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Million-Dollar Lake Homes in Montana and Idaho Sell For Double What They Did Two Years Ago
Source: WSJ --- This week, The Wall Street Journal’s Mansion section is rolling out stories from our special waterfront issue. Be sure to check out this one on homeowners trading beaches for lagoons, why you should consider getting a special inspection for your...
The New Rules of What It’ll Truly Take To Save Up for a House Today
Source: Realtor.com --- If you’re saving for a down payment for a home—particularly your first—you probably know this is one tricky real estate moment. With inflation sending prices spiraling, mortgage interest rates ticking up, and biddings wars on homes more the...
The last time houses were this unaffordable was 2006
Source: Housing Wire --- Surging interest rates and home price appreciation made March one of the most challenging months for prospective homebuyers looking to make purchases, according to a recent report. Annual home price gains saw 19.9% annual appreciation in...
A Look at Kansas City’s Top Rated Real Estate Agents
Source: Realty Biz News--- According to the most recent U.S. News & World Report profiling, the top real estate agents in Kansas City, Bryan Huff of Keller Williams leads a group of more than 4,800 professionals in the area. The report uses HomeLight figures on...
Refinance volume has “dried up,” Old Republic says
Source: Housing Wire --- While other “big four” title insurers discussed the “transitional period” in the housing market during their first quarter 2022 earnings calls with investors, Old Republic International Corp.’s president and CEO, Craig Smiddy decided to take a...
US home prices rose by nearly 20% year-over-year in February
Source: CNN --- Prices rose 19.8% year-over-year in February, an even higher rate than the 19.2% growth seen in January, according to the S&P CoreLogic Case-Shiller US National Home Price Index. Phoenix, Tampa and Miami reported the highest year-over-year gains...
Utah competition seeks big solutions to affordable housing
Source: Salt Lake Tribune --- The affordable housing crisis isn’t unique to Utah, but Utah may be the place to bring solutions together. A national rent report from Zumper indicates the cost of rent is rising nearly twice as quickly as it was last April. The U.S....
Housing industry getting hit by ‘perfect storm,’ billionaire real estate developer warns
Source: Fox Business --- Billionaire real estate developer Jay Bloom warned consumers Thursday the housing industry is getting hit by the "perfect storm." "We're in the middle of a real estate boom like we haven't seen in the past," Bloom told "Cavuto: Coast to...
Pandemic Homebuyers Flocked to the Sun Belt for Better Prices. Now, You’ll Need 40% More Income to Afford a Home There.
Source: Redfin ---Homebuyers in nearly every part of the country have felt the impact of surging housing prices since the start of the pandemic—but especially those in the Sun Belt, which has seen costs skyrocket even more than other areas as out-of-towners flock in....
Housing Market Update: Typical Buyer’s Monthly Payment Up 39%—The Biggest Annual Gain on Record
Source: Redfin --- The typical homebuyer’s monthly mortgage payment shot up 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. Redfin’s data on homebuyer mortgage payments is based on asking-price data...
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