Introducing the Livestream Open House
Necessity is the mother of innovation, and with that comes the so-called “Livestream Open House,” which has just been launched by Realtor.com in the face… Read More »Introducing the Livestream Open 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.
Which Housing Markets Are Most at Risk From COVID-19?
While it’s hard to compare the current possible housing crisis to the very real one experienced about a decade ago, there are fears of negative… Read More »Which Housing Markets Are Most at Risk From COVID-19?
Real Estate Delistings Increase 148% From a Year Ago as COVID-19 Impact Grows
Housing supply was bad before the coronavirus epidemic reared its ugly head, and now it has gotten even worse, per new data from real estate… Read More »Real Estate Delistings Increase 148% From a Year Ago as COVID-19 Impact Grows
How Many Homeowners Are Expected to Miss Mortgage Payments Due to Coronavirus?
It’s the first of the month, and with that comes fear and uncertainty that both homeowners and renters won’t be able to make payments due… Read More »How Many Homeowners Are Expected to Miss Mortgage Payments Due to Coronavirus?
Top iBuyers Stop Buying Homes: Zillow, Redfin, Opendoor Purchases All on Hold
The real estate market carnage continues with all the major iBuyers pausing home purchases thanks to the coronavirus. Zillow Offers Pauses Purchases This morning, Zillow… Read More »Top iBuyers Stop Buying Homes: Zillow, Redfin, Opendoor Purchases All on Hold
RedfinNow Temporarily Halts Offers as Housing Market Takes Turn for the Worse
We’re now getting our first indication of how the coronavirus may affect the once booming housing market, thanks to a blog post from Redfin boss… Read More »RedfinNow Temporarily Halts Offers as Housing Market Takes Turn for the Worse
Just How Popular Has iBuying Become?
In 2019, one out of every 100 homes were purchased by an iBuyer, short for instant buyer, per a new report from real estate brokerage… Read More »Just How Popular Has iBuying Become?
More Than a Quarter of Millennial Homeowners Want to Go Back to Renting
I guess homeownership isn’t for everyone, at least if you consider a new study from LendingTree. When respondents were asked if they would “ever go… Read More »More Than a Quarter of Millennial Homeowners Want to Go Back to Renting
Are Home Prices Going to Surge in 2020?
It’s a new year, and with that comes old questions, like will mortgage rates go up or down in 2020? And will home prices rise… Read More »Are Home Prices Going to Surge in 2020?
2020 Real Estate and Mortgage Predictions
Well, 2019 is set to come to a close. It’s certainly been an interesting year (and decade), surely one to remember. But now it’s time… Read More »2020 Real Estate and Mortgage Predictions