Is there a housing bubble that is popping that will result in a housing crash? No Doubt, The real estate market is shifting and this new market will demand a new mindset and skill set. On this real estate coaching and training podcast, you will learn the 12 step real estate market survival guide. This podcast […]
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32% of homebuyers in April continued to find homes in affordable hotspots where homes were priced below the national median. Homebuyers Continued to Relocate to Handful of Still Affordable, Popular Migration Destinations According to a recently released report from Redfin, 32% of homebuyers were looking to relocate to different, more affordable metro areas in April […]
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Here’s a visual illustration of what is happening (and why) in the for-sale existing home market across the country. 3 Years in the Life of a $300,000 House Year Price 30-year Fixed Rate Monthly Payment 2019 $300,000 4.33% $1,192 2020 $315,000 3.41% $1.119 2021 $362,250 3.15% $1,245 2022 $438,322 5.5% $1,991 (Mortgage payments do not […]
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Gen-Z buyers with strong credit scores and savings are beginning to make their presence known in various metro areas. Gen-Z Buyers Accounted for 10% of Homebuyers Last Year According to LendingTree, Gen Zers, born between 1997 and 2012 and now aged 18 to 24, accounted for approximately 10% of homebuyers across the nation’s 50 largest […]
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Pricey suburbs are taking the lead among the most popular housing markets of 2022, according to Zillow. High Demand for Suburban Homes Continues in 2022 New data from Zillow confirms two key pandemic-inspired housing market trends: surging demand in the suburbs and faster home price growth in the suburbs compared to home price growth in […]
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Fannie anticipates sales and building to slow plus “a deceleration in home price growth” this year. Fannie Mae Economists Expect “Meaningful Slowdown” With mortgage rates now surging to the largest rates in 40 years, houses are less affordable than they were during the 2006 housing bubble. This affordability challenge, according to Fannie Mae, will likely dampen home […]
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Due to the combination of high home prices and steeply climbing interest rates, new home sales plunged to a level not seen in nearly nine years. New-Home Sales Report Shows Sales Plunging, Home Prices Rising & Inventory Improving in April A just released new-home sales report produced by the US Census Bureau and the US […]
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Record home price gains and coast-to-coast bidding wars are rapidly becoming past tense. Pandemic Housing Boom Reaches Limit Hot housing markets such as Austin TX and Riverside CA are slowing primarily due to the quickest rise in mortgage rates for any four-month period since 1981. An important question for you. Spring 2022 is here…have you completed […]
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The pandemic reinvigorated Dubai’s housing market with new developments of larger homes. Dubai Considered World’s Top-Ranked Growth Destination for Prime Properties Talk about a market turnaround…the Emirate of Dubai, the most populous city in the United Arab Emirates, transformed itself from a housing market slump beginning in late 2014 into the world’s top-ranked growth destination […]
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Residential starts fell -0.2% and building permits dropped -3.2% in April 2022. New Home Construction Lost Steam in April Amid the steepest climb in mortgage rates in decades and ongoing supply-side challenges, residential starts dipped -0.2% to a 1.72M annualized rate in April, according to the latest government data from the US Census Bureau. Single-family […]
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