate agent knows, leads are the lifeblood to success. This is why it is no secret that a high percentage of most agents’ time is dedicated to uncovering possible leads via as many conduits as possible. That being said, all leads are not created equal. Some leads roll in thanks to expensive […]
Buying a home is an important – and exciting – decision. After all, having a place to call your own, to raise your family in, to do as you wish with no landlord to answer to are all motivating factors in starting the process. But, in addition to these emotional reasons, buying a home can […]
An important piece of the real estate puzzle hinges on building a strong team. This is why in addition to our network of agents, lenders, attorneys, and brokers, we are always on the lookout for great contractors to partner with. Below is some more insight on what we are looking for along with a number […]
If you are a real estate investor looking to purchase wholesale properties or partner on joint venture projects, look no further. Our team has the experience, know-how, and infrastructure to offer you opportunities in your real estate investment endeavors. No matter if you are looking for a rehab project to work on or you are […]
Homeowners find themselves in the position of having to sell their home fast for any number of reasons. For example, there are times when family obligations require you to move out of state with little warning. Maybe a job relocation takes you to a new area. Or a personal situation has arisen, putting homeowners on […]
Is the housing market back? A surge in mortgage interest rates last year ground the real estate market to an abrupt halt, as scores of would-be buyers could no longer afford to purchase homes. But last month, as mortgage rates dipped and home prices fell from their peaks, home shoppers dipped their toes back in. Real estate agents across […]
Enhancing the energy efficiency of your home has two big advantages: It’ll make your place more eco-friendly and help you save money. A home with reduced energy usage will naturally have lower bills. Plus, the Inflation Reduction Act offers credits and additional incentives to homeowners eager to go green and able to make energy-saving advancements to their […]
With home prices high and mortgage rates more than double that of last year, fewer Americans are buying homes these days. Instead, they’re choosing to stay put – repairing, renovating and improving the properties they already have to better fit their lifestyle and needs. In fact, according to data from home services platform Thumbtack, 9 out of 10 current […]
The housing market moved further in the direction of buyers last month as the markets that cooled the fastest in response to quickly rising interest rates and home prices continued to moderate, according to the Knock Buyer-Seller Market Index released today. At the same time, many strongholds show no sign of slowing down and some are expected […]
Since the start of 2020, the average home price is up 40 percent. But the average rent isn’t. Nobody knows exactly how much rents have increased, but probably less than half as much. Sure, we see reports of tenants facing huge rent increases, but extreme examples aren’t a good guide for investors. Instead, let’s look […]
As the U.S. housing market says goodbye to low mortgage rates—and home sales slump as a result— here’s the big question: Is it now time to invest in residential real estate? “For investors like us (it) is an opportunity, actually, to scoop up some new inventory and master plan communities at, I think, prices that […]
The US housing market is in the midst of a major shift. After two years of stratospheric price appreciation, home prices have peaked and are on their way back down. But what homebuyers and homeowners alike want to know is: How much lower will prices go? The short answer: Prices are likely to drop further, […]
Dollar-cost averaging is advice we’ve all been given. But, during a crash, or even a dip, it can be enticing to throw all your savings into an investment with hopes that it’ll quickly skyrocket back up. Is this a smart move, or would this ruin the “consistent investing” advice altogether? To help clear things up, we’ve brought on Nick Maggiulli, […]
Seattle and Las Vegas are declining fast, along with many other west coast markets. According to the latest data from Redfin, the housing market is slowing down in several major U.S. metros. The report included the top 20 U.S. hotspots and ranked them according to the number of home sales, home prices, supply and demand ratio, […]
The trickle-down effect of rising borrowing costs will put further pressure on affordability – until housing prices fall significantly Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% from the beginning of this year, but […]
The housing market landscape is vastly different than it was several months ago as potential home buyers and sellers continue to hesitate amid affordability challenges and mortgage rate swings exacerbating the housing cost roller coaster for buyers. Home values slipped for the second consecutive month as mortgage costs continue to sideline buyers, according to Zillow’s latest […]
The slowdown in the otherwise red-hot housing boom has been stunningly swift. The U.S. housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates. Now, real estate agents who once reported lines of buyers outside open houses and bidding wars on the back deck say homes […]
In June the average rate on the 30-year fixed shot over 6% briefly, and that was enough to turn the once-hot housing market on its heels. Rates pulled back in July and August, but the damage was already done. Now rates are heading past 6% yet again, causing already beleaguered mortgage demand to fall even […]
Real estate and mortgage professionals must know a lot about what affects the real estate market — both locally and nationally. The stark reality is that true professionals in this space never stop learning. They also use historical information to guide their understanding of current and future marketing conditions and hence, the application of sound strategies. Here […]
Lakefront homes may offer home buyers a chance to buy a waterfront property at a more affordable price than a vacation home on the ocean. Some of the least expensive lake towns may not be as well-known, but they offer house hunters a chance to live on the water and still enjoy the activities and views […]
As the housing market shifts, demand for lowest-priced homes is strongest, according to an analysis from Zillow, released on Tuesday. Throughout most of the pandemic, homebuyers shopping in the middle and top-price tiers faced the most competition as inventory was more limited than the lower priced tier. However, as home prices have continued to increase and mortgage rates have risen, resulting in […]
Why construction on single-family houses is on hold Tuesday’s housing starts report clearly shows that homebuilders are going to be done with single-family construction until mortgage rates fall. Housing completion data is still struggling to get some traction, but in the coming months, builders should be able to get more housing completions done while housing permits and starts for […]
Burned by a hot housing market, some frustrated home buyers may have hoped that sky-high listing prices are finally coming down to earth. Well, they are – sort of. It just depends on where you live. To better understand the housing affordability situation, Fortune magazine reached out to Moody’s Analytics to get access to its latest proprietary […]
Changes in demand caused by the pandemic were, of course, a big part of the house price boom but two years of falling mortgage rates was the main reason house prices skyrocketed in 2020 and 2021. Rates fell from 4.9% in November 2018 to 2.7% in January 2021, the lowest rate ever on 30-year fixed-rate […]
As any real estate agent knows, leads are the lifeblood to success. This is why it is no secret that a high percentage of most agents’ time is dedicated to uncovering possible leads via as many conduits as possible. That being said, all leads are not created equal. Some leads roll in thanks to expensive […]
Buying a home is an important – and exciting – decision. After all, having a place to call your own, to raise your family in, to do as you wish with no landlord to answer to are all motivating factors in starting the process. But, in addition to these emotional reasons, buying a home can […]
An important piece of the real estate puzzle hinges on building a strong team. This is why in addition to our network of agents, lenders, attorneys, and brokers, we are always on the lookout for great contractors to partner with. Below is some more insight on what we are looking for along with a number […]
If you are a real estate investor looking to purchase wholesale properties or partner on joint venture projects, look no further. Our team has the experience, know-how, and infrastructure to offer you opportunities in your real estate investment endeavors. No matter if you are looking for a rehab project to work on or you are […]
Homeowners find themselves in the position of having to sell their home fast for any number of reasons. For example, there are times when family obligations require you to move out of state with little warning. Maybe a job relocation takes you to a new area. Or a personal situation has arisen, putting homeowners on […]