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
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 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
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 […]
Where are the Hottest Housing Markets Right Now?
Are you trying to buy or sell a home despite high mortgage interest rates? Here is what rising interest rates mean to home buyers and home sellers.
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 […]
What Rising Interest Rates Mean to Home Buyers and Home Sellers
Are you trying to buy or sell a home despite high mortgage interest rates? Here is what rising interest rates mean to home buyers and home sellers.
What to Do When Your House is in Foreclosure
If you are wondering how to sell your house if it is in foreclosure, this guide can help. Here is everything to do when you are facing foreclosure.
