Current News & Events
New Wave of Online Fraudsters Target Abu Dhabi Real Estate Market
THE UAE capital is witnessing a resurgence in fraudulent advertisements on social media promising properties being offered at discounted prices. Continue Reading New Wave of Online Fraudsters Target Abu Dhabi Real Estate Market
Luxury Home Sales Up 5% in September
The only two metros where prices dropped were Tampa, Florida (-3.3% to $1.45 million) and Oakland, California (-2.2% to $2.9 million). Continue Reading Luxury Home Sales Up 5% in September
Rental Market Tracker: Typical U.S. Asking Rent Surpassed $2,000 for First Time in May
Source: Redfin --- The median monthly asking rent in the U.S. surpassed $2,000 for the first time in May, rising 15% year over year to a record high of $2,002. That’s on par with April’s annual increase of 15%, but a slowdown from March’s 17% gain. “More people are...
7 Tragic Mistakes Pretty Much All First-Time Homebuyers Make After Moving In
Source: Realtor --- First-time homebuyers who manage to snag a house today have every reason to be excited. Congratulations! Yet once you move in and start decorating, watch out: A whole lot can go wrong. When it comes to feathering their nest, homeowners rarely get...
Would-Be Homebuyers Feeling Squeeze of Higher Home Prices and Mortgage Rates
Source: Fannie Mae --- WASHINGTON, DC – The Fannie Mae (FNMA/OTCQB) Home Purchase Sentiment Index® (HPSI) remained relatively flat in May, decreasing by only 0.3 points but inching nearer its 10-year- and pandemic-low of 63.0 from April 2020. Surveyed consumers...
Housing inventory is still at a crisis level
Source: Housing Wire --- Blink and you’ll miss your dream home. So few single-family homes are for sale in America that just two months of inventory is available across the top 100 metro areas in the country, a historic low. That’s according to Black Knight, which...
Over Half of U.S. Buyers Report Crying While Looking for a Home in 2022
Source: World Property Journal --- According to a new Zillow survey, over 50% of U.S. home buyers say the process left them in tears, with Gen Zers and millennials -- many of whom are first-time home buyers - far more likely to cry at least once during their...
Home Affordability Has ‘Collapsed’ in 2022. What To Expect Next, According to BofA
Source: Realtor --- The double whammy of surging mortgage rates and skyrocketing home prices has led to “collapsed” housing affordability in America, according to Chris Flanagan’s team at BofA Global Research. The situation has gotten so bad that it now compares to...
Why the Growing Number of Homes for Sale Is Good for Your Move Up
Source: Keeping Current Matters --- Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know. The number of homes coming onto the...
8 Renter Hopes and Dreams That Are Completely Delusional Today
Source: Realtor --- Imagining what your future apartment will look like? Go ahead and dream a little (or big) dream. But when you’re finished fantasizing about your full-service four-bedroom apartment with floor-to-ceiling windows and a balcony within walking distance...
These Are the 10 Things You’ll Really Need on Moving Day
Source: Apartment Therapy --- There’s nothing more exciting than a new home — and nothing more stressful than moving into one. But don’t get your packing tape in a twist: While we can’t make all those boxes disappear (sorry), we can keep you from feeling overwhelmed...
Housing wealth gains a record $1.2 trillion, but there are signs the market is cooling
Source: CNBC --- Homeowners are in the money, and it just keeps coming. Two years of rapidly rising home prices have pushed the the nation’s collective home equity to new highs. The amount of money mortgage holders could pull out of their homes while still keeping a...
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