Mortgages and house prices in the US: which is better in 2022, buying or renting, according to experts?
The pandemic has brought about some very unique economic circumstances which could have huge ramifications for people considering moving house this year. The economic recovery has triggered a spell of high inflation which is hurting consumers’ buying power. The United States’ housing market is currently in a state of flux, with house prices sky-rocketing, high […]
Waiting on the Housing Market to Crash? Don’t, Experts Say. Here’s How Today’s Market Is Different From the Great Recession Housing Bubble
Home prices are higher than they’ve ever been, and they show no signs of stopping. The median U.S. home listing price was $405,000 in March 2022, the first time it’s broken the $400,000 price threshold, according to data from Realtor.com. That is an increase of 26.5% over two years. Homebuyers might see similarities between what’s […]
Could Renting Be Your Best Option? The Answer May Surprise You
In 2021 the average rent increase for apartments, duplexes and single-family dwellings was a whopping 14% and even double or more than that amount in the hottest markets…Austin, Texas went up a jaw dropping 40%. Prior to that, from 2017-2019, the average rent increase hovered around 3.4%. Unfortunately, industry professionals say we should prepare for […]
6 Reasons Why This Is Actually the Best Time in Years To Sell a House
Talk about a strange summer. Between the continued threat of the novel coronavirus, a wobbly economy, and layoffs happening left and right, it’s no surprise that many who may have hoped to sell their home this season are wondering whether to put those plans on hold—or they’ve already thrown in the towel. Such hesitancy is […]
U.S. house prices to rise another 10% this year
U.S. house prices are set to climb in double digits this year even as the Federal Reserve embarks on its expected series of interest rate hikes, according to a Reuters poll of property analysts who forecast a sellers’ market for another two years. Record low interest rates and a scarcity of homes to buy, combined […]
PLANNING ON SELLING?
Planning to sell your home this spring? While this winter is expected to bring a record-breaking number of buyers to the market, spring will bring more inventory and more competition. Why wait until just before your home goes on the market to prepare it? There are plenty of things you can do right now that […]
Renters Across US Face Sharp Increases – Averaging Up To 40% In Some Cities
Americans face having to move or pay much bigger slice of income to stay in their homes as prices outstrip wages. Rental prices across America have soared over the past year, with some cities experiencing average price hikes of up to 40%, leaving many renters stunned and grappling with either having to move to be […]
Demand for vacation homes now outpacing primary homes: Redfin
Vacation-home demand is the highest it’s been in a year and just below a record 90% gain in demand tallied in September 2020, according to data released Thursday by Redfin. Well-to-do Americans are still scrambling to find a home-away-from-home two years into the pandemic, propelling second-home demand 87 percent over pre-pandemic levels, according to data […]
Florida Home Listed For $650K In Proof-Of-Concept Crypto Auction
Ownership of the home will be transferred using a unique blockchain token — known as an NFT — that can be held in a crypto wallet. An international property startup is launching a way to store U.S. home titles in a crypto wallet in the hopes that this process can be scaled to drive a […]
What crypto, NFTs and the rest mean for real estate
Where will you live when we’re all in the metaverse? Putting the ‘real’ back in real estate. Real estate agents are selling property in the metaverse. Buyers are purchasing traditional homes with cryptocurrency. Companies are creating non-fungible tokens (NFTs) as digital titles for real properties. How can you wrap your head around all of these […]
Out-of-towners are causing home prices to soar in relocation hotspots
Prices are up as high as 30% in some relocation hotspots across the Sun Belt, where 9 of the 10 most popular US relocation destinations are, according to a report from Redfin released Monday. With continuous remote work and low mortgage rates spurring a migration of white-collar workers to warmer parts of the country, housing […]
Sorry to burst your bubble, but we’re not in one, housing experts say
Today’s rising home prices and a persistent seller’s market differ from the 2007 housing bubble in a few key ways, economists told Inman. In short, don’t expect bubbles bursting anytime soon. Historically low inventory leading buyers to make rushed decisions. Bidding wars helping push up record high housing prices. Many in the nation’s largest homebuying […]