Source: Realty Biz News — Builders fear that demand for new homes could be on the wane. As a result, they’re taking their foot off the gas in terms of production, wary that too many prospective buyers have been priced out of the market by rising costs. In June,...
Source: Realtor — Home prices have been on the rise since the COVID-19 pandemic hit. For proof, look no further than the current median home price—a whopping $450,000. That’s not just a high price, but a new record set in June. As a seller, you may be motivated...
Source: Mortgage News Daily — Thursday brought the much-anticipated policy announcement from the European Central Bank (ECB). While our focus remains on mortgage rates in an entirely different continent, major goings on in European markets almost always have...
Source: Marketwatch — Tenants are caught between too-high rents and too-high homeownership costs, depriving them of the American Dream. That was the bleak picture lawmakers and housing experts painted of America’s renters at a congressional hearing Thursday. ...
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 —Â 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...
