Are You Ready for 2026? With home sales sagging to record lows this year, some Realtors might have trouble visualizing sales success for themselves. But like it is in any industry, where the mind goes, performance flows. It’s time to get ready. There’s so much pessimism saturating the real estate sector (e.g., Florida) that Realtors…
Home Buyer Traffic Falls along with Builder Sentiment NAHB reports a decline in homebuilder sentiment and they cite high mortgage rates, economic uncertainty and import tariff wars as the cause. The builder sentiment survey showed a decline of 2 points to 32, the 3rd lowest point in 10 years, and only the second decline since…
First-Time Buyers Average Age a Troubling Statistic Stats from NAR shows the age of first-time homebuyers keeps rising. Yes, it’s a problem. The stat actually reflects the greater problems of the economy and the population, that life is becoming unaffordable for most, and that few politicians and corporations are willing to do anything about it….
20 Cities that Could Thrive in the Years Ahead We’re less than 3 months into the Trump Presidency, and with the crazy vacillation of the stock market today and yesterday, Americans are confused about whether the plan will be successful. The tumult of the change is making everyone stay put and reduce spending. Yet, we…
How Will Tariffs Affect the US Housing Market As we head into the spring buying season, buyers and sellers are confused and curious about the effect of Trump’s import tariffs and how it will play out. Aside from potential higher building costs are a host of other factors that are discussed below. It’s not an…
Should Canadian Homeowners Sell Their House Now? It’s rarely an easy decision to sell one’s home, but there are times when it could be the wisest decision. And thinking about it is also wise, to get over inertia, get a valuation price on your home from a Realtor, and being prepared for the tough road…
Is President Trump Trying to Crash the Stock Market? 🎢The themed wild roller coaster ride called Mr. Trump’s Wild Tariff Ride is providing lots of thrills and spills for the globe. I wonder if Disney or 6 Flags are designing a roller coaster in his honor, perhaps one that stops and goes backward? In the…
Housing Market Update for Colorado Springs, CO How does the housing market look in Colorado Springs? Take a look at why homebuyers are so eager to own a home in this amazing city. View the recent home sales trends including prices, new listings, and more. Median House Price Price Growth Days on Market Growth $450,000…
Trending Cities and Opportunities in Rental Housing Investment A discussion of investing in rental housing is still an important one today. Investing in real property has rarely been a bad idea. Knowledgeble about trending factors in demographics, local economies, wages and employment stats, you’re ready to choose properties in the cities and towns you like…
Toronto Housing Market Bubble Torontonians have that sinking feeling, with highly indebted home owners and credit leveraged consumers facing something truly unpleasant. If the regular challenges of homeowners aren’t enough, the Trump tariffs starting today, deliver big implications for Toronto’s housing scene. Any retaliation from Premier Ford and Justin Trudeau, sends the damage into overdrive….
Should You Move to Calgary Alberta? Long ago, I faced this decision about whether to make a long scary journey to access the great employment opportunity in Alberta. I decided to move to Calgary. It was an eye-opening, exciting move and I found it much easier to find employment and enjoyed short commutes. The photo…
US Homeowners Facing a Home Insurance Crisis The wildfires in Malibu and Pacific Palisades communities of Los Angeles are the latest threat to the home insurance sector across America. The situation is well-documented yet reports don’t always cite the real underlying causes of the high cost. Hurricanes can’t be prevented of course, but the situation…
Canadian Waterbombers Helping California’s Fire Crisis The latest California fires have raised the cost of poor forest and land management practices by the Newsome Democrat government to heights no one could foresee. The Golden State is being humbled by extreme weather conditions and poor land management and unwise spending. It’s creating the setting for the…
York Region Radar Cameras Outrage Over Capricious Use of Photo Radar System for Revenue Generation York Region is in financial trouble. In the midst of challenging financial times for tax payers, York Region’s board of directors and councillors are making life really tough for constituents. Spending as we see below is out of control, not…
US Inflation Forecast 2025 & Next 5 Years As President Trump readies for his Presidential inauguration in one week, is there a problem lurking that could undermine his agenda for reviving America? Americans are enjoying a strong economy, great jobs market, and many are looking forward to the next 5 years as a golden era…
Ia a Buyer’s Market Shaping Up in 2025? Time passes and with each political, economic and business trend, the housing market is impacted. From Florida to Dallas to Denver and Los Angeles, we’re seeing a big growth in home listings. It’s giving optimism to buyers about their dream to own a home and begin accumulating…
Will Home Prices Fall? Renters have been hoping and praying for an ease in rent prices across the country for many years. Unfortunately for renters, rent prices are forecasted to rise over 2025/2026. The reason for this is the positive economic outlook with the incoming Trump administration. Stronger employment and wages, more consumer spending, lower…
Where is the Housing Market Headed Now? Last month, Lawrence Yun, NAR’s chief economist held a conference to discuss the direction of the housing market. It’s good timing because this extreme conversion in US government philosophy is giving housing market forecasters big headaches. Which way will the US economy and housing market go? Zillow’s senior economist…
Finding Houses for Sale Finding a home for sale today isn’t easy. The shortage of single-detached homes in most of the country makes your search frustrating and a Realtor’s job tough if they take the project on. You’ll be paying them 2 to 3% commission on the price of the property, so you’ll want to…
Sales Growth in the California Housing Market When home supply dips below 5 months inventory, it’s said to be a sellers market. In California in July, home inventory hit 2.9 months supply, up from 2.5 months last July, making the Golden State clearly a long way from being a buyer’s market. Despite intense demand, unsold…
US Home Foreclosures Take an Upturn in July Tens of millions of Americans financed or refinanced their homes during the Covid Pandemic downturn. And this year and next, they’ll be forced to renew at much higher lending rates. It’s expected to be only a small factor in the 5 year housing market outlook, and likely…
Should You Buy a Home Now? Buying a house in 2024/2025 is no easy decision. And there’s a few who might tell you “Are you Crazy?” The economic and financial markets are in turmoil with confusing news and signals. Volatility is a warning. Even the housing experts are confounded about what’s going to take place…
When Will the Housing Market Unfreeze? Buyers can’t buy, sellers can’t sell. And this agony for buyers might not be eased within the next 12 months. Buyers/sellers, mortgage agents and Realtors all wonder when rates and home prices will fall. When will it all end? There’s a glimmer of hope that spring or H2 of…
Hottest Housing Markets 2024 NAR has released its new list of the hottest housing markets across the US and it’s a wild collection of hard-to-figure-out locations. When’s the last time Buffalo, Cleveland and Cincinnati topped the most desirable housing markets in America? The hottest list this spring gives us a strong hint about the desperation…
Are Homeowners Getting Ready to Sell? While a few more buyers are able to buy a home, given savings and improving incomes are sellers willing and able to sell their homes? Buyers aren’t sure whether home prices will rise or fall this year, even if experts predict price rises. For sure, listings are up and…
Are Home Prices Going to Rise or Fall? The February housing market reports from Redfin, Zillow and NAR shows home prices are rising. Other reports show buyers are optimistic about buying, perhaps in 2024. And housing supply is growing via new construction and more resale homes being listed. If mortgage rates were to fall 1%,…
Zillow’s Hottest Cities List According to Zillow’s latest report on home prices, cities in the upper midwest accounted for 6 of the 7 cities with the largest home price gains in May. They found that Columbus, Cincinnati, Detroit, Richmond and Milwaukee saw the highest price gains. West Coast cities bucked their losing trend in home…
Redfin: Number of Home Listings Drops Again According to Redfin’s latest residential US housing market report, the number of homes listed for sale in May dropped to a new record low. In a post by Lily Katz, the real estate company indicated the lower volume listed is due to high prices and borrowers who are…
Are Home Prices About to Rocket? Everyone is waiting for interest rates to fall. That’s because those rates are what’s stopping the housing market specifically. High rates harm a lot of industries, but real estate is worst hit. It will recover quickly when rates go down. It’s those unwelcome interest rates that are preventing most…
The Rolling Question of a Housing Market Downturn Another year has passed, with buyers and sellers asking whether the housing market could crash? Would that be a good event for buyers, the homeless, and as a launch pad for a 2024 housing market resurgence? There are economists and housing market experts who extoll the…
Could the Housing Market Crash or at least Turn Down Hard? There are plenty of homebuyers still wondering when home prices might fall back to affordable levels. And too, they ask if a housing market crash is possible. Most economists and housing experts of recent believe there won’t be a crash. If terrible things were…
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…
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…
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,…
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…
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 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…