Why You Might Want to Skip the Starter Home
Some 45 million Americans are expected to reach the typical first-time home buyer age in the next decade, which is a fresh 34 years old.… Read More »Why You Might Want to Skip the Starter 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.
Study: Open Houses Result in Faster, More Expensive Home Sales
Aside from tracking mud through your beautiful home, it turns out open houses actually lead to higher sales prices and less time on market, per… Read More »Study: Open Houses Result in Faster, More Expensive Home Sales
Is the Real Estate Market Going to Crash in 2019?
There have been a lot of unpleasant headlines regarding the state of the real estate market lately. Earlier this week, Redfin noted that only 1… Read More »Is the Real Estate Market Going to Crash in 2019?
What Is a Good Price for a First-Time Home Buyer?
Buying your first home can be pretty nerve-wracking. Regardless of what you pay, whether it seems like a little or a lot, there are going… Read More »What Is a Good Price for a First-Time Home Buyer?
Home Prices vs. Recessions
There have been three recessions since the 1990s, including the Great Recession, which took place from 2007 and 2009 and lasted about a year and… Read More »Home Prices vs. Recessions
2019 Mortgage and Real Estate Predictions
First off, here are my 2018 predictions in case you want to see how they panned out. Overall, I think I did alright, though my… Read More »2019 Mortgage and Real Estate Predictions
Sell Your House or Rent It Out? The Pros and Cons
If you already own some real estate, perhaps a house or a condo, and are looking to move on, you might ask yourself if it’s… Read More »Sell Your House or Rent It Out? The Pros and Cons
Redfin Launches the Owner Estimate to Give Homeowners Control
Are you sick and tired of your Redfin Estimate or Zillow Zestimate being too low? Do you feel your property is worth much, much more… Read More »Redfin Launches the Owner Estimate to Give Homeowners Control
Quicken Launches Rocket Homes to Compete with Zillow and Redfin
Following the recent trend of real estate and mortgage link-ups, Quicken Loans has launched “Rocket Homes” to fill in the real estate gap and simultaneously… Read More »Quicken Launches Rocket Homes to Compete with Zillow and Redfin
5 Things Home Buyers Are Doing If They Haven’t Found a Property After 3 Months
If you’re a prospective home buyer, life isn’t fun right now. The real estate market remains red hot (despite those headlines about it cooling) and… Read More »5 Things Home Buyers Are Doing If They Haven’t Found a Property After 3 Months