Real Estate News & Insights
Report: Down Payment Level Held Steady During Q3
During the third quarter, the average down payment share remained near 14.4% of the purchase price. Continue Reading Report: Down Payment Level Held Steady During Q3
Residents in Florida City Push Back at Proposed 6,000-Seat Soccer Stadium
The opponents to this effort insisted the city cannot handle a spike in traffic volume from the stadium. Continue Reading Residents in Florida City Push Back at Proposed 6,000-Seat Soccer Stadium
Homebuyer Competition Falls for Second Consecutive Month
Source: World Property Journal --- National property broker Redfin is reporting this week that 60.7% of home offers written by Redfin agents nationwide encountered competition on a seasonally adjusted basis in April, the lowest level since March 2021. That's down from...
‘This might be a housing bubble,’ says Dallas Fed economist—here’s an exclusive look at the latest housing market analysis
Source: Fortune --- Back in March, economists at the Federal Reserve Bank of Dallas put the real estate industry on high alert when they published a paper titled "Real-time market monitoring finds signs of brewing U.S. housing bubble." It's one thing for Redditors on...
Study finds Hispanic homebuyers most likely to use risky, nontraditional financing
Source: Bankrate --- Rising home prices and mortgage rates have made it more difficult for many first-time homebuyers and have pushed some to consider alternative forms of financing. A survey out of Pew Charitable Trusts found that Hispanic homebuyers are the most...
10 first-time homebuyer tips
Source: Bankrate --- These days, the real estate market can seem quite literally all over the map—still super-hot in some areas while cooling off in others. Regardless of where you live, first-time home ownership can be an attainable goal with the right research and...
What’s The Latest With UK Mortgage Rates?
Source: Forbes --- The ever-tightening cost of living crisis and continued soaring inflation – which stood at a staggering 9% in the 12 months to April – is fuelling the likelihood of more interest rate rises this year, putting further pressure on the monthly budgets...
The housing market has peaked, top economist says
Source: MPA --- The US has officially gone from a housing boom into a “housing correction”, according to Mark Zandi (pictured), chief economist at Moody’s Analytics. In an interview with Fortune magazine last week, the economist and co-founder of Economy.com said all...
Is the hot housing market showing signs of cooling down?
Source: abc4 --- (NewsNation) — New home construction continues at a rapid pace, but new sales data shows the market may be cooling down, slightly. In April, sales dropped by 17%, the biggest dip in nearly a decade, according to data released last week by the Census...
The Fastest-Growing Cities Are in Just 2 States. Can You Guess Which Ones?
Source: Realtor --- The nation’s fastest-growing cities are more like popular suburbs located just outside of the hottest real estate markets. And they are all clustered in just two states: Texas and Arizona. During the height of the COVID-19 pandemic, smaller cities...
How to Lower Utility Bills: Energy Saving Tips & Expert Advice
Source: Point2 --- In theory, the key to reducing the cost of utilities is simple: Lower your overall usage and perform regular maintenance. But, in practice, it takes time and patience to tick off everything on the list of factors that could affect a household’s...
Home prices rose by more than 20% year-over-year in March
Source: CNN --- (CNN)US home prices continued to surge higher in March, as buyers raced to lock in homes before the average mortgage rate hit 5%. Home prices rose 20.6% in March from the year before, an even higher rate than the 20% growth seen in February, according...
