Buy a House Close to Target, Not Walmart
Finding That Perfect Location In my quest to find the perfect home location, as opposed to one poorly located, I was just given a new… Read More »Buy a House Close to Target, Not Walmart
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.
Zillow Says Early May Is Now the Best Time to Sell a Home
A previous study from Redfin found that winter was the best time to sell a home, which seemed a bit unconventional. Zillow is saying it’s… Read More »Zillow Says Early May Is Now the Best Time to Sell a Home
Home Flippers in 2015 Were the Most Active Since 2007
179,778 Properties Flipped in 2015 Is it time to worry? Home prices are surging, affordability is becoming a concern, and home flippers are back out… Read More »Home Flippers in 2015 Were the Most Active Since 2007
Skupit Lets You Make an Offer on a Home in Five Minutes
Looking to purchase a home and not waste any time doing so? Well, a new company called “Skupit” might be just the ticket. The website… Read More »Skupit Lets You Make an Offer on a Home in Five Minutes
Trulia: Not a Bad Idea to Buy an Unaffordable Home
This headline may have caught your attention seeing that it sounds like terrible advice. But wait, let them explain. Well, let me explain Trulia’s rationale… Read More »Trulia: Not a Bad Idea to Buy an Unaffordable Home
Faira Looks to Ditch the Real Estate Agent
A new company called Faira, founded by a guy who designed business models for eBay and Microsoft, wants to sell your home with less stress… Read More »Faira Looks to Ditch the Real Estate Agent
Down Payment Protection for Your Home Purchase Is a Thing Now
There seems to be a new trend regarding insurance and homes losing value. Perhaps the unfortunate part is that all these new services are arriving… Read More »Down Payment Protection for Your Home Purchase Is a Thing Now
I Wish I Could Buy a Home While Interest Rates Are So Low
Continuing my series of “Things My Friends Say,” I had yet another thought-provoking conversation with a buddy about the current state of the housing market.… Read More »I Wish I Could Buy a Home While Interest Rates Are So Low
Portland Residents Don’t Want Californians Buying Their Homes
Anti-Californian sentiment has reared its ugly head in Portland, Oregon where home prices are apparently spiraling out of control. An article in The Oregonian points… Read More »Portland Residents Don’t Want Californians Buying Their Homes
Sweden Will Force Homeowners to Pay Down Their Mortgages
In an effort to cool off the white-hot real estate market in Sweden, the country’s Financial Supervisory Authority (FSA) has been given permission to require… Read More »Sweden Will Force Homeowners to Pay Down Their Mortgages