Published by REALTOR.com | July 22, 2024 Cash was king during the hypercompetitive pandemic years as investors swooped in on the housing market with wads of cash. Now, the tide is turning. The share of investors purchasing homes with cash fell to 64% in the first quarter of 2024, according to a recent Realtor.com® report. …
Published by FOX Business | July 19, 2024 New Biden admin plan penalizes corporate landlords who raise rent more than 5% each year Billionaire real estate mogul and former Democratic gubernatorial candidate Jeff Greene sounded off on President Biden’s “completely ridiculous” plan for national rent control, warning that it stunts new buildings and fair prices. …
Published by REALTOR.com | July 16, 2024 The combination of high list prices and elevated mortgage rates means owning a home now costs nearly twice as much as it used to. Scraping together enough money to buy a home can seem like a fruitless endeavor, especially in today’s housing market dominated by high mortgage rates …
The Salary Needed To Afford a Home Has More Than Doubled Since Before the Pandemic Read More »
Published by REALTOR.com | July 12, 2024 President Sparks Confusion With Vow To Crack Down on Rent Hikes at NATO Press Conference President Joe Biden appeared to announce new plans to crack down on rent hikes at his press conference following the NATO summit in Washington, DC. During the wide-ranging press conference, Biden sought to …
Published by Forbes.com | July 7, 2024 If you’re selling a property, you’ll want to evaluate the highest and best value, which can lead to the highest selling price. If you’re selling a property, one of the first questions you’ll want answered relates to the value of the property. When you know an estimate for …
FORBES: How To Determine The Highest And Best Value For Your Property Read More »
Published by FOX Business | July 10, 2024 American homeowners are sitting on a record $17 trillion in equity, yet the rapid rise in mortgage rates over the past two years has prevented many of them from tapping their equity in order to refinance. Data published Wednesday by the Mortgage Bankers Association (MBA) shows that …
Mortgage Refinance Falls Again, Despite Homeowners Sitting On $17T in Equity Read More »
Published by FOX Business | July 8, 2024 A Biden-Harris administration official rejected claims the new standards will further burden first-time homebuyers and families already facing record high prices. The Biden administration on Monday rejected claims from Congress and homebuilder groups that new energy efficiency standards for home construction will make a bad economic situation …
Biden’s New Home Construction Efficiency Rules Cause Outrage, Doubts Over Affordability Read More »
Published by REALTOR.com | June 29, 2024 Housing experts have been speculating that the laws of supply and demand may be finally catching up to market conditions. Some are forecasting a correction, or even a crash. It’s been about two years since mortgage rates hiked up, slamming the brakes on what had been a historically …
Published by REALTOR.com | July 3, 2024 Expenses associated with owning a home—including the mortgage, homeowners insurance, and real estate taxes—now take up 35.1% of a homeowner’s take-home pay Home affordability is at its lowest point since 2007, according to a new report from ATTOM Data Solutions. Expenses associated with owning a home—including the mortgage, …
Home Affordability Just Hit Its Lowest Point Since 2007 Read More »
Published by CNBC | June 25, 2024 The housing market is unlikely to recover for several years and affordability won’t get any better unless a recession hits, according to Bank of America economists. In a mostly pessimistic outlook on the sector, the bank sees a variety of factors lining up against both a major improvement …
BOA: Housing Market To Remain ‘Stuck’ Until At Least 2026 Read More »
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