Home Buyers Rushed In as Mortgage Rates Rose, Boosting Housing Prices Across U.S. Home prices continued to surge in virtually every corner of the U.S. during the first quarter as mortgage rates rose rapidly, according to a Tuesday report from the National Association of Realtors. Many buyers rushed to lock in purchases in the first quarter before rates […]
Most and Least Expensive States To Live In Thinking about your next big move? Choosing a place to live is a highly personal decision, and there are a lot of factors that go into it besides purely financial ones. For example, maybe you live in a place with a high cost of living, but you’re […]
Fed Chair Powell notes ‘highly uncertain’ Ukraine impact, but says rate hikes are still coming Federal Reserve Chairman Jerome Powell still sees interest rate hikes coming, but noted Wednesday that the Russia-Ukraine war has injected uncertainty into the outlook. Powell said he sees a series of quarter-percentage-point increases coming, though he left open the possibility […]
Last Year’s Housing Market Was a Wild Ride… Here’s What to Expect in 2022 The US housing market has had a white hot year. Home sales are on track to reach the highest level in 15 years, with an estimated 6 million homes sold in 2021. But whether you benefited from this surge depended a lot […]
Where the Housing Market Is Going in 2022 As Told by 7 Leading Forecast Models A perfect storm. That’s the best way to describe the red-hot housing market we’ve seen from coast-to-coast during the pandemic. It was spurred by a combination of recession-induced low mortgage rates, remote work allowing buyers to sprawl further away from […]
Zillow’s home-buying debacle shows how hard it is to use AI to value real estate In February, Zillow appeared so confident in its ability to use artificial intelligence to estimate the value of homes that it announced a new option: for certain homes, its so-called “Zestimate” would also represent an initial cash offer from the company to purchase […]
Why Is the U.S. Housing Market So Out of Whack? What Homebuyers Need To Know Right Now There’s never been a housing market quite like this before. Today’s real estate agents are pulling double duty as therapists, consoling heartbroken homebuyers who lost out on their fifth-or 15th-home. First-time homebuyers around the country are being outbid […]
Will The Housing Market Cool Off This Fall? Today’s hot housing market is one of the peculiar outcrops of the pandemic. Housing supply was already low before Covid-19, but it was further hampered as lockdowns took place and people began looking for new homes, driven by a host of reasons-from the desire to leave populated […]
Foreign Buyers Spent $20 Billion Less on U.S. Real Estate Travel restrictions associated with the coronavirus kept many foreign would-be buyers out of the U.S. last year – and that kept billions of their dollars out of the housing market. Home purchases by international buyers and recent immigrants plummeted 33% from the previous year, according to […]
Why You Need To Know About ‘Pocket Listings’ in an Increasingly Competitive Real Estate Market Some of the most exclusive real estate properties never hit the open market. Instead, sellers will only solicit offers from a select group of buyers through what’s known as a “pocket listing.” This practice is nothing new. But in a […]
