Why Are Home Prices so High?

Why Are Home Prices so High?

Why are Real Estate Prices so Persistently High? From the US to Canada and Australia, home prices are extremely high and they may not fall, according to housing experts. There is some outrage, but there’s little action about it, because people don’t know what’s causing the problem. So they remain quiet and frustrated. It’s understandable…

California Housing Market Update Predictions

California Housing Market Update Predictions

California Real Estate Market Forecast August 2022 saw buyers jump back into the California housing market to capitalize on some lower mortgage rates, however with the Fed rate hike, that brief interest rate respite may have ended. The demand raised sales and home prices temporarily, however pending sales are down 39.1% from last year. The…

Will The Housing Market Crash in 2023?

Will The Housing Market Crash in 2023?

Will the Housing Bubble to Burst in 2023? With inflation numbers soaring, GDP numbers falling, unemployment falling, and Fed interest rate hikes rocketing, there’s not too many positives for the US housing market forecast in 2023. Most housing market experts concur that prices could fall and there’s little reason to believe in a recovery in…

BackYard Offices

BackYard Offices

Work from Home Offices a Popular Solution The pandemic accelerated a national business and housing market trend that was already running hot in 2019 — working from home. The reality of working and living at home, and getting work done isn’t so simple however and there is a need for solutions. The backyard office is…

Housing Market Roundup!

Housing Market Roundup!

News Roundup for a wild Real Estate Market as we head toward 2023! The 2022 housing market rodeo isn’t over yet.  There’s a lot happening in US housing markets, and there’s plenty of uncertainty for homebuyers and home sellers, about where housing markets are heading in the next 12 months. It’s going to be a…

Homeowner Equity Rises

Homeowner Equity Rises

Homeowner Equity Looking Irresistible Corelogic, a provider of premium housing sales statistics reports that in the 2nd quarter of this year, homeowners with mortgages (63% of all properties) watched their equity grow by 29.3% year over year. Collectively, in the nation, it was an equity gain of over $2.9 trillion, and an average gain of…

New MLS Listings Grow

New MLS Listings Grow

Housing Supply – New Listings NAR reports a dip in new home listings this week, however in many cities, new listings were rising.  See NAR’s latest report below on those cities with the most new listings. New listings were up substantially this year vs last. In Florida in June, new listings rose 21% and in…

Will Home Prices Fall?

Will Home Prices Fall?

Will House and Condo Prices Fall? Hopeful home buyers are always asking, when will home prices drop throughout 2022 and into next year? Will we see house prices fall as frenzied buyers give up on their quest to find a house for sale? According to Redfin’s July 5th report, prices have dropped 2% in the…