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More Americans Choose Real Estate as the Best Investment Than Ever Before
Source: Keeping Current Matters --- Americans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans...
Bad Inflation Reports Raise Odds of Surprise 0.75-Percentage-Point Rate Rise This Week
Source: The Wall Street Journal --- A string of troubling inflation reports in recent days is likely to lead Federal Reserve officials to consider surprising markets with a larger-than-expected 0.75-percentage-point interest rate increase at their meeting this week....
Homebuyer Budgets Flatten, Posting Slowest Annual Growth Rate in Nearly Two Years
Source: Redfin --- Homebuyer budgets are essentially flat from last year, up just 0.3% year over year nationwide in the three months ending April 30, the slowest growth rate since June 2020. That’s according to an analysis of the average maximum price set by...
Big landlords jump into the homebuilding business as demand for single-family rentals surges
Source: CNBC --- As demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies. The push comes as more Americans have the flexibility to work from anywhere and are looking for larger spaces with...
Prepare yourself: ‘The U.S. housing market is at the beginning stages of the most significant contraction in activity since 2006’
Source: Market Watch --- The U.S. housing sector is in the midst of the biggest slowdown in over a decade, one economist says. But don’t expect prices to fall back down to earth just yet. “The U.S. housing market is at the beginning stages of the most significant...
Luxury-Home Sales Sink 18%, the Biggest Decline Since the Start of the Pandemic
Source: Redfin --- he luxury-housing market, which experienced a meteoric surge last year, is coming back down to earth amid a slumping stock market, rising mortgage rates and economic uncertainty. Sales of luxury U.S. homes fell 17.8% year over year during the three...
8 DIY Disasters That Can Make a Horrible First Impression on Buyers
Source: Realtor --- When touring a home for sale, first impressions are everything—and we’re not just talking about curb appeal. It’s common for sellers to spruce up their house before putting it on the market, and some of these home improvements can include DIY...
What Is Private Mortgage Insurance? Here’s Everything Homebuyers Need to Know
Source: CNET --- If you make a down payment of less than 20% on your home, you'll probably have to purchase private mortgage insurance. When you make a smaller down payment, lenders tend to consider you a higher-risk candidate for a mortgage, and the PMI requirement...
The 5 Things Nobody Tells You About Buying a House on a Lake
Source: Apartment Therapy --- Taking the plunge on waterfront life involves more than just a hefty price tag. For all the perks of buying a lake house (of which there are many!) there are also a few tedious downsides that need to be considered and budgeted for before...
CoreLogic: Home-price growth sets another record but should cool soon
Source: Scotsman Guide --- Nationwide home prices grew 20.9% year over year in April as buyers continue to race against increasing mortgage rates in an effort to fine affordable homes, according to CoreLogic. The annual price gain in the company’s most recent Home...
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