It’s Not a Mortgage Rate Story Anymore
The other day I noticed that mortgage rates were being advertised at some really low levels. Many quotes in the mortgage rate table on my… Read More »It’s Not a Mortgage Rate Story Anymore
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.
Home Buyers Were Urged to Beat the Rush, But Are Now Being Told They Might Want to Wait
They say not to time the market. It’s a chump’s game. If anyone had any real success at it, they’d be rich. This type of… Read More »Home Buyers Were Urged to Beat the Rush, But Are Now Being Told They Might Want to Wait
New Flat-Fee AI-Powered Real Estate Buyer Agent Service Called Landian Launches
What’s better than taking on the National Association of Realtors (NAR) and winning? Well, launching your own flat-fee, AI-powered real estate service just months after… Read More »New Flat-Fee AI-Powered Real Estate Buyer Agent Service Called Landian Launches
How Does Real Estate Commission Work Now?
In the not-so-distant past, aka before August 17th, 2024, real estate commissions worked a lot differently. Or at least the rules governing them did. Back… Read More »How Does Real Estate Commission Work Now?
Will Home Prices Go Up When Interest Rates Go Down?
Well, here we are. It took longer than expected, but mortgage rates have finally strung together a decent rally after nearly three years of increases.… Read More »Will Home Prices Go Up When Interest Rates Go Down?
Will the Housing Market Crash in 2025?
I got active on Twitter over the past year and change and to my surprise (not sure why it’s surprising really), encountered lots of housing… Read More »Will the Housing Market Crash in 2025?
What’s the Best Mortgage for First Time Buyers?
If you’re new to real estate and preparing to make an offer on a property, you might be wondering what mortgage is best for a… Read More »What’s the Best Mortgage for First Time Buyers?
Is Rent Out and Rent the New Way to Move to a Different House?
I had a conversation with a friend the other day about his current housing situation. In a nutshell, the home he resides in isn’t large… Read More »Is Rent Out and Rent the New Way to Move to a Different House?
Should You Only Buy a House If You Can Afford a 15-Year Fixed Mortgage Payment?
I’ve already written at length about the pros and cons of a 15-year fixed mortgage, but some financial experts claim you shouldn’t even buy a… Read More »Should You Only Buy a House If You Can Afford a 15-Year Fixed Mortgage Payment?
When Should You Start Looking for a House?
Real estate Q&A: “When should you start looking for a house?” The short answer: Immediately. That is, if you want to buy a home at… Read More »When Should You Start Looking for a House?