The continuing rise of homes in the country’s top metropolitan areas are forcing homebuyers to look at cheaper options. Midsize cities in the South and Midwest offer the biggest bang for your buck. Cities like Chattanooga, Tennessee; Columbia, South Carolina; El Paso, Texas and Louisville, Kentucky could soon be some of the hottest housing markets… [Read More]
7.7% Drop in Existing-Home Sales in November
For the tenth consecutive month, existing-home sales have dropped according to the National Association of Realtors. The data for Existing-Home Sales for November was released at the end of December. December’s report will be released at the end of January. All four regions in the U.S. saw month-over-month decreases. The four regions also recorded year-over-year… [Read More]
NAR Predicts Stable Prices in 2023
4.78 million existing homes will be sold, prices will remain stable and Atlanta will be the top market to watch in 2023 and beyond. All this according to forecasts by the National Association of Realtors. NAR’s Lawrence Yun, the National Association of Realtors chief economist and senior vice president of research, unveiled the predictions at… [Read More]
Home Values Could Increase in Mecklenburg County
North Carolina law requires all counties to conduct a property revaluation at least every eight years to determine its market value. These new values are being sent out by the county to all property owners now because Mecklenburg County has advanced its cycle for appraisers to conduct the valuation every four years. According to Assistant… [Read More]
U.S. Housing Market Experiencing Big Home Price Correction
The U.S. is seeing it’s second biggest home price correction of the post-WWII era with 55% of Americans saying they cannot afford to buy their home in today’s market, according to the CATO Institute 2022 Housing Affordability National Survey. Mitch Roschelle, Macro Trends Advisors founding partner, told Fox News he attributes the huge correction to… [Read More]
Could the Housing Market Be Shifting To Favoring Buyers?
According to the Knock Buyer-Seller Market Index released this month, the housing market appears to be moving further in the direction of favoring buyers. This as markets that cooled the fastest in response to the quickly rising interest rates and home prices continued to lessen. Meanwhile many strongholds show no sign of slowing with some… [Read More]