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Study: 61% of renters priced out of monthly mortgage payments in their metro area
Source: Scotsman Guide --- A recent study from Porch has revealed that 61% of renters in the largest U.S. cities can’t afford to buy a home where they live. When comparing median home prices in 260 metro areas to the income levels of renters who live there, the home...
Climbing the digital property ladder: Helping real estate brands move with the times
Source: Marketing Week --- A friend recently told me: “I’m only looking for flats in this postcode, because you can get Deliveroo.” This tongue-in-cheek comment holds more than a grain of truth. The pandemic has fundamentally changed people’s attitude towards their...
Here’s How Redfin Agents Are Helping Homebuyers Win Bidding Wars in the Most Competitive Market in History
Source: Redfin --- Nine out of 10 Redfin agents say this is the most competitive real estate market they’ve ever seen or close to it, according to a March survey of 326 Redfin agents. Supply is at a record low and buyers are competing fiercely for the homes that are...
An inside look at local housing markets across the country
Source: Housing Wire --- Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their...
3 Things Most People Don’t Know About Real Estate Investing
Source:Nasdaq --- any people are familiar with the concept of buying stocks. But real estate investing is a whole different world -- and one that a lot of folks have yet to dabble in. The reality, though, is that investing in real estate is a great way to diversify...
Could Zoom towns go bust?
Source: Construction Dive --- COVID-19 shut down offices around the country in 2020, suddenly freeing people to move to smaller, less expensive cities, also known as Zoom towns. These cities, which increased in popularity among Americans who use videoconferencing to...
U.S. Housing Is So Hot Even a Fed Governor Can’t Buy a Home
Source: BloombergThe U.S. housing market is so hot that even a Federal Reserve governor is having trouble buying a home. “Trust me, I know it is red hot because I am trying to buy a house here in Washington and the market is crazy,” Governor Christopher Waller said in...
Mortgage Rates Keep Rising Faster Than Experts Expected. That Makes It Even More Important for Homebuyers to Shop Around
Source: Time --- Things got tougher for homebuyers this week as mortgage rates continued to rise more quickly than experts expected. The average 30-year fixed rate was 4.59% this week, a rise of 19 basis points from a week earlier. Rates were below 4% just three...
DFW Real Estate Expert Offers Tips For Homebuyers Going Up Against Investors
Source: News Yahoo --- Michael Coburn with RE/MAX offers some tips for homebuyers looking to beat investors.
Cash Offers, Sight-Unseen Buyers, And 12-Hour Sales: Real Estate Agents Share Wildest Stories From The Local Market
Source: The Ticker --- Just how crazy is the real estate market in Traverse City? The Ticker asked eight local real estate professionals to share their wildest stories from the pandemic-era boom, as well as their predictions for what the market might look like in...
Recent Posts
HUD Updates 14 FHA Policies in Move to Improve Affordability- New Study: More Americans Favor Homebuying Over Renting for the First Time …
- Alabama Home Sales Up Nearly 12% from One Year Ago
- Supreme Court Offers Mixed Ruling in Michigan Equity Theft Case
- Investor Activity in Home Purchasing Holds Steady
