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23% of Americans think real estate is the best way to build wealth, but only 12% bought in 2022

23% of Americans think real estate is the best way to build wealth, but only 12% bought in 2022

by Third Party | Dec 17, 2022 | Real Estate Agent Tools, Real Estate News

Source: CNBC —  When it comes to building wealth, Americans say one thing and do another. When asked the best way to build personal wealth, 23% of adults said investing in real estate, according to the recent CNBC Make It: Your Money survey, conducted in...
Mortgage Rates See Largest Monthly Decline Since 2008

Mortgage Rates See Largest Monthly Decline Since 2008

by Third Party | Dec 17, 2022 | Mortgage Information, Real Estate News

Source: U.S. News —  Mortgage rates have fallen every week for the past month, with the average rate on the 30-year fixed mortgage retreating further to 6.65%. Borrowing costs dipped across all fixed-rate mortgage products, including FHA loans, VA loans and...
Home Flipping Declines Again Across U.S. During Third Quarter Of 2022 As Investor Profits Hit 13-Year Low

Home Flipping Declines Again Across U.S. During Third Quarter Of 2022 As Investor Profits Hit 13-Year Low

by Third Party | Dec 17, 2022 | Industry Updates, Real Estate Agent Tools, Real Estate News

Source: ATTOM —  IRVINE, Calif. – Dec. 15, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its third-quarter 2022 U.S. Home Flipping Report showing that 92,422 single-family houses and condominiums in the...
These Cities to See Biggest Price Drops Amid Talk of Housing Market Crash

These Cities to See Biggest Price Drops Amid Talk of Housing Market Crash

by Third Party | Dec 16, 2022 | Real Estate News, U.S. Housing Market

Source: Newsweek —  Experts believe that the housing market is currently in the midst of a correction after the past couple of years saw soaring mortgage rates and heavy inflation, as well as major increases in housing prices. Though there have been warnings...
Real estate: Midwest is ‘last regional bastion of affordability’ for homebuying, economist says

Real estate: Midwest is ‘last regional bastion of affordability’ for homebuying, economist says

by Third Party | Dec 16, 2022 | News/Current Events, Real Estate News

Source: Yahoo! Finance —  Zillow Senior Economist Jeff Tucker breaks down the outlook of the housing market and mortgage rates following the Fed’s latest rate hike, including regional home pricing trends ahead of 2023. Video Transcript DAVID BRIGGS: Fed...
Home Prices Might Plunge in 2023. But Here’s Why We Won’t Have a Housing Market Crisis on Our Hands

Home Prices Might Plunge in 2023. But Here’s Why We Won’t Have a Housing Market Crisis on Our Hands

by Third Party | Dec 16, 2022 | News/Current Events, Real Estate News, U.S. Housing Market

Source: The Ascent —  There’s a reason it’s been a major struggle for home buyers — particularly first timers — to break into the real estate market. Housing inventory has lacked in a serious way, and any time there’s more demand...
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