The housing market has been pushed out of reach for some Americans by sky-high mortgage rates.Getty Images US housing market affordability will improve in 2024, but challenges will remain, Realtor.com said. Home prices will drop, but the decline in mortgage rates will be limited. The lock-in effect from rates will persist, bringing little relief to …
Aerial view of a residential area with houses in the Phoenix suburb of Chandler.Getty Images Housing market affordability is expected to improve in 2024, Morgan Stanley’s chief US economist said. Growth in inventory as homebuilding activity grows stronger will offset an increase in demand. Home sales will pick up in the second half of 2024 …
Sundry Photography/Shutterstock The CEO of Redfin, Glenn Kelman, believes the housing market has reached its lowest point, in spite of its dire condition. Mortgage rates and home prices are prohibitively high, negatively impacting affordability for potential homebuyers. Kelman forecasts a prolonged sales slowdown and the continuation of a grim market landscape. The only comforting aspect …
The age-old tradition of home sellers footing the bill for the commissions of their buyers’ real estate agents may soon become a thing of the past. A recent multibillion-dollar class-action verdict in Missouri found that the National Association of Realtors (NAR) and some of the largest real estate brokerage firms in the US violated antitrust …
Earlier this month, I had the opportunity to stay in a unique Airbnb located in the Bedford-Stuyvesant neighborhood of Brooklyn. Over the past decade, this neighborhood has experienced a dramatic transformation due to the process of gentrification. Condos have nearly doubled in median sales price, and single-family home prices have more than tripled. The population …
Higher borrowing costs are expected to drive drastic slowdowns in homebuilding for Canada’s largest urban centres after a surge in activity that started the year, according to the Canada Mortgage and Housing Corp. The CMHC’s mid-year housing supply report released Thursday shows Canada’s six largest housing markets had wildly different paces of homebuilding in the …
Once you’ve completed the buying process for your new home, it’s time to prepare for the next steps. Whether you’re moving in or planning renovations, there are several tasks to accomplish. Let’s dive into this extensive to-do list. The first step is to inform your moving company of your completion date so you can schedule …
Prospective homebuyers had “more choice” in Canada’s housing market in August as a rise in new listings met a slowdown in activity, according to the national real estate association. Home sales fell 4.1 per cent between July and August, the Canadian Real Estate Association (CREA) said Friday. Slowdowns in the Greater Vancouver Area, the Fraser …
Sutton, south London, has become a favored destination for international buyers seeking high-quality schools, affordable housing, and close proximity to London. Sutton Grammar and Nonsuch High School for Girls are among the top draws in the area. The UK’s universities are also attracting buyers. Many parents of international students prefer to invest in a property …
New Survey Reveals Americans Forced to Choose: Sell Home at Loss or Lose Job According to a recent survey conducted by Redfin, the increasing number of return-to-office mandates is leaving one in ten homeowners with a tough decision – sell their home at a loss or risk losing their job. Real estate agent Shauna Pendleton …