According to a new Gallup Inc. poll, just 30 percent of American adults say it’s a good time to buy a house. This is the worst share in the survey’s history which dates back to 1978. This number is down 23 percentage points from this time last year. The poll was conducted from April 1-19,… [Read More]
U.S. Housing Market Most Affordable Major Country
A new study from the Urban Reform Institute and the Frontier Centre for Public Policy finds the U.S. as the most affordable country in the world. The housing markets of Australia, Canada, Hong Kong, Ireland, Singapore, and the U.K. were also ranked. The Demographia International Housing Affordability report found that the least affordable market is… [Read More]
Record bidding wars show no signs of slowing
January 2022 was the most competitive month ever for house hunters due to new families, remote workers, and rising mortgage rates according to Bloomberg. “It’s been incredibly frustrating,” said Erin Damato, in an interview with Bloomberg. “House prices have gone up about $100,000 since we’ve been looking.” Damato and her husband have been seriously hunting… [Read More]
Is now the right time to be a buyer?
The bidding wars and rising housing prices that defined the 2021 market forced frustrated buyers to the sidelines with hopes that the 2022 market would cool. Unfortunately for those buyers, the new year hasn’t brought lower pricing. According to industry experts, the seller’s market is here to stay. “The 2022 housing market is skewed heavily… [Read More]
How the Russia-Ukraine crisis could impact home buyers
As markets react to Russia’s invasion of Ukraine, home buyers are seeing temporary relief from rising interest rates. In the long term however, inflation remains a serious concern. For the week ending February 24, the 30-year fixed-rate mortgage averaged 3.89%. That’s down three basis points from the week prior. The slight decline shows a retreat… [Read More]
Charlotte metro area home prices are rising, deals can still be found
The real estate market in Charlotte is hot, and some are wondering if they can afford a mortgage. Despite the rise in home prices, experts say there are still areas where you may get a good deal, especially if you’re prepared to widen your search or do some of the maintenance yourself on your new… [Read More]