Sourced By: Go Banking Rates  Approximately 12% of people are planning to buy a house this year — which admittedly isn’t a lot — according to a recent GOBankingRates survey. One of the leading causes holding 27.19% of potential buyers back is an inability to find a house they like in their price ran

Sourced By: ABC 15 Arizona  While prices have declined slightly, interest rates are driving up the cost of home ownership.   The median list price for a home in the United States dropped last month compared to a year ago, albeit only slightly at 0.9%. This is according toRealtor.com’s latest report,

Sourced By: Daily Independent  A Dandelion Energy employee sprays excess groundwater back on the lawn during installation of a geothermal heat pump system at a home in White Plains, N.Y., Monday, May 8, 2023. A water-filled loop is installed several hundred feet deep in the yard to either carry heat

Sourced By: Tucson.com  When Maggie moved to Las Vegas from Michigan with her family and bought a house in December of 2020, interest rates were incredibly low. “I think we got an interest rate at (2 or 2.2) percent,” she said about the $396,000 house she and her husband bought in the northwest Vega

Sourced By: abc15 Arizona  When it comes to selling a home, how fast it sells and how much you can get for it often depends on the home’s style and what region you live in. Using data from the real estate website Zillow, Five Star Painting, a national painting contractor service, crunched the number

By: Yahoo! finance  A surprising shift has happened in homebuying recently. Not only has the housing market gone through enormous changes, but an entire generation is reshaping when and if they buy real estate. Multiple studies show millennials are not buying homes as quickly as their generational p

1. Mortgage Rates While mortgage rates are higher than they were a year ago, they’ve hovered primarily between 6% and 7% for nearly eight months now (see graph below): As the graph shows, mortgage rates have experienced some volatility during that time. And even a small change in mortgage rates impa

Thinking about selling your house? If you’ve been waiting for the right time, it could be now while the supply of homes for sale is so low. HousingWire shares: “. . . the big question is whether we are finally starting to see the seasonal spring increase in inventory. The answer is no, because activ

By: ABC15 Arizona  Victoria Kent bought her first home in Chicago in the summer of 2019. She’s one of 10.7 million women in the country with homeownership in their own name.  "It was a really proud moment to do it on my own," Kent said. "It seemed like the right time to do it, even though it was ver

By: AZ Big Media  The rental market slowdown is now here. What’s next for owners and operators? And what are the rental market trends to watch this year? With softening market conditions, multifamily owners and operators are under pressure to maintain occupancy and generate demand. Here are the majo

Some Highlights   The biggest challenge in the housing market is how few houses there are for sale compared to the number of people who want to buy. The number of homes for sale is up from last year but below pre-pandemic numbers, and that means we’re still in a sellers’ market. The housing market n

Here’s a great way to think about them before you begin: Must-Haves – If a house doesn’t have these features, it won’t work for you and your lifestyle. Nice-To-Haves – These are features you’d love to have but can live without. Nice-to-haves aren’t dealbreakers, but if you find a home that hits all

Homeownership can be life changing no matter who you are. Let’s connect today to talk about your goals in the housing market.

By: AZ Big Media  Home prices nationally should bottom out in 2023 then return to a more normal growth rate, according to a Zillow survey of housing experts.  Economists and housing experts polled in the latest Zillow Home Price Expectation (ZHPE) survey expect home prices to fall 1.6% through Dec.

By: TDPel Media  The Manhattan loft where actor Heath Ledger passed away 15 years ago has been sold for $14.25 million in an off-market deal. Located at 419-421 Broome St. in Soho, Ledger had rented the 4,400-plus-square-foot unit for around $25,000 per month. The home, which was sold to an anonymou

By: realtor.com As higher mortgage rates have made buying a home ever more expensive, the pool of buyers who can afford to purchase real estate has dried up. Nationally, the number of existing-home sales plummeted 36% in November compared with a year earlier, according to a Realtor.com® analysis of

By: Yahoo! news  Real estate agents confirm what housing data is starting to show: More homebuyers are emerging from their self-imposed hibernation. The volume of mortgage applications for home purchases rose 25% week over week, the Mortgage Bankers Association(MBA) survey for the week ending Jan. 1

By: Keeping Current Matters  Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power

By: Keeping Current Matters  One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: “In a preapproval [sic], the lender tells you which

By: The New York Times  The biggest barrier to homeownership for many prospective buyers isn’t the monthly mortgage bill, but the steep down payment. The 20 percent required to qualify for a typical mortgage for a median-price home in the United States (roughly $455,000) comes to about $91,000 — a f