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...
Source: Keeping Current Matters — If you’re planning to buy a home this year, you might have heard that pre-approval is a necessary step to take before starting out on your journey. But why is that? And is it still important in today’s shifting market? The...
Source: Bankrate — If you need cash and have a sizable amount of home equity built up, you may consider a cash-out refinance or a home equity loan. Both a cash-out refinance and a home equity loan allow you to borrow against your home’s equity, using your home...
Hits and Misses for the Real Estate Week of May 11-15
