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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

NewLondonamong is the most affordable beach town in the US, report says

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

Jul. 5—The coastal town of New London is the third most affordable beach town on the list with a median home price of $257,000 and a median price per square foot of $175.

“New London is like a little gem of affordability,” said Keith Turner, a mortgage lender with Homestead Funding, to Realtor.com. “Just look at the prices in some of the cities near here.”

Notable aspects of New London named in Realtor.com’s report include its boardwalk, beachside entertainment and events during the summer.

“People tend to overlook the area,” Turner told Realtor. “It’s a true seaport town. It’s got

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Realtor

Journal Club 06-30-23 – Passive Income MD

Post Author By Evo Plus
Post Date 30/06/2023

Here’s Journal Club 06-30-23! 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!

By now, most of us are familiar with the concept of FIRE or Financial Independence, Retire Early. Many of us are on the path to attaining it as well. However, when it comes to explaining this concept to someone new, we often find ourselves struggling to articulate our new lifestyle and how it works. For that reason, the Physician on FIRE provides a comprehensive overview

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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

Journal Club 06-09-23 – Passive Income MD

Post Author By Evo Plus
Post Date 12/06/2023

Here’s Journal Club 06-09-23! 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!

In the realm of personal finance and retirement planning, Roth accounts seem to spark the interest of many investors. Given the wide range of investment options available today, it can be overwhelming to choose a strategy that’s a good fit for you. So, to help you make an informed decision, The White Coat Investor explores the different types of accounts, the contribution limits, and more

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Realtor

Housing supply is plunging in some parts of the US and surging in others as high mortgage rates split the housing market

Post Author By Evo Plus
Post Date 09/06/2023

us real estate market — Photo by Brandon Bell/Getty Images

Housing inventory is falling and surging in different parts of the US as higher rates distort the market.
A Realtor.com report found that home supply fell in 21 of the 50 largest metropolitan cities in May.
But housing activity has kicked up in the South as increased affordability draws both buyers and sellers.

Mortgage rates at 20-year highs have split the US housing market, with supply plunging in some parts of the US, while the number of homes for sale surges in others.

Home inventory fell in 21 out of 50 of the largest metropolitan

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Realtor

Passive Real Estate Trends 2023: Emerging Insights & Key Developments

Post Author By Evo Plus
Post Date 04/06/2023

In this dynamic year, we are witnessing rapid transitions and developments within the real estate market, particularly in the realm of passive investments. While it may seem like deals have dried up, it’s crucial to remember that success as an investor is still well within reach, especially when adopting a long-term perspective.

Before we explore the exciting trends and opportunities in the world of passive real estate investing, let’s ensure that we’re all on the same page by understanding the concept itself.

Passive real estate investing involves investing in real estate assets or opportunities without actively managing the properties. It’s

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Realtor

Rent prices in April were up 25% compared to 2019, the report says

Post Author By Evo Plus
Post Date 19/05/2023

By Emma Ockerman

But the worst price hikes may be over for tenants, thanks to slowing rent growth

We want to hear from readers who have stories to share about the effects of increasing costs and a changing economy. If you’d like to share your experience, write to [email protected]. Please include your name and the best way to reach you. A reporter may be in touch.

US renters looking for housing in April faced a median asking prices $348 higher than the same period in 2019, with rental costs 25.1% above where they were four years earlier, a new report

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