How to Move Out of Your Parents House
There’s nothing inherently wrong with living with your parents, other than EVERYTHING! So let’s talk about how to GET OUT! To be clear, I’m going… Read More »How to Move Out of Your Parents House
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.
2021 Mortgage and Housing Market Predictions
Welp, it’ll be nice to close out 2020 and look ahead to a brand-new year that hopefully features a lot less drama and much more… Read More »2021 Mortgage and Housing Market Predictions
Record Home Purchase Activity Expected in 2021 Despite Higher Mortgage Rates
While mortgage rates are projected to be slightly higher next year, home purchase activity should hit a new record high, per the latest forecast from… Read More »Record Home Purchase Activity Expected in 2021 Despite Higher Mortgage Rates
Redfin: 2020 Home Sales Will Be Highest Since 2006
While 2020 continues to surprise us, somehow, someway, home sales are expected to hit their highest point since 2006 this year. This, despite an ongoing… Read More »Redfin: 2020 Home Sales Will Be Highest Since 2006
You Can Buy More House If You Put More Money Down
I was reading through the latest quarterly home price report from the National Association of Realtors yesterday and stumbled upon an interesting nugget. It might… Read More »You Can Buy More House If You Put More Money Down
Zillow Homes: Zillow Launches a Real Estate Brokerage
Zillow has officially launched a real estate brokerage, known as “Zillow Homes.” The move is intended to “simplify and streamline” the company’s Zillow Offers platform,… Read More »Zillow Homes: Zillow Launches a Real Estate Brokerage
Is It a Bad Idea to Buy a Home During a Pandemic?
A recent op-ed said buying a home during a pandemic was a terrible idea. The author, Teresa Ghilarducci, noted that both home prices and uncertainty… Read More »Is It a Bad Idea to Buy a Home During a Pandemic?
Mortgage Lending Volume Hits Highest Level on Record Despite COVID-19
It makes sense that the mortgage industry would see its best quarter in history during a global pandemic. Okay, it doesn’t make sense, but that’s… Read More »Mortgage Lending Volume Hits Highest Level on Record Despite COVID-19
COVID-19 Is Pushing Home Buyers to Move Sooner
Sometimes you need a little push to get things going, especially when it’s a big something like purchasing a home. Well, it turns out a… Read More »COVID-19 Is Pushing Home Buyers to Move Sooner
Now Home Prices Are Expected to Fall By 2021 Thanks to COVID-19
While the housing market has been coming up roses lately, even in the face of COVID-19, it might turn out to be a short-lived affair… Read More »Now Home Prices Are Expected to Fall By 2021 Thanks to COVID-19