2022 Real Estate and Mortgage Predictions
It’s almost mid-December, which means it is time for another round of mortgage and real estate predictions for the upcoming year. I think it’s safe… Read More »2022 Real Estate and Mortgage Predictions
Housing Market
Commentary on the latest housing market news, with a focus on home prices, buying and selling conditions, and if another housing crash is right around the corner.
Hint: It probably isn’t for a while, at least with regard to home prices. Though you could argue there’s a major affordability crisis at the moment.
In short, a lack of for-sale supply continues to plague the housing market.
This absence of inventory has resulted in record high home prices, despite a surge in mortgage rates from the 2-3% range to 7% and higher.
And it’s probably hurting first-time home buyers the most, whether it’s an affordability issue or the inability to find a property.
At the same time, home sellers remain in a good spot due to this lack of supply and still relatively strong demand.
The problem for them might be finding a suitable replacement property.
What Will Cause the Next Housing Crash?
I think I finally know what’s going to cause the next major financial collapse. Crypto. Ignore the fact that the word “cry” is part of… Read More »What Will Cause the Next Housing Crash?
Another Reason You Can’t Find a Home to Buy: Investors
Don’t be fooled by Zillow’s recent iBuying exit. The housing market is alive and well, despite some expected seasonal slowing. Sure, November and December are… Read More »Another Reason You Can’t Find a Home to Buy: Investors
Zillow Offers Shuts Down Because It Can’t Forecast Future Home Prices, 25% of Workforce to Be Let Go
In a somewhat strange turn of events, the iBuying unit of Zillow, known as Zillow Offers, is shutting down after an initial suspension late last… Read More »Zillow Offers Shuts Down Because It Can’t Forecast Future Home Prices, 25% of Workforce to Be Let Go
Zillow Hits Pause on iBuying for the Rest of 2021: Should We Worry?
In a rather surprising turn, Zillow has suspended new home purchases via its Zillow Offers unit through the end of 2021. It’s actually the second… Read More »Zillow Hits Pause on iBuying for the Rest of 2021: Should We Worry?
2022 Home Prices: Goldman Sachs Sees Values Rising Another 16%
Think home prices are expensive today? Well, get ready for an even bigger shock. A new report claims 2022 home prices could be 16% by… Read More »2022 Home Prices: Goldman Sachs Sees Values Rising Another 16%
It’s Okay to Rent Until You Find a House You Really Like
When deciding between renting and buying, individuals often fret about missing out on home equity if they do the former. In other words, for all… Read More »It’s Okay to Rent Until You Find a House You Really Like
Is the Housing Market Finally Slowing Down? Not So Fast…
It’s a question a lot of prospective home buyers are asking right now. When will the housing market slow down? When will the bidding wars… Read More »Is the Housing Market Finally Slowing Down? Not So Fast…
Thursday Is the Best Day to List Your House
Not that it matters much these days, but apparently Thursday is the best day to list your home for sale. This is the latest advice… Read More »Thursday Is the Best Day to List Your House
Don’t Be a Desperate Home Buyer: Be Prepared and Willing to Move On
It’s no secret the housing market is hot at the moment, so much so that just about everyone is wondering when the next housing crash… Read More »Don’t Be a Desperate Home Buyer: Be Prepared and Willing to Move On