Competitive Spring Market Greets Buyers and Sellers with More Listings, Higher Prices Signaling a flattening of the seasonal spring ramp-up, April 2022 home sales increased less than 1% over March – and dropped 12.8% year over year – across the report's 53 metro areas. That, coupled with an 11.5% increase in new listings from March to April, … Continue reading RE/MAX National Housing Report for April 2022
Tag: Real estate
Redfin reports demand slips, pushing more sellers to drop asking prices
Early indicators of homebuyer activity falter further as mortgage rates shoot up. by Tim Ellis for Redfin Early-stage homebuying demand continues to falter this spring as new listings fell 7% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. At the same time, the average 30-year fixed mortgage rate … Continue reading Redfin reports demand slips, pushing more sellers to drop asking prices
Property taxes on single-family homes rise across U.S. in 2021, to $328 billion
Average property tax also up 2 percent, to $3,785 as effective rate declines slightly; Highest effective tax rates in Illinois, New Jersey, Connecticut, Vermont, Pennsylvania ATTOM, a leading curator of real estate data nationwide for land and property data, today released its 2021 property tax analysis for almost 87 million U.S. single family homes, which shows that $328 … Continue reading Property taxes on single-family homes rise across U.S. in 2021, to $328 billion
Modern Mountainside Retreat Captures Palm Springs Panorama
Stunning "Norton House" Listed at $3.495M With uninterrupted and unrivaled views of Palm Springs, the eye-catching and architecturally-significant "Norton House" has just been listed for sale at $3.495 million. The 2,596-square-foot Araby Cove home blends Eastern inspiration with Western influence, integrating seamlessly into its surrounding desert landscape while leaning into unique design traits that create a truly … Continue reading Modern Mountainside Retreat Captures Palm Springs Panorama
Are we in a housing bubble? Homebuyers say yes, Redfin expert says no
Historically fast home-price growth has homebuyers and sellers worried the market has become detached from reality. But Redfin’s chief economist says rising mortgage rates and buyers who can afford their homes are preventing a bubble. More than three-quarters (77%) of homebuyers and sellers believe there’s a housing price bubble in the area where they live, … Continue reading Are we in a housing bubble? Homebuyers say yes, Redfin expert says no
Is home where the heart is? Mayflower reveals where Americans are moving – and how location shapes our identities
New survey finds 74% of Americans feel they have a hometown -- and 58% think of their hometown as where they originally come from There's no place like home – but how do you find "home" after relocating? In new customer data and survey findings, Mayflower reveals how Americans are defining their identities in new … Continue reading Is home where the heart is? Mayflower reveals where Americans are moving – and how location shapes our identities
Housing Market Expected to Stay Stable as COVID-era Protections End
Expirations of eviction and foreclosure moratoria are not likely to distress markets, according to real estate experts surveyed by Zillow Foreclosures are predicted to make up the smallest single source of available inventory at just 5.4%Homeowners listing their houses should make up 40% of inventory in the coming yearExpiration of eviction moratorium is not expected … Continue reading Housing Market Expected to Stay Stable as COVID-era Protections End
Redfin Reports Balance is Slowly Returning as Homebuying Demand Recedes
Price drops reached their highest level since 2019 The share of homes for sale with a price drop rose for the fifteenth consecutive week to 4.9%, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Home sellers are also beginning to notice that the market is no longer heating up, and buyers are … Continue reading Redfin Reports Balance is Slowly Returning as Homebuying Demand Recedes
New Homeowners Can Spend Nearly $30K on Unexpected but Common Projects
New research from Thumbtack and Zillow finds millennial home shoppers are most excited about personalized projects, like interior painting, and least excited about high-stakes projects, like roofing repairs. Projects most excited to undertake With millennial first-time buyers taking advantage of record low mortgage rates and jumping into homeownership, many are likely unaware of the projects they may … Continue reading New Homeowners Can Spend Nearly $30K on Unexpected but Common Projects
Looking to book an airbnb this summer? You might be too late.
June kicked off a mammoth summer for U.S. short-term rentals, with lead times normalizing and demand high, reports AirDNA. Summer travel starts strong with record occupancy levels. The U.S. short-term rental industry posted another strong month as occupancy rose to an all-time high of 70.2% in June 2021, a full 20% higher than June 2019. This is … Continue reading Looking to book an airbnb this summer? You might be too late.