Tag Archives: Home sales

Rising rates – what impact will they have on home construction?

For those looking to divest of properties, it’s most assuredly still a sellers’ market, Kushi observed. “Sellers continue to have the upper hand as we enter the busiest time of the year for the housing market. Not enough supply relative to demand will keep house price growth positive, but not at the record-breaking pace we […]

Many homebuyers face surprise repair costs soon after moving in

Pixelseffect | E+ | Getty Images Buying a home? Don’t forget to budget for repair costs. Most homeowners (77%) have dealt with an unexpected issue that required paying for a repair in their first year of owning their house, according to a survey from insurance firm Hippo. Two-thirds of them spent more than $1,000 to […]

Mortgage Rates SKYROCKET to 5% and… Pending Home Sales Decline

The average 30yr fixed rate mortgage surged to 5% today to the highest levels since November 2018! Mortgage rates have now skyrocketed 1% in the last ~3 weeks! In today’s housing market update, I share some possible ramifications of this surge in interest rates and what would need to happen for a housing market crash. […]

Buying your first home? Here’s what you need to know

Paul Bradbury | OJO Images | Getty Images First-time home buyers have a steep learning curve, from understanding true affordability and how to qualify for a mortgage to managing their cash flow after their purchase. “When buying your first home, you need to consider that what a lender will let you borrow is not necessarily […]

The Housing Market is Out of Control

Homebuyers seemed to be unfazed by spiking mortgage interest rates, the unrest in Ukraine, the stock market declining and skyrocketing inflation. This is because home prices have once again reached all time record highs according to Redfin. In today’s video, I share the latest 2022 housing market updates for the US housing market so you […]