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...
Debbie Bloyd is a contributing author to Weekly Real Estate News and can be contacted at 469-768-0337 or [email protected] In the real estate side of the business, there is still a lot of competition for homes. Builders are selling homes at pre-construction...
Source: Apartment Therapy — 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: Realtor — If you’re a seller looking to put your home on the market soon, you and your bank account are in luck. Though experts predict the current sizzling housing market might start to cool down a bit due to the highest mortgage rates since 2009,...
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”...
MBA: Homebuyer Affordability Improved Slightly in June
