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…
Tag: realtor
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…
The Sunk Cost Fallacy – Passive Income MD
None of us can be the hypothetical Homo Economicus who makes only rational decisions. Instead, we must contend with the sunk cost fallacy. Here’s all you need to know about it. PIMD welcomes the White Coat Investor. WCI is a physician-specific personal finance and investing website. The White Coat Investor can help you to become…
Realtor.com Reports Weekly Active Inventory Up 10% YoY; New Listings Down 22% YoY
by Calculated Risk on 6/15/2023 02:16:00 PM Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from economist Jiayi Xu: Weekly Housing Trends View — Data Week Ending June 10th, 2023 • Active inventory growth slowed again, with for-sale homes rising just 10% above one year ago. The…
Chiefs star Patrick Mahomes has put KC home up for sale. Take a look inside the house
A year ago, Chiefs quarterback Patrick Mahomes mentioned on a talk show that he was building a new home in Kansas City. The work must be finished at the new Casa Mahomes, because he has put his other home on the market. The three-bedroom, 3 1/2-bath house is 4,759 square feet and sits on a…
Actor Penn Badgley Looking To Flip Recently Purchased Catskills Home for $1.7M
Penn Badgleystar of Netflix’s “You,” already wants to unload the 10.5-acre, West Shokan, NY, home he bought for $1.6 million just last year. He had planned to use the place as a retreat for family and friends. Instead, he’s selling it for $1.7 million. The home was originally listed in April for $1.85 million. Badgley…
Realtor donation buys AED for Sunset Point Park
The machine will be the first outdoor public-access defibrillator in Collingwood, though there are other public-access machines indoors in town facilities An area realtor has donated an automated external defibrillator (AED) to the town for 24/7 public access at Sunset Point Park, it will be the first publicly accessible outdoor unit in Collingwood. The Town…
Sticker-Shocked, First-Time Homebuyers Just Got the Best News They’ve Heard in a Long Time
Millions of Americans would love to become homeowners—if they could only find an affordable home to purchase, that is. Cue the builders. After years of focusing on the more profitable move-ups, custom, and luxury homes, they are finally figuring out how to put up starter homes that first-time and other cash-strapped homebuyers can afford. “Buyers…
We’re entering a brutal new era for the housing market
With the benefit of hindsight, we now know the exact moment America’s housing market turned upside down.Arif Qazi / Insider If you don’t already own a home, you’re going to be screwed for years to come Attempting to time the housing market is a foolish pursuit. Sure, there are heaps of data, forecasts, and market…
‘Real Housewives of Beverly Hills’ Alum Diana Jenkins Lists Her Haute, Hidden Hills Home for $20.5M
Diana Jenkins from “Real Housewives of Beverly Hills” is selling her chic manse in Hidden Hills, CA, for $20.5 million. After her Season 12 debut on the show, Jenkins will not return for another season, as she focuses on her health and family. The entrepreneur and philanthropist purchased the place in 2021 for $13 million…