Sales expected to drop to lowest level since 2008, and the growing lock-in effect — the financial disincentive to sell — ‘will remain in a way that has not occurred in over 40 years,’ economists say New markets require new approaches and tactics. Experts and industry leaders take the stage at Inman Connect New York … Read more
The share of first-time buyers fell to 26 percent, plummeting to the lowest level in four decades, when a real estate trade association began tracking such data. First-time home buyers with moderate incomes are being pushed out of the real estate market in droves by buyers who can pay in cash. American home buyers are … Read more
Just as you would research potential properties before purchase, take ample time to weigh the pros and cons of taking on a real estate investing partner. Second homes and investment properties fascinate investors. I’ll go deeper on everything from the latest at Airbnb and Vrbo to the changes investors are making to their portfolios in … Read more
A temporary buy-down provided by the seller allows the borrower to have more money available during the early years to handle furnishing and renovation costs. Higher mortgage rates — up nearly double over a year ago — cut into affordability and increase monthly payments for buyers. Rising rates are particularly challenging for buyers who may … Read more
In the year ahead, the housing market may be slow to start, with home prices, rents, inventory and interest rates not moving much at all, according to economists, analysts and real estate brokers. At the beginning of the pandemic, office workers were liberated from their commutes but found themselves stuck at home and hungering for … Read more
After hitting 2022 highs last week, a weak hiring report released Tuesday by the Bureau of Labor Statistics has been helping to bring mortgage rates back down Requests for home loans fell to the lowest level of the century last week as mortgage rates climbed to their highest level since 2006 and Hurricane Ian crushed … Read more
The impending quick reversal is mostly due to the recent surge in mortgage rates Housing prices are poised to correct. But even as they drift downward, they are highly unlikely to plummet. House prices have been on a tear the past decade. Since hitting bottom in the wake of the financial crisis and the housing … Read more
The impending quick reversal is mostly due to the recent surge in mortgage rates. Housing prices are poised to correct. But even as they drift downward, they are highly unlikely to plummet. House prices have been on a tear the past decade. Since hitting bottom in the wake of the financial crisis and the housing … Read more
Higher interest rates have changed the math on what was recently a straightforward decision, advisers say Quit your mortgage before you quit working. So goes the standard advice for those nearing retirement, but that might not be feasible for retirees who bought or refinanced homes later in life. Those who can afford to pay off … Read more
Get a detailed job description. If you’re hiring an architect or designer to monitor all or part of the project, that relationship should be described. Whether you have a crummy 1970s kitchen, a broken-down 1920s bathroom, want to add a room onto your cramped Craftsman bungalow or are thinking about tearing apart the entire joint … Read more
