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.
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
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
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
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
A new survey from online real estate brokerage Redfin regarding home buyer sentiment found that existing owners are a lot more likely to sell before… Read More »New Real Estate Trend: Sell Existing Home Before Buying Another
Below is an extensive and exhaustive (and silly but somewhat serious) list of places where it might not make the best sense to buy a… Read More »100+ Not So Great Places to Buy a Home
With mortgage rates hitting 2015 highs last week, one might worry that the housing recovery will lose steam. The 30-year fixed climbed to 4.08% per… Read More »Home Prices vs. Gas Prices
The Joint Center for Housing Studies of Harvard University released the 2015 edition of The State of the Nation’s Housing report this week and it… Read More »Harvard: Renting Is the New Buying, But It’s Unaffordable
Consider this common scenario. You really like a house and decide to make an offer. After winning a bidding war and perhaps paying a little… Read More »Realtor and Airbnb Team Up to Let People Try Before They Buy
A lot of folks I know who rent are still hot on the idea of homeownership, but it’s important not to overlook all the costs… Read More »Owning a Home Costs Nearly $10,000 a Year Not Including the Mortgage
