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The Housing Market Has Many Renovating Instead of Moving. These Renovations Can Maximize Your Resale Value

The Housing Market Has Many Renovating Instead of Moving. These Renovations Can Maximize Your Resale Value

by Third Party | Nov 14, 2022 | News/Current Events, U.S. Housing Market

Source: Next Advisor —  Homeowners in the U.S. all seem to have the same thing on their mind: Renovations. A recent survey commissioned by Discover Home Loans found that 79% of homeowners would rather renovate their current home than move to a different one....
How will rising interest rates impact housing market in 2023? Experts weigh in

How will rising interest rates impact housing market in 2023? Experts weigh in

by Third Party | Nov 13, 2022 | Industry Updates, Mortgage Information, U.S. Housing Market

Source: Fox 10 Phoenix —  LOS ANGELES – During the height of the COVID-19 pandemic, the Federal Reserve kept interest rates historically low, and this meant a home buyer could borrow money at an incredibly low rate.  Now, experts say the housing market...
Homeowners lost more than a trillion dollars in equity

Homeowners lost more than a trillion dollars in equity

by Third Party | Nov 13, 2022 | Industry Updates, Mortgage Information, U.S. Housing Market

Source: Axios —  The housing market has returned to earth. Home sellers can’t just name a price and expect buyers to pay; meanwhile over a trillion dollars in wealth in the form of home equity has evaporated. Why it matters: Think of this less as a crash...
Home prices rose almost everywhere in the US this summer

Home prices rose almost everywhere in the US this summer

by Third Party | Nov 13, 2022 | Industry Updates, U.S. Housing Market

Source: CNN Business —  In case you needed more evidence of how much home prices have skyrocketed: Even as the housing market was cooling over the summer, prices still rose in 98% of US markets, according to a new report. From July through September, home prices...
Redfin CEO: ‘The housing market could get worse’

Redfin CEO: ‘The housing market could get worse’

by Third Party | Nov 13, 2022 | News/Current Events, U.S. Housing Market

Source: Geek Wire —  The U.S. housing market continues to show signs of weakening, impacting Seattle real estate tech companies such as Zillow Group and Redfin. And the trend may continue. “We think that the housing market could get worse,” Redfin CEO Glenn...
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