Source: AP News — NEW YORK (AP) — Kyle Tomcak was looking for a home for his in-laws in the suburbs around Denver, something priced close to $450,000. Tomcak became dispirited as he lost out to investors fronting cash offers $100,000 over the asking price. Then...
Source: Redfin — The bidding-war rate dipped below 50% for the first time since the start of the pandemic in June as rising mortgage rates and inflation took a bite out of homebuyer budgets. Nationwide, 49.9% of home offers written by Redfin agents faced...
Source: Keeping Current Matters — While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that...
Source: Scotsman Guide — According to new figures from First American Financial Corp., a seasonally adjusted annualized rate of 5.47 million existing-home sales would represent a “healthy” pace of home sales for June. Potential home sales according to the...
Often, renting an apartment feels like living in someone else’s space. Someone else chose the paint colors, flooring, countertops, and finishings. And there’s a good chance you would have made some different decisions if you had free reign over the decor. Thankfully,...
Source: Redfin — Phoenix, Atlanta, Tampa and Miami, all Sun Belt metros popular with relocating homebuyers, have the highest inflation rates in the country. Housing prices make up a big portion of the rising costs in those places. The most popular destinations...
Federal Homelessness Fraud Cases Allege Millions Diverted to Real Estate, N…
