How Much Does a Real Estate Agent Make?
Ever wonder how much that real estate agent you constantly see on bus benches or your grocery store receipts makes? Given the ongoing commission lawsuits,… Read More »How Much Does a Real Estate Agent Make?
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.
A Record High Share of Consumers Believe Mortgage Rates Will Go Down Over the Next 12 Months
With the winter break now finally behind us, it’s time to talk mortgage rates again. Lately, they’ve been on the minds of anyone even remotely… Read More »A Record High Share of Consumers Believe Mortgage Rates Will Go Down Over the Next 12 Months
2024 Mortgage and Real Estate Predictions: Lower Rates and Falling Home Prices?
Well, another year is nearly in the books, which means it’s time to look ahead to what the next 365 days have in store. While… Read More »2024 Mortgage and Real Estate Predictions: Lower Rates and Falling Home Prices?
Will Mortgage Rates Go Down in 2024? Here Are All the Latest Predictions From the Biggest Names
Well, another year is nearly in the books, which means it’s time to look ahead at what 2024 might have in store. As is customary,… Read More »Will Mortgage Rates Go Down in 2024? Here Are All the Latest Predictions From the Biggest Names
Down Payments on Houses Rise to Highest Levels in Over 20 Years
Gone are the days of the zero-down mortgage. At least for the typical home buyer. Instead, the 2023 Profile of Home Buyers and Sellers from… Read More »Down Payments on Houses Rise to Highest Levels in Over 20 Years
It Now Takes More Than a Decade to Break Even on a Home Purchase
I’ve already written about it not being the best time to buy a home right now, at least from a pure investment standpoint. In short,… Read More »It Now Takes More Than a Decade to Break Even on a Home Purchase
Redfin Says It’s the Best Time to Buy a Home Since Mid-September: Should You Buy Now or Hold On?
Thanks to a record number of price cuts and a big improvement in mortgage rates, home buying conditions have improved tremendously. Taken together, you might… Read More »Redfin Says It’s the Best Time to Buy a Home Since Mid-September: Should You Buy Now or Hold On?
Higher Mortgage Rates Hurt Sales Volume, Not Home Prices
For those of you still wondering why home prices haven’t plummeted, despite significantly higher mortgage rates, it’s because there isn’t a negative correlation. A lot… Read More »Higher Mortgage Rates Hurt Sales Volume, Not Home Prices
It’s Not a Good Time to Buy a Home and Everyone Knows It
As if you needed more evidence that it’s not a good time to buy a home. The latest piece comes from the WSJ, which revealed… Read More »It’s Not a Good Time to Buy a Home and Everyone Knows It
You Can Now Search for Homes for Sale by School District on Zillow
It’s common for home buyers to purchase a property in a certain school district. This ensures their children can attend a specific school if they’ve… Read More »You Can Now Search for Homes for Sale by School District on Zillow