Tight monetary policy to contain inflation in the United States has dampened the red-housing market seen in 2020-2021, when historically low mortgage and home scarcity collided with a surge in buyer demand. With higher mortgage rates now in the area of 5.5%-6% for a 30-year fixed rate mortgage, demand has cooled off significantly in 2022 […]
The U.S. housing market slowdown in 2022 may be chipping away at some of the trends that took hold during the first two years of the pandemic. That could be good news for renters in Florida, who have seen the cost of apartments skyrocket due to migrating remote workers who wanted to set up shop […]
While many industries underwent uncertainty and disruption in response to the COVID-19 pandemic, residential real estate became a magnet for people hoping to change their fortunes over the past few years. It’s not hard to understand why working as a real estate agent became so appealing. The housing market took off in 2020, buoyed by […]
It’s tempting to look at the U.S. housing market in 2022 and gasp at the turn of events this year, compared to the frenzy of the previous two. The 30-year-fixed mortgage rate has gone up from about 3% in January to about 5.8% at the end of June, part of broader strategy by the Federal […]
The rise in mortgage rates resulting from the Federal Reserve’s effort to slow the economy and inflation by raising interest rates is cooling the housing market, causing the inventory of homes for sale to grow and home prices to drop in many areas. At the same time, however, inventory is still low enough and prices […]
Florida’s real estate market traditionally has been understood as a mixture of hospitality-oriented properties and second homes used for vacations and rentals. There’s certainly truth to this, but the Sunshine State has increasingly become a primary place of residence for people and businesses. The state’s population increased by 211,000 people from July 2020 to July […]
Rising home prices in the United States are giving buyers sticker shock virtually everywhere they look. Such is the reality of a real estate market that has continued to rocket to new heights at a dizzying pace over the last two years. If you really want a sense of how wild some of the price […]
The experience of home buyers during the red-hot real estate market of the COVID-19 pandemic has been a punch in the gut, to say the least. Many young first-time home buyers, Millennials who were given few options to choose from, now have misgivings about certain aspects of the properties they purchased under frantic circumstances. Zillow’s […]
U.S. home buyers who were hoping to see a friendlier market in 2022 have largely been told to curb their enthusiasm in advance of the busy spring real estate season. Worsening delays in new home construction appear to be compounding the issue further. “Production disruptions are so severe that many builders are waiting months to […]
The price inflation of the pandemic real estate market in the United States has not been distributed equally. Most major markets across the country have seen median home prices increase at varying levels, but some have been supercharged by home buying trends and unique market conditions. In some areas, the attractiveness of properties, combined with […]
