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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...
Homes With High Fire Risk Sell For Nearly $120,000 More Than Low-Risk Homes As Americans Flock to Fire-Prone Suburbia
Source: Redfin --- The typical high-fire-risk home sold for $550,500 in April, while the typical low-risk home sold for $431,300. That’s the biggest premium since at least 2017. The median sale price of high-risk homes jumped 52% during the pandemic, while the median...
REIMAGINING REAL ESTATE TECHNOLOGY
Source: RisMedia --- There’s a lot of noise in the real estate technology space today, and tech fatigue is running rampant as brokerages continue to chase the next shiny object and throw significant sums of money at tools that don’t play nicely with one another. A...
How a Home Purchase Boosts Consumer Spending
Source: NAHB --- Using the Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics (BLS), NAHB Economics estimates that a home purchase triggers significant spending on appliances, furnishings, and remodeling. NAHB’s most recent estimates are based...
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