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Investor Home Purchases Rise for First Time in a Year as U.S. Economy Bounces Back
Source: Redfin --- U.S. home purchases by investors rose 2.7% year over year in the first quarter, marking the first period of growth since the coronavirus pandemic began. That follows three consecutive quarters of declines, during which investor purchases slumped by...
Buyers in Indianapolis, Omaha and Seattle are Snapping Up Homes in 5 Days or Less
Source: Redfin --- April was another history-making month for housing, with homes selling for higher prices and in fewer days since at least 2012, when Redfin began tracking national housing data. The following measures all hit new records: The national median...
Why Lumber And Plywood Prices Are So High—And When They Will Come Down
Source: Forbes --- Lumber and plywood prices have jumped through the roof in the U.S. Building materials prices will retreat in 2022, returning to pre-pandemic levels by 2023. They reflect housing-specific issues, not general inflation. (The general inflation is...
It’s a red-hot real estate market — so why are home sales plunging?
Source:NBC News --- The number of existing home sales plunged in April, surprising economists who had expected last month’s drop to moderate. Real estate experts say this is an indication that shortages of everything from lumber to kitchen appliances are reverberating...
Buying vs. Renting — How the 5% Rule Can Help You Decide
Source: Point 2 Homes--- The 5% rule was coined by Canadian investment portfolio manager Ben Felix. It stems from the general consensus among potential homebuyers that if you can afford to make mortgage payments that are equal or less than what you’re paying in rent,...
How To Get Rich In Real Estate Without Buying A Ton Of Property
Source: Forbes --- Inside Bella Collina, a gated community near Orlando, Florida, three lots sit ready for their homes. The mock-ups are nearly identical: 3,076 square feet, five bedrooms and three and a half baths, featuring quartz countertops, a tile roof and double...
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