Source: Redfin — An increasing share of home sellers are lowering their asking price as rapidly rising mortgage rates cut into buyers’ budgets and homebuying sentiment drops. Price drops are especially common in mid-sized metros in the West–particularly in...
Source: Redfin — A homebuyer on a $2,500 monthly budget has lost nearly $120,000 in spending power since the end of last year as mortgage rates have nearly doubled. That buyer can afford a $399,750 home at today’s mortgage rate of roughly 6%. That’s a...
Source: RisMedia — Buying and selling real estate is a big deal—and it can be a tricky to understand at times. That’s why it’s so important to have a clear understanding of the offer-to-purchase real estate form. This form can be a crucial part of the buying...
Source: Bloomberg — For more than a year, we watched the scalding-hot housing market with a mix of alarm (anyone who was just thinking of buying or selling), horror (anyone already deep in the process) and caution (economists everywhere). Now? Historically low...
Source: Money — Since the start of the coronavirus pandemic, homebuyers have grown accustomed to overpaying and playing a risky game of bidding wars and waived contingencies. In a recent survey by Money and Morning Consult, 36% of people who purchased a home in...
Source: CNBC — For homeowners, big projects and purchases may be another casualty of rampant inflation, new research suggests. Overall, 60% of homeowners in a recent survey are less comfortable making large purchases for their home or household because of...
Former Arizona Shopping Center Site to Become Affordable Housing Complex
