While the 2021 housing market was booming, it wasn’t a walk in the park for most buyers. 66% of Americans who began the year with intentions to buy weren’t successful according to NerdWallet’s 2022 Home Buyer Report. With 26 million planning to buy a home this year, the lessons from the failed 2021 attempts may… [Read More]
New Survey Suggests Real Estate Craze Was Not as Intense as Indicated
Anecdotal evidence that the late-2020-into-early-2021 real estate market was hot but new data from Zillow’s Consumer Housing Trends Report debunks a common misconception that all buyers experienced a grim reality when it came to home buying. The record-setting housing market that begin several months after the onset of the covid-19 pandemic brought reports of frustrated… [Read More]
Proposal Lists Ways to Address House Underbuilding in the U.S.
A new report released by the National Association of Realtors and authored by the Rosen Consulting Group, has highlighted the extensive underbuilding in the U.S. and the effects of underinvesting in housing. Following decades of underinvesting and underbuilding, the country faces a shortage of available housing. There is also a worsening affordability crisis and an… [Read More]
Housing Shortage Could Take a Decade to Fix
Aspiring homeowners continue to be frustrated at the lack of supply and low demand. New reports suggest the declining price of lumber following a year of surging demand and prices could be short-lived. According to the National Association of Realtors, far too few homes have been built for the amount of people looking to purchase…. [Read More]
Existing-Home Sales Drift Down Slightly In May
Home sales fell for the fourth month in a row, but prices continue to rise– more evidence that there aren’t enough houses to go around. That’s according to data released last month by the National Association of Realtors. Of the 4 major U.S. regions, only the mid-west recorded a month-over-month increase. The other three regions… [Read More]
Lumber Shortage Sends Home Prices Soaring
As the housing market tightens, potential buyers are flocking to new construction in record numbers, but several factors are making those homes much more expensive than ever before. The first is a significant shift in the market’s composition because of the scarcity of existing properties. About one out of every four homes for sale is… [Read More]