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 […]
Author Archives: Rosemary Bondoc
5 Energy-Efficient Home Upgrades That Offer the Best Return on Investment
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 […]
5 Home Improvement Trends to Watch in 2023
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 […]
Housing Market Is Shifting Closer To Favoring Buyers
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 […]
What’s Up With Rents?
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 […]
Why it may be time to buy into the slumping real estate market
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 […]
Home prices are finally falling. But how low will they go?
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, […]
FOMO Investing, REITs, and Why You Should “Just Keep Buying”
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, […]
These 20 Housing Markets Are Cooling the Fastest, According to Redfin
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, […]
Mortgage rates might soar even higher
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 […]