2018 Real Estate and Mortgage Predictions
Just like that, another year has gone by, well, almost. There are still a few days left and anything can happen. In the meantime, I… Read More »2018 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.
See How Exuberant Your Housing Market Is
Back in the mid-1990s, former Federal Reserve Board chairman Alan Greenspan used the phrase “irrational exuberance,” which served as a warning that the stock market… Read More »See How Exuberant Your Housing Market Is
Will 2018 Be the Last Great Year for This Real Estate Boom?
A new survey of housing experts and economists led by Zillow sees home prices rising 4.1% in 2018 before annual gains normalize at around three… Read More »Will 2018 Be the Last Great Year for This Real Estate Boom?
OfferPad Home Loans: iBuyer Links Up with loanDepot to Provide Bridge Financing
A so-called direct home buyer by the name of OfferPad that agrees to purchase homes in as little as 24 hours has announced a new… Read More »OfferPad Home Loans: iBuyer Links Up with loanDepot to Provide Bridge Financing
10 Takeaways from the Annual Realtor Survey
The National Association of Realtors just released its 2017 Profile of Home Buyers and Sellers, and there are lots of interesting tidbits. Let’s explore 10… Read More »10 Takeaways from the Annual Realtor Survey
Millennials Are Buying Homes to Give Their Dogs Room to Roam
Curious what’s driving Millennial homeownership? Is it marriage or the prospect of a little one crawling around? Nope. Aside from more living space and building… Read More »Millennials Are Buying Homes to Give Their Dogs Room to Roam
Lennar Offers to Pay Your Student Loans If You Buy a New Home
One of the more common problems young home buyers face these days is student loan debt, which can complicate a mortgage approval (and a successful… Read More »Lennar Offers to Pay Your Student Loans If You Buy a New Home
ZHome Lets You Sell Your Current Home in 24 Hours So You Can Buy a Brand New One
A company called ZHome, which can apparently generate an offer to buy your home within 24 hours, is also making it easier for existing homeowners… Read More »ZHome Lets You Sell Your Current Home in 24 Hours So You Can Buy a Brand New One
Jay-Z and Beyoncé Take Out $52.8 Million Mortgage on Bel Air Home
Think you can’t get a jumbo home loan these days? Think again. Power couple Jay-Z and Beyoncé somehow managed to get a $52.8 million-dollar mortgage… Read More »Jay-Z and Beyoncé Take Out $52.8 Million Mortgage on Bel Air Home
Soon You May Be Able to Buy a House Without an Appraisal
Here’s something that may finally speed up the typically slow home loan process: an appraisal-less home purchase. Yep, it’ll be a reality for some folks… Read More »Soon You May Be Able to Buy a House Without an Appraisal