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]
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]
Majority Of The Largest Housing Markets Saw Huge Price Decrease In September from 2022 Peaks
After the most competitive period in recent memory, the housing market is rebalancing. The cooling trend that has taken the market by storm is expected to continue seeing more price declines in more cities according to a Knock Buyer-Seller Market Index report released today. The index analyzes key housing market metrics to measure whether the… [Read More]
Home Sales Seeing Highest Rate of Cancellations Since Start of the Pandemic
Around the country, nearly 60,000 home-purchase agreements fell through in June according to a Redfin analysis of MLS data going back through 2017. That is equal to 14.9% of homes that went under contract that month. This is the highest percentage on record with exception to March and April of 2020, when the housing market… [Read More]
Cheapest States to Buy a House in 2022
Skyrocketing prices and record-low inventory have made buying a house impossible for many Americans but for those who are willing to relocate, a new study from Rocket Mortgage ranking the cheapest states to buy a home may offer some homebuyers hope. While several studies have been done with varying results due to different contributing factors… [Read More]