2012 Was a Really Good Year to Buy a Home
A new report from Redfin revealed 2012 was an absolutely fantastic time to purchase a home. Collectively, that crop of home buyers earned $203 billion… Read More »2012 Was a Really Good Year to Buy a Home
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.
FHA Approved Condos: Individual Units Now Eligible for Financing!
People looking to buy a condo with FHA financing rejoice. HUD has released a new condominium approval process that, among other things, brings back spot… Read More »FHA Approved Condos: Individual Units Now Eligible for Financing!
You Might Get a Better Deal If You Buy a House Where Kids Live
It’s common knowledge that home buyers are interested in purchasing properties in good school districts. After all, many individuals purchase homes because they either have… Read More »You Might Get a Better Deal If You Buy a House Where Kids Live
Wait, Home Buying Is the Cheapest It’s Been in 20 Years?
If you happen to be in the market to buy a home, you’re probably not giddy with delight over today’s sky-high listing prices. After all,… Read More »Wait, Home Buying Is the Cheapest It’s Been in 20 Years?
Amazon TurnKey: Get Free Stuff If You Use a Realogy Agent
While they’re not yet directly involved in the mortgage industry, Amazon has now dipped its toes in the real estate pool via a new home… Read More »Amazon TurnKey: Get Free Stuff If You Use a Realogy Agent
37% of American Homeowners Are Now Free and Clear
What a difference a decade makes. Back in 2009, it was a lot more common to hear about underwater mortgages than free and clear homeowners.… Read More »37% of American Homeowners Are Now Free and Clear
A Startup Called ZeroDown Just Launched to Help Home Buyers Lease to Own
It’s starting to feel a little like 2006 again. Recently, we’ve seen mortgage lenders launching interest-only mortgages, 40-year mortgage terms, and now a company by… Read More »A Startup Called ZeroDown Just Launched to Help Home Buyers Lease to Own
Young Homeowners Are Having More Mortgage Regrets
While homeowners of all ages are mostly happy they purchased a property, younger borrowers seem to be regretting their mortgages more than the rest of… Read More »Young Homeowners Are Having More Mortgage Regrets
Why You Should Live in Your Home Until It Sells
A new study from Redfin proved what we probably all assumed was the case; vacant homes sell for less than those filled with stuff. There’s… Read More »Why You Should Live in Your Home Until It Sells
Redfin Direct: Buy a Redfin-Listed Home Without a Real Estate Agent
First Redfin brought us the 1% listing fee, which disrupted the traditional 2.5% to 3% listing agents charge(d) to sell a home. But that still… Read More »Redfin Direct: Buy a Redfin-Listed Home Without a Real Estate Agent