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Supply of homes for sale around Philly is predicted to stay low for a while
Source: The Philadelphia Inquirer --- The Roxborough twin home sold the night of a Wednesday open house, less than 24 hours after it went on the market late last month. The buyer, a single mother of three, offered cash and $15,000 over the $329,900 asking price. She...
Most Americans Now Believe It’s a Good Time To Buy a Home, Despite Soaring House Prices—Here’s Why
Source: Realtor . com --- Despite skyrocketing home prices, a majority of Americans believe now is a good time to buy a home, according to a new survey from Gallup. Some 53% of Americans believe it is a good time to buy, Gallup reported Tuesday, citing the results of...
U.S. Government Regulatory Costs Add Staggering $93,870 to New Home Prices
Source: The World Property Journal --- According to the National Association of Home Builders (NAHB), regulations imposed by all levels of government account for $93,870, or 23.8 percent of the current average sales price ($397,300) of a new single-family home in...
Homebuyer pessimism reaches record high
Source: Realty Biz News --- Amid a record low supply of homes for sale and prices rising at the fastest pace in almost two decades, home buyers are becoming increasingly pessimistic about the housing market. That’s according to Fannie Mae’s latest Home Purchase...
Pandemic-fueled real estate boom threatens property tax hikes as much as 30% for Maine homeowners
Source: Press Herald --- Diane Romano shocked South Portland residents recently when she told the City Council that she might sell her plasma to cover an impending 10 to 30 percent property tax increase predicted by municipal officials. Romano and her husband, Dan,...
Zillow Looks Ready to Dominate the Online Real Estate Market
Source: Barron's --- Zillow’s first-quarter results came in strongly ahead of estimates, as Premier Agent revenue growth accelerated again, amid continued housing-market tailwinds. The Homes segment also experienced strong growth and delivered another quarter of...
