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The Scale Has Tipped: Is Manhattan Real Estate Overbought?
Source: Forbes --- Last year was one for the record books for the Manhattan real estate market, and the surge in deal volume during 2021 was primarily due to pent-up demand. The fear of missing out increased the number of expected buyers when the market reopened in...
Affordability Alert! Here Are the Top 10 Towns Where First-Time Buyers Can Finally Snag a Home in 2022
Source: Realtor.com --- Since the COVID-19 pandemic began, the American dream of homeownership has felt more and more out of reach for many first-time buyers experiencing sticker shock over the high—and still rising—prices. Many believe they have better odds at...
12% of First-Time Homebuyers Say Selling Crypto Helped Save for Down Payment, Up From 5% in 2019
Source: Redfin--- One in nine first-time homebuyers (11.6%) surveyed in the fourth quarter said selling cryptocurrency helped them save for a down payment. That’s up from 8.8% in the third quarter of 2020 and 4.6% in the third quarter of 2019. This is according to a...
Domestic Sawmill Output Continues to Lag Home Construction
Source: NAHB Now --- With an historically low level of overall housing inventory and solid demand because of low mortgage interest rates and favorable demographics, new construction has been unable to add needed supply to the market because domestic production from...
D.C. commercial real estate’s 2022 outlook
Source: Axios Washington D.C. --- Commercial real estate hasn’t gotten the same red-hot momentum as residential during the pandemic, but industry experts are optimistic about 2022 overall, specifically the second half of the year. The big picture: Office buildings are...
Most expensive home in America lists for $295 million, may head to auction
Source: CNBC --- A 105,000-square-foot megamansion, known as “The One,” in the Bel Air section of Los Angeles listed Friday for $295 million, making it the most expensive listing in America. The property, which has been a decade in the making, would be the most...
Communities around U.S. saw significant real estate price increases last month
Source: Manistee News Advocate --- Homes across the country are seeing listing price increases as we ride into the new year. The nation saw an increase of 10% in listing prices for the last month of 2021. This was an increase from the 8.6% rate in November, according...
‘The Prepared Agent’ workshop teaches real estate agents how to stay safe on the job
Source: Wavy.com --- VIRGINIA BEACH, Va. (WAVY) — It’s been almost three months since a local real estate agent was killed on the job in Portsmouth. The tragedy motivated two local experts to take action. Now, they’re on a mission to keep other agents safe. Their new...
Should you rent or buy a home? Prices are surging in both cases, which makes it complicated
Source: CNBC --- Home prices are rising faster than rents, which is shrinking the affordability gap between being a homeowner and a tenant. Median-priced, single-family homes are less affordable in just over three quarters of the nation — the highest total in 13...
December caps record year for Oʻahu real estate. Home prices expected to rise in 2022
Source: Hawaii Public Radio --- For a sixth consecutive month, the median price for a single-family home on Oʻahu was more than a million dollars, according to a new report from local real estate firm Locations Hawaiʻi. Last month, the median price for a single-family...
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