Why Median Home Sales Price Is Confusing Right Now
The National Association of Realtors (NAR) is gearing up to release its latest report on Existing Home Sales (EHS) tomorrow. This monthly report gives info about how many homes were sold and what they cost. The upcoming release might show that home prices are down. This might seem a bit confusing, e
People Want Less Expensive Homes – And Builders Are Responding
In today's real estate landscape, prospective buyers are contending with two primary challenges related to affordability. Firstly, mortgage rates have risen from their relatively lower levels in the past few years. Secondly, the scarcity of homes on the market has led to an escalation in home prices
Don’t Expect a Flood of Foreclosures
With rising costs affecting daily life, there's been talk about potential mortgage payment struggles and a looming wave of foreclosures. But before we worry too much, let's take a closer look. Bill McBride, a housing market expert who predicted the 2008 crash, has a different view this time: "We're
Categories
Recent Posts
