Flipping homes is more popular than ever according to the U.S. Home Flipping Report from ATTOM Data who found that 323,465 single-family homes were flipped throughout the course of 2021, a number not seen since 2006 when 334,000 flips were ...
Read More »Median Home Listing Price Balloons to $405k
Another day, another housing record broken. Realtor.com has released new information showing that home prices have hit another record high—$405,000—for the first time in March 2022. But as prices rise, demand is beginning to moderate according to Realtor.com. In addition ...
Read More »Many Gen Zers, Millennials to Sell in Next Year
Buying a home and sticking to it is becoming a way of the past as more and more members of the Millennial generation and Generation Z who currently live in a home are planning to move in the next 12 ...
Read More »Homes Are Statistically More Affordable Than They Were in 2006
First American Financial Corporation has released its latest iteration of their Real House Price Index (RHPI) for January 2022, which measures the price changes of single-family properties across national, state, and metropolitan areas, which are adjusted based on income, interest ...
Read More »Outlook: Buyers and Inventory Will Return by 2024
Now is a great time to own a home, but not so much if you are trying to buy one. First-time buyers are fighting a war on multiple fronts, trying to balance rising home prices and interest rates with near ...
Read More »February Foreclosure Starts Dip Following Prior Month’s Spike
According to Black Knight's “first look” at February 2022 mortgage data, the January surge reversed course in February, but even the higher number still trailed pre-pandemic levels. Here's what else the data reveals
Read More »First-Time Buyers Continue to Feel Supply Chain Impact
As new home sales experienced a decline in February, the 20.4% rise in building materials year-over-year is being passed on to the consumer and pricing many out of the market.
Read More »Your Home Probably Earned More Than You Did Last Year
There Are 2,080 work hours in a year, assuming a standard 40-hour work week, and depending on your job, your earnings may vary widely. But according to Zillow, if you owned a home last year in a major metropolitan Area, ...
Read More »Military Conflict Complicates Fannie Mae’s Estimates
No matter what you call it, the conflict in Ukraine is creating worldwide macroeconomic events that will trickle down to every segment of the economy over the course of the year. Knowing this, the Economic and Strategic Research Group (ESR) at ...
Read More »Median Sale Price in February Hits $357,300
Continuing a pattern of recent rises and declines over the last few months, existing home sales dropped in February 2022 according to the Existing Home Sales Report from the National Association of Realtors (NAR). The NAR recorded a seasonally adjusted ...
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