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…
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…
Housing Metros Likely to Crash As the US moves toward the end of the Covid pandemic, flush with cash from stimulus bailouts and payments, it’s hard to imagine a risk for a housing market crash. But it’s not right now, or even 2021 that is the real risk. It’s the pressure of a housing bubble…
Canadian Real Estate Market Forecast Just like the US housing market, the real estate market in Canada showed remarkable strength in 2020. The Canadian benchmark price increased 8.5% last year, almost five times the rate of 1.8% in 2019. And forecasts for 2021 reflect a continued trend of high prices driven by low mortgage rates,…
Is the Housing Market Recovering? The housing market in 2020 took at sharp hit when the Covid 19 disease came ashore in the US. But this steep drop had to be followed by a sharp uptick at some point and it looks like it’s in full swing now. So what does a post Corona Virus…
Is Canadian Real Estate in for a Big Price Drop? Even in the wake of the deadliest health epidemic of the last century, the Toronto housing market and Vancouver housing market did not crash. And if China had not released its deadly disease, the housing markets would have been roaring right now. It’s like science…
The Big Migration: Home Buyers Looking in Rural Areas One definitive trend happening in US housing markets recently is a migration of people from congested urban areas to the burbs and rural regions. Home buyers could be looking to buy houses in quieter remote towns away from expensive big cities. The best cities to buy…
Illinois and Greater Metro Chicago Real Estate The months of January and February revealed the Illinois housing market and especially Metro Chicago housing market performed much better. 2020 was starting in a promising rising direction with upward projections for the next 3 months. Now with the Covid 19 work shutdown, is Metro Chicago and Illinois…
Housing Affordability at Its Lowest Ever A lack of affordable housing in North America is a disgrace. Despite a booming US economy and glowing jobs report, flourishing housing market, affordable housing and homelessness are decades long issues governments can’t seem to solve. Look at this issue with more depth and concern, you soon discover that housing sales, home…
Housing Prices Dropping Nationwide Everyone knows home prices and condo prices are falling right now, but no one is reporting data on the rapid decline. One recent unofficial report was a 10% decline recently, but that’s before the state of emergency. The Corona Virus Pandemic was sudden and it’s beginning to take its toll on…
China Housing Bubble About to Collapse? American’s are enjoying good economic times again and although the road to health and prosperity will have some bumps, the motion is set. The United States is the envy of the world again. On January 1st, 2019 (25% tariff), imports to the US didn’t drop much but the IRS…
A Stable Optimistic Outlook for Housing for Next 3 to 5 Years What about the housing market forecast for 2020? Buyers and sellers are looking for solid reliable predictions of home prices nationally and local forecasts their respective cities before they make their big decision. This big picture guide should answer your pressing question, and…
Studying in Canada? Off Campus or On Campus Housing Options Canada is quickly becoming the preferred choice for obtaining a Western education, for students and their parents across the globe. One superb choice for living and studying are hotel style housing in Vancouver, Richmond and Burnaby. Within a few years, some 450,000 students will be…
How Does Making 71% Profit on the Sale of Your Home Sound? A new report from ATTOM Data Solutions shows that homeowners across the US are receiving a huge winfall from selling their homes in 2017. The City with the best ROI? It was San Francisco which returned a whopping 71% profit for home sellers, or…
Foreign Buyers Not Driving Up Prices in Toronto A Toronto Real Estate Board investigation concluded that foreign buyers play a minimal role in Toronto house prices and availability. 3 key findings counter the Wynne government’s insistence that Foreign buyers and house flippers are ruining the housing market. The report may indicate how government officials haven’t been honest to the…
Toronto Condos – Still a Smart Investment? The Toronto Condo Market couldn’t be more difficult to comprehend right now after the Liberal’s pushed their unwise Foreign buyers tax and rent controls. With availability of condos squeezed, prices in Toronto rose to record levels. What will happen this year and 2018 in Toronto’s condo market? Toronto…
Foreign Buyer Tax Didn’t Help Housing Crisis As Ontario Premier Kathleen Wynne announced the new Foreign Buyers Tax in Toronto, she ignored recent stats that showed Vancouver’s use of the money grabbing tax was wearing off. Doug Ford has just picked up the old torch and kept carrying it. Any kind of tax can hurt…