Would-Be Sellers vs. Must-Sell Sellers
I wanted to take a moment to talk about the types of sellers that exist in the housing market. There are typically two types of… Read More »Would-Be Sellers vs. Must-Sell Sellers
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.
Are Mortgage Rates Just a Distraction for High Home Prices?
Over the past several years, we’ve been entirely focused on high mortgage rates. The 30-year fixed surged from sub-3% levels to around 8% in the… Read More »Are Mortgage Rates Just a Distraction for High Home Prices?
Maybe Homeowners Are Struggling with Mortgage Loan Amount Lock-In
When mortgage rates surged off their record lows in early 2022, the housing market ground to a halt. In the span of less than 10… Read More »Maybe Homeowners Are Struggling with Mortgage Loan Amount Lock-In
Home Purchase Lending Expected to Be Lackluster in 2025 Despite Lower Rates
While lower mortgage rates have reinvigorated hope for the stalling housing market, 2025 might not wind up much better than 2024. Sure, lower interest rates… Read More »Home Purchase Lending Expected to Be Lackluster in 2025 Despite Lower Rates
Surge in FHA Loans with Piggyback Second Mortgages Could Spell Future Problems
A recent report from CoreLogic revealed that “piggybacked purchase loans” for FHA borrowers reach a new high in June of this year. While piggybacked home… Read More »Surge in FHA Loans with Piggyback Second Mortgages Could Spell Future Problems
More Consumers Think Mortgage Rates Will Go Down and That Home Prices Are Going to Fall
The latest monthly national housing survey from Fannie Mae revealed an interesting contradiction. Last month, a new survey-high 39% of respondents said they expect mortgage… Read More »More Consumers Think Mortgage Rates Will Go Down and That Home Prices Are Going to Fall
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
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?