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Homebuyer Competition Falls for Second-Straight Month, Hitting Lowest Level in Over a Year
Source: Redfin --- 61% of home offers faced bidding wars in April—down from 63% a month earlier and 67% a year earlier—as surging mortgage rates prompted buyers to drop out. Riverside, CA and Atlanta saw the biggest annual declines. Nationwide, 60.7% of home offers...
Rental Market Tracker: Growth in Asking Rents Slows for the 1st Time in a Year
Source: Redfin --- Rents rose 15% year over year in April, down from March’s 17% increase. Still, Austin, Portland and South Florida saw rents surge more than 30%. The median monthly asking rent in the U.S. increased 15% year over year to a record high of $1,962 in...
What are the problems in the real estate business today?
Debbie Bloyd is a contributing author to Weekly Real Estate News and can be contacted at 469-768-0337 or [email protected] In the real estate side of the business, there is still a lot of competition for homes. Builders are selling homes at pre-construction...
FOUR WAYS REAL ESTATE TEAM LEADERS CAN OVERCOME LEADERSHIP LONELINESS
Source: RisMedia --- As rewarding as it can be to lead your own real estate team, it can be lonely at the top. You may be surrounded by people, but they may not be able to fully appreciate the unique challenges of leading a team. You can quickly start to feel...
Why Rising Mortgage Rates Push Buyers off the Fence
Source: Keeping Current Matters --- you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about...
This Bold Move Is the Newest Home-Shopping Strategy in a Tight Housing Market
Source: Apartment Therapy --- Every month, I get at least a couple of letters from real estate agents who say they have buyers who are interested in purchasing my home. Some of these solicitations arrive via handwritten letters, others are more generic postcards....
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