Airbnb owners have made a killing over the last few months as millions of Americans resumed their vacation plans after the worst of the COVID-19 pandemic. In other words, you’re gonna be minting money from that Airbnb.
- Miami Herald
“Can’t wait to see the toilet.”
New England is the hip place to be these days with many new homeowners flocking to the Northeast.
Traditionally, spring is real estate season, but buyers across the country were waiting for summer to finally see a return to normal inventory levels, normal competition and most importantly, normal...
In a year marked with high mortgage rates and an increase in housing supply, home prices continue to rise. According to Realtor.com, the national median listing price for a single-family home was...
Pandemic boomtowns are getting hit the hardest by the Pandemic Housing Slump.
- Robb Report
Home of the Week: Inside a $45 Million New York Mansion Sitting Right on the Banks of the Hudson River
Ledgerock has an almost cinematic quality to it; it feels like a riverfront hideout for tasteful superhero busy saving the world.
- Business Insider
US home prices could sink as much as 15% in a market crash but a moderate downturn is still more likely, Fitch says
The credit rating agency said a moderate retreat is still the more likely outcome, predicting housing activity will fall by mid-single digits in 2023.
- LA Times
Southern California home prices fell slightly in July from June as the housing market slowed, but values are still about 9% higher than a year earlier.
- Business Insider
Larry Ellison just listed one of his Florida estates for $145 million after originally saying he wanted to knock it down
The listing comes just two months after Ellison reportedly paid $173 million for a nearby estate that belonged to Netscape billionaire Jim Clark.
In doing so, digital users may be fanning the flames of a housing market crash, simply by making the term "housing crash" a household term on the internet these days. According to a new study by the luxury brokerage company RubyHome, internet search interest for "housing crash" skyrocketed 177% since August 2021, reaching an all-time high for the term since Google Trends started reporting in 2004. "The spike in searches about a housing crash suggests homeowners, particularly those thinking of selling, are increasingly nervous about their market timing," the RubyHome report stated.
- Myrtle Beach Sun News
Myrtle Beach lags only Detroit when it comes to how quickly home sale prices are rising. The other eight markets are in Florida.
About 63,000 home-purchase agreements were pulled in July, marking highest percentage on record: Redfin
The slowing real estate market is leading more homebuyers to back out of deals, according to a new report from Redfin. Some 63,000 home-purchase agreements fell through in July, or about 16.1% of the homes that went under contract in the month, marking the highest percentage on record with the exception of March and April of 2020, when the coronavirus pandemic was disrupting the market. "The housing market is slowing as higher mortgage rates sideline many prospective homebuyers. With competition
Blackstone is prepping a record $50 billion vehicle to scoop up cheap homes during the downturn — here's how to lock in higher yields than the big money
Priced out of the market? It's time to pivot.
On the plus side, the withdrawal of prospective home buyers gives those left in the market more negotiating leverage.
Homebuyers enjoy newfound ‘bargaining power’ as sellers agree to repairs, accept lower down payments, and make other concessions
Prospective buyers are increasingly backing out of deals, with 63,000 agreements being called off in July, according to a new report from Redfin. Redfin started tracking this data in 2017. “About 80% of the seller contracts I have right now, they’re paying for at least $5,000 to $10,000 in closing costs for the buyers, because the buyers requested that to lower their interest rates,” Andrew Vallejo, an Austin, Texas-based Redfin agent, told MarketWatch.
“The likelihood of a severe downturn in U.S. housing has increased,” write Fitch Ratings researchers.
If your real estate investment appreciates in value you'll generally pay capital gains upon selling, but there are ways to minimize your tax burden.
Have you ever had the feeling that you can’t catch a break? American homebuyers are definitely starting to feel that way. In addition to rapidly rising interest rates and a lack of affordable inventory, a new potential obstacle makes it harder for them to buy a home — short-term rental investors. Property in cities like New York, San Francisco and Los Angeles was already notoriously unaffordable. The average home price in Los Angeles is over $1 million. About 25 years ago, $1 million would have
- The Hill
Story at a glance A survey from Freddie Mac found that nearly 1 in 5 renters whose rental costs rose in the past year believe they are likely to miss a payment. Only a third of renters who earned pay raises in the past 12 months said their new incomes will cover their rent. More…
Making your purchase during the right season, the right month and even the right day of the week can save you thousands.