Getting Ahead Of Buyer’s Remorse
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A report from NPR. "'People are stuck,' says Lawrence Yun, chief economist with the National Association of Realtors. Yun and others describe the market as frozen, one in which home sales activity has declined for 10 months straight, according to…
A weekend topic starting with The Atlantic. "Timing isn’t the only external factor determining whether homeownership 'works' for Americans. Paying off a mortgage is a form of 'forced savings,' in which people save by paying for shelter rather than consciously…
A report from KLAS in Nevada. "Housing prices continued to tumble in November, according to Las Vegas Realtors. Prices have nearly fallen to where they were a year ago — a median price of $420,000 in November 2021 — erasing…
A report from 5280 in Colorado. "This past summer Point2 showed metro Denver homes, on average, increased in price $94 each day between 2011 and 2021. As interest rates increased and the economy started to slow in mid-2022, real estate…
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A report from Realtor.com. "The red-hot housing market has been brought to its knees by soaring mortgage interest rates. 'No one wants to catch a falling knife,' says economist Yelena Maleyev of KPMG US. 'No one wants to buy in…
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It's Friday desk clearing time for this blogger. "Since the end of the Great Recession, home prices in the Rochester area have pretty much gone in one direction: up. In the last several years, they’ve soared. But could that change…
A report from Buzz Feed. "'I almost feel like it’s a scam or a trick to get me more into debt. I worked so hard to get my credit up to even be able to apply for a mortgage,' Christen…