Housing Wire
Will home prices continue to grow in 2024?
A few months ago I published a video where we asked, “How much will home prices gain by the end of the year?” Using a headline like that should come with a trigger warning. We […]
Home
Housing
Report: 44% of all Single-Family Home Purchases were by Private Equity Firms in 2023
Private equity firms have been making significant inroads into the residential property market, a trend that has led to some shocking statistics. https://www.nar.realtor/sites/default/files/documents/2023-home-buyers-and-sellers-generational-trends-report-03-28-2023.pdf According to a study by Business Insider, during the third quarter, these […]
Weely Real Estate News
Study: Americans Spent an Average of $13K on Home Repairs and Renovations This Year
Americans spent an average of $13,667 on home improvement, home maintenance and emergency repairs this year, a 6% increase compared to 2022, across an average of roughly 11 projects. According to the 2023 State of Home […]
New York Post
Neighbors shocked this home where grisly murder-suicide happened sells days after listing
People are shocked that a home that was the site of a grisly murder-suicide last year has already landed a buyer — and only days after it listed for sale. On Dec. 2, 2022, just […]
Housing Wire
High mortgage rates sideline homeowners from tapping home equity: ICE
Rising home prices have pushed the third quarter’s tappable home equity amount near its 2022 peak, but interest rates are making homeowners reluctant to extract that wealth. Mortgage holders withdrew a mere 0.41% of tappable […]
Housing Wire
Educate your clients on down payment assistance programs
A typical 20% down payment on a home in a U.S. metropolitan area costs $80,250, based on the median price of a single-family home of $402,600 in the second quarter of 2023. However, for many […]
Mortage News
New Home Sales Below Trend But Still Outperforming Existing Homes
The Census Bureau released the monthly New Home Sales report today, showing a decrease from 719k in September (revised down from 759k initially reported) to 679k in October. While this number is below the long […]
Mortage News
Home Prices Still Rising More Than Expected. Loan Limits to Follow
Today brings the release of the two main home price indices (HPIs) for the month of September (yeah, there’s a bit of a lag). The S&P Case Shiller HPI rose to prominence in the run […]
Home Values
750-square-foot home priced at $1.2M sparks frenzy, sells in record time
In a market where real estate prices seem to defy logic, a 731-square-foot property with a staggering $1.2 million price tag is a hot commodity in Denver. While the price tag might raise eyebrows, insiders […]
Weely Real Estate News
New Home Purchase Applications Up Nearly 40% in October
Mortgage applications for new home purchases during October were up by 6% from September and up by 39.7% from one year earlier, according to new data from the Mortgage Bankers Association (MBA). The MBA estimated […]