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Americans Are Buying Smaller Homes as Prices Skyrocket

Americans Are Buying Smaller Homes as Prices Skyrocket

by Third Party | Apr 24, 2022 | Mortgage Information, News/Current Events, Real Estate News

Source: Redfin —  Americans are buying smaller homes than they were at the height of the pandemic. The typical U.S. home that went under contract in March was 1,720 square feet, down 1.8% from 1,751 square feet the same time last year and roughly the same size...
Higher rates may prompt homeowners to stay put, but how will that impact inventory?

Higher rates may prompt homeowners to stay put, but how will that impact inventory?

by Third Party | Apr 23, 2022 | News/Current Events, Real Estate News

Source: Realty Biz New —  The thinking is that homeowners who’re locked into their current low mortgage rate are incentivized to stay where they are. Indeed, some are currently enjoying ultra-low rates of less than 3%, so to move now would mean a big bump in...
Local real estate agent has tips for prospective homebuyers in volatile market

Local real estate agent has tips for prospective homebuyers in volatile market

by Third Party | Apr 23, 2022 | News/Current Events, Real Estate Agent Tools, Real Estate News

Source: Bronx News —  Local real estate agent, Christine Finch Oleynick of Keller Williams Prestige Properties, says the price of Connecticut homes and mortgages rates is continuing to go up with no sign of stopping — at least for another year, but there...
What home prices will look like in 2023, according to Zillow’s revised downward forecast

What home prices will look like in 2023, according to Zillow’s revised downward forecast

by Third Party | Apr 23, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Fortune —  There’s no doubt about it: Soaring mortgage rates are an economic shock to the U.S. housing market. Over the past month alone, the average 30-year fixed mortgage rate has spiked from 3.11% to 5.11%. It’s both pricing out some...
Relax and Recharge in Your Mental Hobby Shop

Relax and Recharge in Your Mental Hobby Shop

by Dan Harkey | Apr 22, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News

Most people have a place they go to or an activity they engage in that helps them move into peacefulness, serenity, and resolve. They can spend time happily away from exterior societal pressures. I refer to that state of being as their “Mental Hobby Shop,”...
Canada open to more measures to curb housing speculation, minister says

Canada open to more measures to curb housing speculation, minister says

by Third Party | Apr 22, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Reuters —  OTTAWA, April 21 (Reuters) – Canada’s ruling Liberals are eyeing more measures to curb housing speculation after introducing a foreign buyer ban and heftier taxes on property flippers in their budget earlier this month, the housing...
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