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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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If you are shopping for an affordable beach home, there’s a place in Florida you might like

Post Author By Evo Plus
Post Date 07/06/2023

Affordable beach homes.

Is it possible to include those words in the same sentence? According to the experts at realtor.com, yes, it is possible. In May, realtor.com announced it released its “America’s 10 Most Affordable Beach Towns for Homebuyers in 2023” list and one location in Florida made the cut.

Navarre is a beach community found just east of Pensacola at the far northwestern tip of the state. It features “12 miles of pristine white shoreline. Nestled between the Gulf Islands National Seashore and Navarre Beach Marine Park, this beach community offers solitude and simplicity,” according to visitflorida.com.

Gulfport, Mississippi

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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

The housing market faces a ‘chicken and egg’ problem that could mean home prices start to fall

Post Author By Evo Plus
Post Date 03/06/2023

home for sale — Getty Images / Scott Olson

The US housing market faces a chicken and egg problem, according to Realtor.com.
High mortgage rates are deterring buyers and sellers who don’t want to swap out the low rates they previously locked.
New home listings dropped 22.7% in May as many sellers and buyers stayed put, but home prices could start falling.

Realtor.com pointed out the “chicken and egg” problem plaguing the housing market right now: High mortgage rates are keeping both home buyers and sellers sidelined, with the former reluctant to spend and the latter unwilling to part ways from the lower rates

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Realtor

Realtor.com Reports Weekly Active Inventory Up 20% YoY; New Listings Down 26% YoY

Post Author By Evo Plus
Post Date 26/05/2023

by Calculated Risk on 5/25/2023 04:05:00 PM

Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report from chief economist Danielle Hale: Weekly Housing Trends View — Data Week Ending May 20, 2023

• Active inventory growth slowed again, with for-sale homes rising just 20% above one year ago. The number of homes for sale was higher than this time last year, but not by as much as we’ve seen in recent weeks. As we have discussed, further slowing is likely ahead. One key way that has been played out is by encouraging

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Realtor

KISS bassist Gene Simmons owned this CA mega mansion for sale

Post Author By Evo Plus
Post Date 23/05/2023

A massive estate that was the longtime home of a rock music legend has landed on the real estate market in Beverly Hills, California, for a pretty penny.

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The 16,390-square-foot residence — which is listed for $48 million — was the longtime home of iconic KISS bassist Gene Simmons, numerous media outlets, including Mansion Global, reported. Simmons originally sold it in 2021 for $16 million, and the price jump over the two-year period is due to a full renovation of the seven-bedroom, 11-bathroom estate.

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“Showcasing unparalleled design, this masterpiece is accented with the finest materials — main level

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Realtor

Gulfport and Grand Isle among the most affordable beach towns | Entertainment/Life

Post Author By Evo Plus
Post Date 11/05/2023

A Mississippi Coast city was recently rated the most affordable beach town in the United States.

Gulfport topped Realtor.com’s 2023 list of the most affordable beach towns, beating out cities like Newport News, Virginia; Corpus Christi, Texas; and Navarre, Florida.

Realtor Tiffany Kirkland of Harper Realty has been selling homes across the Mississippi Coast for three years. She was not surprised by the distinction.

“I think it’s pretty awesome and pretty accurate,” she said. “There are always great deals around here.”

Still recovering from Ida, Grand Isle rushes to prepare for another hurricane season

This is the city’s second time leading Realtor.com’s top 10. In 2018, no other city in the country

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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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