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Why Summer Is a Great Time To Buy a Vacation Home
Source: Keeping Current Matters --- You may be someone who looks forward to summer each year because it gives you an opportunity to rest, unwind, and enjoy more quality time with your loved ones. Now that summer is just around the corner, it’s worthwhile to start...
Home Sellers in Migration Hotspots Increasingly Turn to Price Drops
Source: Redfin --- The sudden surge in mortgage rates has reduced homebuyers’ budgets in many markets, forcing sellers to reset their price expectations. Price drops are becoming increasingly common, particularly in relatively affordable places that have seen home...
How Buying or Selling a Home Benefits the Economy and Your Community
Source: Keeping Current Matters --- If you’re thinking of buying or selling a home, chances are you’re focusing on the many extraordinary ways it’ll change your life. But do you know it has a large impact on your community too? To measure that impact, the National...
Austin, Raleigh and Other Popular Sun Belt Metros Lead the Nation in Homebuilding
Source: Redfin --- Sun Belt metros are leading the way when it comes to building new homes–and they need them, with scores of buyers moving in from other parts of the country, causing inventory to dwindle and prices to surge. Austin, TX had 31.1 single-family building...
Housing Market Update: Nearly 1 in 5 Sellers is Dropping Their Price, the Highest Rate Since October 2019
Source: Redfin --- Measures of homebuying competition are plateauing as early-stage demand posts its biggest annual decline since April 2020. However, mortgage rates may have leveled off, which could prevent demand from dropping even further. The housing market is...
Real estate industry ‘desperate’ for more inventory: Corcoran CEO
Source: Fox Business --- Pamela Liebman, president and CEO of The Corcoran Group, argued on Wednesday that the real estate industry is "desperate" for more inventory and if more homes become available, it "will really help everybody." She also noted that currently...
Prequal, Profitability, Due Diligence, Underwriting Tools; FHFA News: Appraisal Management
Source: Mortgage News Daily --- Yesterday I visited Sacramento to speak to an audience of real estate agents and originators in a joint MGIC/Golden 1 Credit Union event. The mood was good, and much of the discussion was about rent (give or take a little, 50 percent...
Southern Utah real estate hits new all-time highs, but asking prices stop escalating
Source: The Spectrum --- St. George's fast-rising housing market hit a new record high in April with the median sales price of a single-family home rising to $560,000, up more than 30% compared to April of last year. The rising sales price has risen sharply for...
Gov. Spencer Cox points to two problems in Utah’s housing crisis: Airbnb and Vrbo
Source: Salt Lake Tribune --- Thousands of potentially affordable homes in Utah are being deployed instead as short-term rentals in a trend that is worsening the state’s housing shortage, according to Utah Gov. Spencer Cox. While also calling for more residential...
U.S. New Home Sales Dive 27 Percent Year-Over-Year in April
Source: World Property Journal --- According to the National Association of Home Builders, in a further sign of a housing slowdown, new home sales posted a double-digit percentage decline in April 2022, falling to their weakest pace in two years, as rising mortgage...
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