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 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 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 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 Forbes.com | June 25, 2024 While buyers were debating the need for a 20% down payment, it jumped to 35.4% for a median-income household A 20% down payment has long been the gold standard when buying a home, although there are some myths, pros, and cons regarding that specific percentage. But now, according …
Why Many Home Buyers Now Need A $100,000-Plus Down Payment Read More »
Published by REALTOR.com | June 21, 2024 Much of this mass migration has to do with real estate prices, which have shot up astronomically in blue-state strongholds such as California and New York. America’s Republican-leaning red states are winning at drawing in new residents from blue states—but locals don’t like it one bit. The Republican …
Blue-State Residents Are Fleeing To Red States for Lower House Prices Read More »
Published by Forbes.com | June 18, 2024 Pairing low-income housing tax credits and historic tax credits could help generate a greater supply of affordable housing, particularly if younger buildings qualified as being historic In a report entitled “Affordable Housing and Historic Preservation,” the U.S. Department of Housing and Urban Development (HUD) and the Advisory Council …
Pairing Tax Credits To Help Create Affordable Housing Read More »
Published by Vox | June 13, 2024 A bold experiment to help tenants is advancing. DETROIT — The federal government is laying the groundwork for a potentially major change to the nation’s largest rental assistance program, aiming to test an idea that would allow low-income tenants to pay rent directly with cash, rather than use …
The Federal Government’s New Plan To (Maybe) Give Renters Straight Cash Read More »
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