Source: Forbes — Lumber and plywood prices have jumped through the roof in the U.S. Building materials prices will retreat in 2022, returning to pre-pandemic levels by 2023. They reflect housing-specific issues, not general inflation. (The general inflation is...
Source:NBC News — The number of existing home sales plunged in April, surprising economists who had expected last month’s drop to moderate. Real estate experts say this is an indication that shortages of everything from lumber to kitchen appliances are...
Source: Point 2 Homes— The 5% rule was coined by Canadian investment portfolio manager Ben Felix. It stems from the general consensus among potential homebuyers that if you can afford to make mortgage payments that are equal or less than what you’re paying in...
Source: Forbes — Inside Bella Collina, a gated community near Orlando, Florida, three lots sit ready for their homes. The mock-ups are nearly identical: 3,076 square feet, five bedrooms and three and a half baths, featuring quartz countertops, a tile roof and...
Source:Apartment Therapy — If you’re financing a home (translation: you’re not an all-cash buyer!), your lender will require you to get an appraisal to make sure the home is worth the price you’re paying for it. An appraisal is different from a home inspection,...
Hits and Misses for the Real Estate Week of May 4-8
