A Bittersweet Spring for Homebuyers: Lower Mortgage Rates Meet Low Inventory

Lower Mortgage Rates Meet Low Inventory | I Buy Homes

Mortgage rates have been experiencing a steady decline for three consecutive weeks, sparking optimism for a fruitful spring homebuying season. However, low inventory levels continue to challenge the housing market. As of March 30, the 30-year fixed-rate mortgage dropped to 6.32%, primarily due to economic uncertainty caused by bank collapses. This presents a significant contrast […]

Mortgage Rates and Housing Inventory Decline Simultaneously

The housing market is currently experiencing a rare phenomenon: both mortgage rates and housing inventory levels are falling simultaneously. This unique situation may have significant implications for prospective homebuyers and real estate investors. Typically, declining mortgage rates are seen as favorable for homebuyers, as lower borrowing costs can stimulate demand, making it easier to afford […]

Biden’s FY 2024 Budget Proposes Changes to Section 1031

Section 1031 - I Buy Homes

The Fiscal Year (FY) 2024 budget proposal from President Biden’s administration includes changes to Section 1031 of the Internal Revenue Code, which governs like-kind exchanges. These changes, if implemented, could significantly impact real estate investors. Under current regulations, Section 1031 allows investors to defer capital gains taxes by reinvesting proceeds from the sale of a […]

Housing Starts Grow

Housing Starts Grow - I Buy Homes

Housing starts in the US rose in February as strong demand from buyers continued to drive growth in the housing market. According to the Commerce Department, housing starts increased by 10.3% in February to a seasonally adjusted annual rate of 1.42 million units, up from 1.29 million units in January. The rise in housing starts […]

Builders Shifting to Small Metro Areas

According to new data from the National Association of Home Builders (NAHB), the construction of new single-family homes is shifting away from large urban areas and towards smaller metro and non-metro areas. The report shows that over the past year, the share of new single-family homes built in small metro areas increased from 38% to […]

Mortgage Rates Fall After Silicon Valley Bank Collapse

SVB Collapse - I Buy Homes

Mortgage rates have fallen in the wake of the recent failure of Silicon Valley Bank. This may come as welcome news to those looking to buy a home, as rising rates have been a major concern in the housing market. We also see that median home prices have continued to rise, reaching $353,000. This suggests […]

Housing Market Predictions for 2023

Housing Market Predictions for 2023

The American housing market has certainly had its ups and downs. Currently, there’s been a spike in inventory compared to last year with 54% more homes on the market. With more homes available, you’d think we’d see more buyers, but that’s not necessarily true. Home prices are going up, so only buyers in the right position are […]