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 up in 2021 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…
Canadian Federal Election Forecast Canada’s current Prime Minister Justin Trudeau made the decision to hold a Federal election during a 4th wave of the Covid 19 pandemic. It’s a strategy that may work because voters are voting for social programs, not candidates. A few days now before the election, it is neck and neck between…
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…
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…
How Does the 2022 Market Look? Most expert forecasts 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? After you see the reports from NAR, Zillow, S&P Corelogic, Goldman Sachs, and Freddie Mac, you might…
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…