Dreaming of a Housing Market Crash? As the FED pushes the envelope on interest rate and mortgage rate rises, many buyer prospects continue to hope for a housing market correction with lower prices. Well okay, they would prefer an outright crash. Because prices are unreachable no matter what mortgage rates are. And it will take…
Florida Real Estate Market Despite high rising mortgage rates for the last year, home sales in Florida have been relatively strong. Florida home prices too have risen to record heights. In July however, the Fed rate rises are beginning to take a bite out of the Florida housing market. Both Florida Realtors and Redfin report…
Los Angeles Housing Market June’s sales data for the Los Angeles housing market doesn’t really tell us anything new, however prices jumped in June which may lead us to believe the market has some health. The exodus of people and businesses have hurt the LA economy, yet as interest rates drop, that trend may stop…
California Real Estate Market Forecast It might be more difficult to characterize and explain California’s dynamic yet troubled housing market than other states. While the overall housing market here has its medians and averages, and has been injured by the FED interest rate hikes more than other states, the real story is seen when drilling…
Are People Still Leaving California? It sounds inconceivable to many of us who grew up with powerful images of the state of California with its wealth, beaches, mountains, and beautiful climate, that everyone there might want to get out. Yes, more polls suggest Californians are fed up with how their society and government are run…
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…
Oregon Housing Market The beautiful state of Oregon is a desirable destination for many Americans, even California expats, for jobs in technology and for living in its natural splendor. The title graphic above attests to its astonishing natural beauty with mountain vistas, spectacular rivers and waterfalls, and magnificent nature trails that attract tourists from around…
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…
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…
Mississauga Housing Market The story of residential real estate in the Mississauga/Milton/Oakville region is one seen across Canada as higher mortgage rates are pricing a growing number of buyers out of the market. And with a ban on foreign purchases of property, the Mississauga buyer market profile has changed greatly. Canadian buyers struggle to find…
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…
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…
Vancouver Housing Market Update and Forecast Vancouver has built its reputation as one of the most beautiful cities and locations in the world. The modernization of the city, incredible mountain vistas, moderate climate with a surprising amount of yearly sunny days, high tech center growth, tourism and neighboring mountain recreation areas makes this area a…
Florida Housing Supply Dries Up The Florida housing market remains one of the hottest housing markets in 2022 despite a continually diminished listings of Florida homes for sale. The lack of housing construction is a topic I’ve been writing about for years. It’s due to government policies (NIMBY) resistance to new housing development and it’s…
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,…
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…
Calgary Housing Market and Update The residential real estate market across Calgary is similar to most housing markets including Toronto, Mississauga, Vancouver, Kelowna and Montreal. Housing sales in the last 13 months, and in particular the first half of this year were up sharply. The question is whether sales and prices will continue rising or…