house realtor Archives - Page 2 of 4

Home Sales to Slow, Prices to Fall, Says Realtor.com

Post Author By Evo Plus
Post Date 21/07/2023

Heading into the second half of 2023, the US housing market has yet to see the typical spring and summer boom, as limited inventory and high borrowing costs dampen the market.

Mortgage rates are elevated, leading to low inventory as many potential buyers wait for rates to drop before looking for a new home. Would-be sellers with cheap mortgages are holding off, unwilling to go back into the market and paying more.

As a result, sales have dropped, according to an analysis by Realtor.com. The real estate listing site changed its outlook on prices, now predicting they will gradually fall

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Realtor

The housing market is showing signs of a rebound

Post Author By Evo Plus
Post Date 29/06/2023

S&P CoreLogic’s national home price index climbed in April from the prior month, marking three straight gains.
Miami, Chicago, and Atlanta saw the steepest annual price gains in March, data showed Tuesday.
“If I were trying to make a case that the decline in home prices that began in June 2022 had definitively ended in January 2023, April’s data would bolster my argument.”

The housing market is showing more signs of a rebound, with home prices climbing for three consecutive months.

The S&P CoreLogic Case-Shiller national home price index was up 1.3% in April from the prior month

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Realtor

Rattled housing market prompts reversal on 2023 forecasts with home prices and rents now expected to fall

Post Author By Evo Plus
Post Date 27/06/2023

Realtor.com has re-examined its prior housing predictions, and now expects a dip in prices and rents.
But downgrading the 2023 outlook does not signal a major wave of relief.
“Home costs are still going to be higher for buyers in 2023 because home price declines are very mild and not universal.”

Realtor.com has re-examined its previous housing market predictions for this year and pointed them in the opposite direction.

The real-estate company now expects average home list prices to drop 0.6% from last year, compared to its prior prediction of a 5.4% year-over-year rise in 2023.

Similarly, Realtor.com now

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Realtor

The Sunk Cost Fallacy – Passive Income MD

Post Author By Evo Plus
Post Date 26/06/2023

None of us can be the hypothetical Homo Economicus who makes only rational decisions. Instead, we must contend with the sunk cost fallacy. Here’s all you need to know about it.

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Realtor

Journal Club 05-19-23 – Passive Income MD

Post Author By Evo Plus
Post Date 21/05/2023

Here’s Journal Club 05-19-23! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well!

With all the worrying talks about a looming recession and market uncertainty, does it still make sense to continue investing in real estate? Are you considering purchasing a property but also skeptical about the whole idea and its consequences? Well, in that case, this post is for you… The Physician on FIRE shares more about it in the article – We Bought a House….In This

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Realtor

Wilt Chamberlain’s LA Mansion Bounces Back Onto the Market With Another Big Price Cut

Post Author By Evo Plus
Post Date 09/05/2023

This notable Los Angeles estate has rebounded onto the market—with yet another price reduction.

Built for basketball legend Wilt Chamberlainthe massive dwelling is taking another shot at attracting a buyer.

The enormous, five-bedroom residence was listed for $19 million in 2018 and bounced back last year for $14.9 million. Now, it has returned at $11,995,000—a 37% discount on the original price.

architect David Rich designed this special retreat for Chamberlain in 1971. But it was remodeled in 2008 by the owner Dmitri Novikovwho souped up the kitchen with stainless appliances and modified the lower level to include guest

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Realtor

Built in 1705, a New England Colonial in New Hampshire Is This Week’s Oldest Home

Post Author By Evo Plus
Post Date 07/05/2023

A New England Colonial that was built in 1705 in Kingston, NH, is the oldest home on the market this week on Realtor.com®.

The three-bedroom domicile still boasts eight fireplaces (including one with a beehive oven), exposed-beam ceilings, and wide-plank wood floors.

Other historic homes to hit the market this week include a renovated New England Cape in Connecticut, a property with a carriage house in Maryland, and a log and stone cabin in Virginia.

Scroll down for a full look at this week’s 10 oldest homes.

Price: $650,000
Year built: 1705
Thoughtfully updated: This 3,485-square-foot dwelling is one of

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Realtor

The Most Expensive Home in South Carolina’s History Hits the Market for $22M

Post Author By Evo Plus
Post Date 05/05/2023

The Most Expensive Home in South Carolina’s History Hits the Market for M

Located in Simpsonville, SC, the 16,000-square-foot home sits on a sprawling 54 acres designed for the horse lover.

Dubbed Circle Creek Estate, the massive property features world-class equestrian amenities, including three riding arenas, and a 12-stall barn inspired by Old World Europe.

‘Hand-built from scratch’

Built in 2014, the six-bedroom estate was designed to resemble an English manor. And while the stone home’s price tag is the steepest in the state, “the cost to recreate this property today would be north of $30 million,” according to the listing.

In fact, many of the building materials were eclectically sourced.

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