California Real Estate Market Forecast The California Association of Realtors in its April housing market report shows home sales dropped while average prices rose above $800,000 for the first time since last October. What’s dictating prices and sales is rising mortgage rates and fewer homebuyers willing to sell. The US economic environment isn’t positive and…
Ontario’s New Housing Growth Bill — The End of the NIMBYs People across the US and Canada have been suffering through a nightmare without complaint for too long. That nightmare is ridiculously high home prices and rent prices, painful taxes, and a severe lack of housing stock. The high prices are creating a host of…
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. In fact, 2024 is likely to see more home price growth. There is some outrage, but there’s little action about it, because people don’t know what’s…
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…
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…
House Features Most Wanted Today What are buyers wanting in their next home this year? It’s an interesting mix of features, yet are these features you’d be willing to upgrade for to sell your home at a higher price? NAHB conducted a survey of new home buyers about what they were looking for in a…
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…
What’s the Outlook for the Housing Market? Most expert forecasts for the housing are calling for moderation in home prices beginning now and into 2022 and 2023. But are they just trying to talk down what is a very hot housing market? In one controversial poll by Reuters, Mark Vitner, senior economist at Wells Fargo…
Are California Home Prices Going to Rise? 2021 was a pretty good year for the California’s housing market with big sales numbers and rising prices even as the supply of homes receded by a third. Each year, seemingly fewer houses are available. The allure of the Golden State has always been too much to resist,…
Are Homeowners Getting Ready to Sell? A new study of 2583 consumers and their sentiment by Harris Pollsters suggests more homeowners are readying to sell their homes. They’re feeling they can take advantage of a hot real estate market before prices fall and want to sell in the next 6 months. They found sellers actually…
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…
Is There Any Chance Home Prices will Fall? The top question from buyers isn’t about how to save and qualify for a home mortgage, or how to win a bidding war, or how to choose a Real estate agent. The top question asked is “when will home prices fall?” The rationale is simple. They want…
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…
Don’t Expect a Buyer’s Market in 2022 Without much support, other than cheap interest rates, the US housing market has soared for more than a decade, including the ultra rapid price rise in the last year. It’s made a few very wealthy and a lot of Realtors, home sellers, real estate investors, and rental housing…
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…
Mortgage Stress Test Rules The Canadian government is under pressure to do something about the soaring prices of houses in Canada. To release some of that pressure on itself, the government is replaying an old trick at an opportune moment — to capitalize on the current temporary downtrend in home prices. The Liberal government is…
Dallas Housing Trends So much has gone in Texas in the last year, yet as the pandemic misery recedes, we’re in for more change in 2021 and 2022. Texas overall is perhaps the hottest housing market in the US, is looking very good despite what Biden is doing with oil and at the border. With…
Denver Colorado Housing Market Denver’s residential real estate market outlook is very typical of any US housing market. Yet migration trends in the last 14 months are making Colorado cities some of the hottest real estate markets this spring. It’s good news for buyers in the Denver region, as active listings are growing. The latest…
Philadelphia Housing Market For real estate investors and homebuyers, the Philadelphia regional market has a lot to like. Kiplinger in fact, rated this city as one of the best places to retire. Homes are affordable compared other major cities. Prices are rising, however homes only on the market for 63 days according to NAR. Just…
Atlanta Housing Market Report Atlanta was ranked 18th of the nation’s major housing markets for price growth in February, but in March home prices jumped almost 16% year over year, showing Atlanta’s real estate scene is coming alive. Atlanta Realtors Association reports a solid month for residential home sales via the MLS. Remax has slightly…