Ownership remains a goal for many, but ever since the pandemic arrived in early 2020 that goal has been made unattainable for far too many. Now add in the effects of inflation, skyrocketing interest rates, housing prices and affordability, and mortgage credit availability and this trend ha...
Hindsight is always 20/20, or so we’ve been told. Now that the utter chaos of the last 2.5 years in the housing market is for the most part behind us, now the “second guessing” begins. It’s estimated that around that 1 in 5 people moved since the beginning of the pandemic in ...
Sometimes in real estate, as in everyday life, there’s a phrase that gets used known as “unintended consequences”. In some cases, it can represent good news, but in just as many cases if not more, it’s not used for the better. According to real estate data and analytics giant...
Depending on where you live, the term “entry level” can mean different things to different people. Same thing with “affordable housing”, and sometimes those terms are mutually exclusive, and sometimes not. With the current economic conditions we’re facing, it’s safe to sa...
As the housing market looks forward to 2023 it seems that we're not going to have the same panacea that existed for 2021 and most of 2022. Inventory levels will be higher, properties will be on the market longer, and affordability will continue to have challenges and interest rates will contin...
Just like when Covid-19 emerged, speculation about the housing market came from all directions, and some were right, but most were wrong...really wrong. Now here we are in the face of the second year of four-decade high inflation numbers, the highest interest rates in 20 years, emerging from one o...
The Federal Housing Finance Agency (FHFA) has announced it will be increasing the Conforming Loan Limits for 2023 from $647,200 in 2022 to the new threshold of $726,200 for 2023 which represents just over a 12% increase. Further the limit for "High-Cost Areas" will rise by the same percentage ...
It's safe to say that in almost every real estate transaction you'll learn something new, whether you're the Buyer or the Seller. The accompanying article focuses on five different first-time Buyers and their important takeaways and advice from things they learned along the way. The easiest way fo...
Many cities and metros across the Country are beginning to see rental rates decline and availability rise. Let's not have a ticker-tape parade just yet, the declines have been modest in comparison to the double-digit increases year over year that had become customary, and the availability is g...
Regardless of where you are most agree that this coming winter is going to be especially tough when it comes to heating your home or place of business. The cost of energy, which is a key driver of inflation, and that very same inflation which is causing your cost of everyday items to rise is g...
Independent research firm Capital Economics sounds somewhat bearish on housing in 2023 according to a recent report. as we've noted earlier, the claims for prices vary from place to place and firm to firm, yet the prediction of an average of 8% in price decline in 2023 still leaves prices high...
Recent findings suggest that the salary requirements to afford a "typical home" (aka the median mortgage payment in 45 metros across the US) has gone up a staggering 45.6% from October 2021 to October 2022 according to a statistical analysis provided by online real estate giant Redfin. The rea...
Predictions are like opinions, everyone has one...and in many cases, both. One of the hot topics right now for which there is plenty of each to go around is that of housing prices when considered in the face of skyrocketing interest rates, crushing inflation, declining markets, low builder con...
How many times have you heard the saying "Real Estate is a tough business..."? Well, it seems that the old adage has claimed yet another victim in a relatively short period of market unrest. The latest among these casualties is Redfin, which is laying off about 862 employees or around 13...
Now that remote work has become part of our social fabric, being tied to a city or State for purely reasons of work are only a concern for some. as a result of this phenomenon, many people are free to move about the globe as they wish, so wouldn't it be cool if there were places that offered i...
If you've read anything on our website, and especially in our FAQ's section, you'll see we do things a little differently. First among them is your personal contact information. How's that different you ask? Simple. We don't want it, we don't need it, and we don't require it to use...
The last time we checked, houses were not made of money. Real estate and ownership of real estate remain a great vehicle to accumulate wealth, but like everything else today there is a great deal of information out there that may not be 100% accurate. When deciding to sell a home one of ...
Home building, affordable home building, innovative home building, and sustainable homebuilding had all seemed to have come together when the concept of 3D Printed home construction became a reality several years ago. For whatever reason these homes have not yet become an everyday occurrence, ...
Sometimes there's just no easy way to say something other than to just say it. Through the 12-month period ending June2022 marked the lowest percentage of First-Time Buyers since the National association of Realtors (NAR) began tracking such data slightly over 40 years ago. That figure d...
Despite the fact that the iBuying model was one we knew to face unique challenges from the outset, it saddens us to hear that "proptech" giant Opendoor® announced it will lay off another 550 workers, or about 18% of its' workforce due to the real estate downturn. This is in addition to t...