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What was the turning point for home price growth?

Housing experts and historians looking to peg down exactly when the home market took its foot off the gas after a pandemic-fueled price hike spree, may want to circle April on their calendars. Home prices rose 2.1 percent in April, and were 20.4 p...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-30 10:03:29



Pending home sales increase in may after 6 months of decline

Pending home sales inched slightly higher in May, ending six straight months of declines, according to new data. Pending sales crept up 0.7 percent to 99.9 during May, but were down 13.6 percent from their May 2021 levels, according to data releas...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-29 11:20:15



What kind of property should you invest in: commercial or residential?

Real estate investing can be difficult to understand for those who are unfamiliar with it. What kind of property should you invest in? Which area of the country is performing the best? Are commercial properties more lucrative than residential propert...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-28 08:58:23



Home affordability declines to 15-year low, passing "inflection point" for buyers

Zillow has dropped its forecast for home-price growth over the next 12 months as buyers grapple with the most unaffordable landscape in at least 15 years. Monthly mortgage payments in April took up 28 percent of a recent homebuyer’s monthly inco...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-27 10:11:10



Existing-Home sales prices reach new record after topping $400k

Sales of existing homes fell for the fourth-straight month in May, according to data released Tuesday by the National Association of Realtors. Total sales of existing homes, condos, and co-ops dropped 3.4 percent between April and May nationwide t...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-24 09:40:35



What are the advantages of hardwood floors versus carpeting?

Before considering any of the cost, insulation, or safety factors, it’s necessary to note that the main difference between carpet and hardwood is the feeling of each and the appearance of each. Carpet is available in a wide variety of colors and te...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-23 09:37:58



Decline in builder confidence may be sign of slowing housing market

Builder confidence marked its sixth-straight month of declines in June as builders felt the effects the economic headwinds currently rocking the sector. Builder confidence fell 2 points in June to 67, marking the lowest reading since June 2020 as ...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-22 09:34:25



The biggest housing surprises of 2022 to date

At the outset of 2022, a group of forecasters at Realtor.com laid out their expectations for the year to come. Now, they’re taking a second look. The listing portal’s economists revisited their 2022 housing forecast this week, updating thei...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-21 09:38:55



New home buyers spend double on 1st-tear improvements: study

Buyers of newly built houses are even more likely to spend big on home improvements in their first year of ownership, according to data from the U.S. government’s Consumer Expenditure Survey. The National Association of Homebuilders crunched thi...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-20 17:38:20



Benefits of HOA Restrictive Covenants

If you live in a neighborhood with a homeowner’s association (HOA), you are probably subject to restrictions on how you can use or maintain your property. These restrictive covenants are generally designed to help keep home values high in your area...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-17 17:46:18



Raging national housing market shows signs of cooling off

The robust national housing market that has kept climbing over the past year is apparently starting to cool off to a more reasonable level, according to a market research firm. The most recent data shows that more than 20 percent of sellers ended up ...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-16 17:19:04



Bidding wars: common mistakes buyers make

Multiple offers on a home sale are still common, and buyers may get caught up in the competition and make some mistakes in the process. One common mistake: buyers who are willing to empty their bank account trying to win. “I’ve had buyers w...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-15 11:00:14



Shifting market will slow prices down, but not entirely

What’s going on with home prices right now? Though the real estate industry has been collectively holding its breath since the coronavirus pandemic started more than two years ago, a consensus has emerged this spring that the market is changing....

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-14 15:22:43



New home sales plummet as recession continues unabated

Sales of new homes in the U.S. plummeted last month at the same time mortgage interest rates began to rise. When you add this to skyrocketing prices on homes throughout the country, the market is feeling the beginning raindrops of recession, which th...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-13 18:05:40



Are government policies destroying home sales in america

High inflation and empty shelves are just two of the damaging results of the current administration in Washington, D.C. America is now a needy nation, compounded by the energy crisis, southern border invasion, high crime, and soft treatment of the wo...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-10 09:55:50



Billions in PPP loans went to real estate agents during pandemic

Some agents who thrived financially during the pandemic also had tens of thousands of dollars in COVID-19 relief loans forgiven, a new report finds. Real estate entities that said they had a single employee received $3.9 billion in loans through t...

Posted by: RE/MAX Masters Millennium
Category: Market Trend
Date: 2022-06-09 09:15:11



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