The latest report from realtor.com® reveals the continued cooling off of the U.S. housing market with 15% of listings showing price reductions.
Housing market slowdown takes its toll on luxury homes
December 7, 2018 by
Financial experts are warning that the luxury housing market is at risk of slowing down, due to higher mortgage rates that have also affected other segments of the real estate market. This week, luxury homebuilder Toll Brothers reported that its seen a 13 percent drop in the number of signed contracts for homes in its
Home inventory rises for the first time in 4 years
November 27, 2018 by
Many real estate markets have been plagued by a lack of homes for sale for several years, but things are changing with inventories across the nation finally showing an uptick last month. According to Zillow’s October Real Estate Market Report, the amount of homes for sale in the U.S. rose by 3 percent last month,
Many housing markets haven’t bounced back from the last major crash
November 9, 2018 by
In the decade since the housing bust, median home values have more than recovered in most of the nation’s largest markets. But within nearly all those major markets there remains inequity — neighborhoods that were hit hardest by the crisis continue to bear an outsized burden even through the recovery. A new Zillow report shows
Realtor confidence rises but economists warn of pessimistic outlook
October 24, 2018 by
Home sales fell in September due to a combination of higher interest rates and low inventory, but most realtors expect the market to improve in the next six months.
What determines the value of a home?
October 3, 2018 by
While both the house and location will factor into the value of a property, in the end, it is an appraiser that actually drives or rather determines a property’s actual value. Say what? to put it simply: Appraisals determine property values Property values are important to buyers Property values are important to sellers Lenders want
New Twists to the New Normal
May 13, 2018 by
The residential real estate market is once again entering new territory. The major factors are Millennials as the new economic driving force, low inventory for sale, and rising interest rates.
Buyer’s enthusiasm falls to two-year low as market challenges bite
March 27, 2018 by
Consumers are growing increasingly optimistic about their personal finances, but the opposite is true when it comes to their ability to buy a home or qualify for a mortgage, according to the National Association of Realtor’s latest Housing Opportunities and Market Experience survey.
U.S. homes are worth a combined $31.8 trillion
December 29, 2017 by
The total value of all of the homes in the U.S. has appreciated by more than $2 trillion in the last year, hitting $31.8 trillion overall.
No respite for low inventory crisis in 2018, Zillow warns
November 21, 2017 by
Those hoping for relief from the ongoing inventory crisis won’t find it in 2018. At least, not if you believe Zillow’s latest forecast of what’s in store for real estate over the next 12 months.
