Some are concerned by the rapid price appreciation we’ve experienced over the last year. Today, prices are driven by the simple concept of supply and demand.
Some question American confidence in real estate as a good long-term investment right now. They fear that the build-up in home values may be mirroring what happened right before the housing crash a little more than a decade ago.
We can see that homes are more affordable now than they’ve been at any point since the housing crash when distressed properties (foreclosures and short sales) dominated the market.
The U.S. housing market is almost 4 million single family homes below what is needed to meet the current level of demand.
There are more homes expected to hit the market later this year. Let’s break down the three key places they’ll likely come from as 2021 continues on.
In today’s housing market, it seems harder than ever to find a home to buy. Experts consider this to be the biggest challenge facing an otherwise hot market while buyers continue to compete for homes.
The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates.
A lot of homeowners are wondering if this really is the right time to sell their house. It is a great time to take advantage of sky-high demand, low supply, and fierce buyer competition.
Whether you’re looking for your first home or you’ve purchased one before, you most likely don’t need to put 20% down.
The housing market has remained a strong pillar in an otherwise tumultuous economic year. A sharp rise in demand, spurred by record-low interest rates, continues to bolster homeowner equity.
The number one factor impacting today’s homebuying affordability is record-low mortgage rates. There’s no doubt that prices are on the rise. However, mortgage rates have fallen dramatically.
In today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range.
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