Source: Forbes — The 2021 housing craze hit new highs as an uptick in listings offered a ray of hope for buyers trying to find a home in a competitive market and lock in low mortgage rates. But like any roller coaster, what goes up, must come down. The...
Source: MPA — While the housing market remains hotter than ever before, homebuyer competition hit its lowest level in almost a year, according to a Redfin report. The report showed that the bidding-war rate dropped from the revised rate of 61.8% in October to...
Source: Bankrate — In the Amazon age, consumers are more pampered – and less patient – than ever. Tap your phone and, voilà – hot food from your favorite restaurant arrives in minutes. High-end electronics appear on your doorstep in hours. However,...
Source: Forbes — Luxury property deals worth at least $4 million in New York City (NYC) went off the market with relative ease in 2021. While this indicates a subsequent short-term increase in prices for luxury properties, a market slowdown may happen in the...
Source: WBJ — The future of office and retail space is still uncertain as remote work and e-commerce maintain strong holds on the economy, even in our new normal. One thing that seems certain: the housing market has perhaps never been hotter in Central...
Hits and Misses for the Real Estate Week of April 27-May 1
