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3 in 5 Home Offers Faced Bidding Wars in December, Even Amid Holiday Slowdown
Source: Redfin News --- Nationwide, 59.6% of home offers written by Redfin agents faced bidding wars in December 2021, the lowest share in 12 months. That’s down from a revised rate of 61.3% in November, but up from 54% in December 2020. An offer is considered part of...
Homebuilder confidence drops for the first time in four months, as inflation hits materials
Source: CNBC --- Builders in the single-family housing market are facing growing expenses, which is causing a turnaround in sentiment to start the year. Builder confidence fell one point to 83 in January, according to the National Association of Home Builders...
Homebuyers: Buckle up for another brutal spring housing market
Source: Fortune --- It's usually around this time of year, with the holiday season firmly in the rearview mirror, that homebuyers and sellers alike begin to make their way back into the market. That will continue to pick up each week until March arrives. At that...
Real estate experts say higher mortgage rates, low housing inventory face buyers in 2022
Source: KBTX3 --- BRYAN, Texas (KBTX) - Whether it’s from the increase of people working from home or those global supply chain issues, the housing market has seen plenty of volatility from the pandemic over the past couple years. Buying and owning a home is one of...
WHY ARE BUYERS FLOCKING TO MANCHESTER, NEW HAMPSHIRE?
Source: RISMedia --- The housing market is booming almost everywhere you look. But some areas, although selling just as fast or faster than other communities, remain relatively affordable compared to other hot real estate markets across the country. With home prices...
SRE TECHNOLOGIES SPENDING MONEY TO ATTRACT BORROWERS TO NEW PORTAL
SOURCE: EIN PRESSWIRE SRE Technologies, Based in Torrance, Calif., has completed work on the company’s online destination for home buyers and sellers and are now promoting the offering to consumers in markets across the state of Utah. The company’s new web portal is...
How Much Will Today’s Median Home Price—$375K—Really Get You Across the U.S.?
Source: Realtor.com --- Homebuyers these days are one stressed-out group, and they have plenty of questions. They want to know how high mortgage rates will rise. How to win insane bidding wars. Whether to join the suburban rush or the big-city retreat. Whether the...
Luxury Is Shifting Away From a Place of Excess, Says REIT COO
Source: Mansion Global --- Anna Malhari is the chief operating officer of Veris Residential, a real estate investment trust, or REIT, with an environmentally conscious focus. Veris is the recent rebrand of the Mack-Cali Realty Corp., as the brand pivots to multifamily...
The Most Expensive U.S. Real Estate Sales For 2021
Source: Forbes --- A drop in luxury housing inventory and increased buyer demand drove the high-end real estate market to record prices in 2021, with several sales in the United States eclipsing the $100-million mark. As the pandemic continued, the ultra-wealthy...
How much do you have to earn to afford Salt Lake County’s median-priced home?
Source: KSL.com --- SALT LAKE CITY — In a matter of six years, the annual income needed in order to afford a median-priced home in Salt Lake County has nearly doubled. Let that sink in. In 2015, a median-priced home in Salt Lake County cost about $248,400. The annual...
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