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Affordability Rules! We’ve Found 5 Homes Priced Below $100K
Source: Realtor --- Our dollars aren’t stretching anywhere near as far as they used to. Rising prices on everything from groceries to gas have put a serious dent in wallets nationwide. And those spiraling prices include the housing market, which continues to push ever...
Suburban homes gaining value faster than urban counterparts, Zillow finds
Source: Scotsman Guide --- A new Zillow study found that homes in U.S. suburbs have recently been appreciating faster than urban homes, reversing historic norms and highlighting buyers’ preferences away from urban areas even as the COVID-19 pandemic continues to ease....
Historic Housing Shortage Shows Signs of Letting Up as Sales Decline
Source: Redfin --- The number of homes for sale shrank at its slowest pace in April since the start of the pandemic. Home sales fell and price growth slowed as soaring mortgage rates prompted more buyers to throw in the towel. The housing market turned a corner in...
Are Reluctant Home Sellers Too Attached to Their Low Rates?
Source: Nerdwallet --- You’ve heard of golden handcuffs. That’s when a company compensates you generously to discourage you from taking a job elsewhere. Some of us restrain ourselves with another type of golden handcuffs: low mortgage rates. Economists dub the...
The Housing Market Has Already Endured 10 Long Years of Inflation. These are the Hard-Learned Lessons We Should Apply Now to the Broader Economy.
Source: Redfin --- For the first time since the 1980s, Americans are dealing with 8%+ inflation in consumer prices. American homebuyers, however, have been dealing with inflation since 2012. The typical home costs double what it did in 2012, but the typical worker is...
How can brokers get ahead in a tight market?
Source: Housing Wire --- HousingWire recently spoke with Jon Irvine, Chief Production Officer at Change Lending, about how brokers can gain a new competitive advantage in the current tight market. HousingWire: The current inventory shortage doesn’t seem like it will...
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