If you haven’t already met, consider this your formal introduction to the 2023 Parade of Homes People’s Choice Luxury Home winner! The newly constructed bardominium in Elkhart, IN, received plenty of attention on social media, making it this week’s most popular listing on Realtor.com®. Available for $1.3 million, the modern-industrial build offers four bedrooms and…
Tag: home realtor
What Can We Expect for the Second Half of This Year?
The road to home ownership has been difficult for many Americans in the last few months. Sticky inflation, soaring rates, which in turn are translating into ballooning mortgage rates, and short supply have left many would-be homebuyers on the sidelines. Housing Market 2023: Prices Are Now So High That Banks Are Losing Money on Mortgages…
Why Millennials Are Struggling To Buy Homes, Explained By A Realtor
Today, everything from a movie ticket to college tuition is more expensive than it was a few decades ago. And the wages aren’t rising as fast as the prices. Freddie Smith, a realtor from Orlando, Florida, says this is especially visible in the housing sector. Earlier this month, Smith released a TikTok video where he…
Realtor.com Reports Weekly Active Inventory Down 2% YoY; New Listings Down 21% YoY
by Calculated Risk on 7/09/2023 08:12:00 AM Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from economist Danielle Hale: Weekly Housing Trends View — Data Week Ending July 1, 2023 • Active inventory declined, with for-sale homes lagging behind the year ago levels by 2%. As we…
US Housing Market Needs More Than 300,000 Affordable Homes for Middle-Income Buyers
WASHINGTON (June 8, 2023) – The US housing market is short of more than 300,000 affordable homes for middle-income buyers, according to a new analysis from the National Association of Realtors® and Realtor.com®. The country’s persistent housing inventory crunch impacts middle-income buyers more than any other income bracket. NAR and Realtor.com®’s housing affordability and supply…
HOW TO THRIVE IN A RECESSION
As we find ourselves on the brink of an economic downturn, it’s normal to be experiencing a little anxiety. The headlines are dominated by news of job losses, syndication deals not meeting projections, and businesses closing up shops, all painting a pretty grim picture of the financial landscape. The fear many have in times of…
Rattled housing market prompts reversal on 2023 forecasts with home prices and rents now expected to fall
Shutterstock Realtor.com has re-examined its prior housing predictions, and now expects a dip in prices and rents. But downgrading the 2023 outlook does not signal a major wave of relief. “Home costs are still going to be higher for buyers in 2023 because home price declines are very mild and not universal.” Realtor.com has re-examined…
Home prices are falling in these big Sun Belt cities, but don’t get too excited. Here’s why.
By Aarthi Swaminathan The median price of homes for sale is falling in several major metro areas, and hit $445,000 in June, Realtor.com says Home prices are falling in major cities in the Sun Belt, but don’t necessarily interpret that as a big opportunity to purchase a home. Nationwide, the median price of a home…
What to Expect in the Housing Market for the Rest of the Year
What a difference a few months can make in the housing market. Late last year when Realtor.com® issued its housing forecast for 2023, our economics team believed the number of homes for sale would substantially jump, home prices would continue to climb, and rising rents would continue to bedevil tenants across the country. Obviously, not…
The Simple Secret to Buying the Perfectly Imperfect House in Today’s Insane Market
How many “first dates” have you been on with homes you hoped to buy that ended up falling flat? The photos online looked good. On paper, the property had everything you need. But in person, you realize: No way. And at that price? Forget it. Welcome to the depressing reality of home shopping today. Low…