Source: Redfin — 61% of home offers faced bidding wars in April—down from 63% a month earlier and 67% a year earlier—as surging mortgage rates prompted buyers to drop out. Riverside, CA and Atlanta saw the biggest annual declines. Nationwide, 60.7% of home...
Source: Redfin — Rents rose 15% year over year in April, down from March’s 17% increase. Still, Austin, Portland and South Florida saw rents surge more than 30%. The median monthly asking rent in the U.S. increased 15% year over year to a record high of $1,962...
Source: RisMedia —Â As rewarding as it can be to lead your own real estate team, it can be lonely at the top. You may be surrounded by people, but they may not be able to fully appreciate the unique challenges of leading a team. You can quickly start to feel...
Source: Keeping Current Matters — you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think...
Source: Apartment Therapy —Â Every month, I get at least a couple of letters from real estate agents who say they have buyers who are interested in purchasing my home. Some of these solicitations arrive via handwritten letters, others are more generic postcards....
Source: Fox Business — National Association of Home Builders CEO Jerry Howard said on Tuesday that he is “very concerned” over the new data showing a steep drop in new construction and warned that inflation is causing increased “concern”...
