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Featured News
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US Real Estate
Bidding wars heat up, but buyers are undeterred
By
Mike Wheatley
| February 17, 2021
Home Buying
,
Mortgage
,
US Real Estate
Economists blame low mortgage rates for rising home prices
By
Mike Wheatley
| October 21, 2020
Home prices have risen by double-digits in recent months, and that’s all the more bewildering during an economic crisis like the one we’re going through now. Experts say the reason could be the 30-year fixed-rate mortgage, which hit a record low average of 2.81% just last week. “The combination of what could be the lowest […]
Home Sales
,
Residential
Home sales are taking longer
By
Mike Wheatley
| May 26, 2020
People who’re trying to sell their home during the COVID-19 pandemic are being warned they’ll need to be a bit more patient than usual, as the process is likely to take a little longer. That’s according to the latest realtor.com survey, which found that homes are taking an average of 15 days, or 27%, longer […]
US Real Estate
,
Zillow
Zillow says home prices to rebound in 2021
By
Mike Wheatley
| May 12, 2020
Buyer demand and healthy housing-market dynamics will prevent U.S. home prices from dropping more than 2-3% - or more than 1.7% year over year - in the wake of the coronavirus, according to a forecast released by Zillow last week. The forecast says home sales will fall as much as 60% this spring and take […]
US Real Estate
Freddie Mac says the U.S. needs at least 3.3 million more homes
By
Mike Wheatley
| March 6, 2020
Home buyers are struggling to find an ideal property to buy due to a shortage of inventory across the nation, and things will likely get worse before they improve, according to a new study by Freddie Mac. Freddie Mac’s study reveals that there is a shortage of 3.3 million homes in the U.S. It puts […]
Home Sales
,
US Real Estate
Why the next recession won't bring down home prices
By
Mike Wheatley
| February 15, 2020
The resilience of the housing market is such that it will likely survive the next recession without home prices taking a substantial hit, according to a new report from title insurance firm First American Financial Services. “While the housing crisis is still fresh on the minds of many, and was the catalyst of the Great […]
Home Buying
National median incomes fail to keep pace with home values
By
Mike Wheatley
| December 24, 2019
Housing affordability fell in October despite mortgage rates being at a historical low, according to the latest National Association of Realtors’ Housing Affordability Index. However, the NAR said that housing affordability conditions have nonetheless improved from a year ago. The issue is that home prices are rising faster than incomes, leading to houses becoming less […]
Home Buying
,
US Real Estate
Home prices grow and affordability drops in Q2
By
Mike Wheatley
| August 9, 2019
Home values saw more gains in 91% of 178 U.S. metro areas during the second quarter, according to a new report from the National Association of Realtors published Wednesday. The data shows that the national median price for a single-family home came to $279,000 in Q2, up 4.3% from a year before. Nine-three of the […]
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