It seems that the Federal Emergency Management Agency Risk Rating 2.0, which is changing up where and how much people are being charged for flood insurance, is impacting Texas and Florida the hardest. FEMA’s Risk Rating 2.0 raises flood insurance ...
Read More »Supply Chain Issues Impeding Builder Progress
The sale of new homes dipped in March with builder confidence diminishing, as builders continued to struggle to complete homes under construction due to a shortage of materials.
Read More »Rent Prices Find New High in March
Increasing prices and pressures in the purchase market are creating more demand for rentals, pushing up rent prices to record levels.
Read More »Lawsuits Over Floorplans May Become Reality if Ruling Stands
The National Association of Realtors (NAR), among a group of 18 companies and organizations, is leading the charge against a recent court ruling that allows lawsuits to be brought against homeowners that use their own floor plan during the course ...
Read More »Another Strong Year Ahead?
First American Financial Corporation released First American’s proprietary Potential Home Sales Model (PHSM) for March 2022, showing that potential existing-home sales decreased to a 5.97 million seasonally adjusted annualized rate (SAAR) — a 3.2% month-over-month decrease. The market potential for ...
Read More »Early-Stage Homebuying Demand Beginning to Falter
It is no secret that the price of everything has been rising of late, and it seems that some of the pressure caused by inflation and rising interest rates is finally starting to trickle down to the housing market. According ...
Read More »Large Share of Buyers Migrating From Seattle to Phoenix
According to a new report from Redfin, a record 32.3% of its users nationwide looked to move to a different metro area in Q1 — up from 31.5% a year earlier, and up significantly from 26% in 2019. The share ...
Read More »Paying Down Debt or Making a Down Payment?
According to a new report from Redfin, roughly 32% of renters nationwide are doing so because they can’t afford to buy a home in the area they desire to live in — while 30% of renters are unable to save ...
Read More »Interest Wanes in Second Homes and Investment Properties
Rise in both mortgage rates and loan fees for second homes is driving down interest nationwide in vacation homes nationwide.
Read More »Bidding War Competition Heightens
Experts say bidding wars are likely to remain commonplace, as cash offers are becoming an effective strategy to buy a home with multiple offers.
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