Is Home-Flipping About to Lose Its Luster?
Home flipping has been all the rage for a number of years now, especially during the time of ultra-low interest rates and that was proven by the number of reality… Read more »
Author Archives: Rod Patershuk
Mortgage rates poised to drop to 5.5% in 2024: Bloomberg
Most economists forecast mortgage rates to decline in 2024, stoking optimism about the housing market. According to the newest Bloomberg Markets Live Pulse Survey (MLIV Pulse), the rate on the… Read more »
Sen. Elizabeth Warren pushes Fed Chair Powell to cut ‘astronomical’ rates, ease housing pressure
Senator Elizabeth Warren, a Democrat from Massachusetts, left, speaks with Jerome Powell, chairman of the U.S. Federal Reserve, during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington,… Read more »
Housing demand rises as inventory falls
Housing demand is up and it’s time to track the spring housing data and see what the selling season will bring. As I always stress, we are working from the… Read more »
December Pending Home Sales Cross 8% Mark
If you live in the West, Midwest, or the South, you probably saw pending home sales noticeably climb month-over-month, but if you live in the Northeast, pending home sales declined… Read more »
Hamptons mansion once listed for $150 million sells at auction for less than $90 million
A Hamptons estate that once listed for $150 million before falling into bankruptcy was sold at auction Wednesday for $88.5 million. The four-acre estate in Southampton, New York, known as… Read more »
Homebuyers Adjusting Purchase Strategies in Search of Homeownership
Americans are purchasing multi-family properties and co-owning homes with friends and/or family, and prospective homebuyers are willing to adjust their homebuying strategies to become homeowners in 2024. This is according… Read more »
The Generational Housing Market Tug-of-War
A new report from Leaf Home and Morning Consult paints a picture of Boomer’s “death grip” on housing is stalling millennials’ homeownership and paints a contrasting picture of the 2024… Read more »
Office Space to Living Space: Conversions to Skyrocket in Major U.S. Cities
According to a new RentCafe report, over the past four years, there has been extraordinary growth in the conversion of office buildings into living spaces, with an estimated 12,100 apartments… Read more »
Existing home sales are working from a historic low bar
Today, we saw existing home sales slip a bit month to month, which isn’t surprising to me as purchase application data started its positive run in November. That data line… Read more »