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Consumer confidence in housing hits new low, says Fannie Mae
An ‘Open House’ sign is displayed as potential home buyers arrive at a property for sale in Columbus, Ohio.Ty Wright | Bloomberg | Getty ImagesRising mortgage rates, high home prices and uncertainty in the overall economy have Americans feeling more pessimistic about the state of the housing market.In October, just 16% of consumers said they […]
How to Easily Find Off-Market Properties
Finding off-market properties was much harder a few years ago than it is today. Before you’d have to drive for dollars, mark down addresses, build a spreadsheet, constantly update it, and maybe, just maybe, you’d get a motivated seller willing to do a deal with you. This process was overly complicated, expensive, and took too […]
Homeowners have lost over $1 trillion in equity since May
A home awaits sale at a reduced asking price in Glendale, California. David McNew | Getty Images The historic run-up in home prices during the first two years of the pandemic gave homeowners record amounts of new home equity. Since May, however, about $1.5 trillion of that has vanished, according to Black Knight, a mortgage […]
You Won’t Believe What Could Happen
In this article Throughout 2022, mortgage rates have more than doubled, sending affordability and demand in the housing market down sharply. With lower demand, lower prices often follow, which is why we’re in the midst of a housing market correction. I believe this correction has been caused primarily by rapidly rising mortgage rates and will […]
Housing prices will fall 5% to 10% across the market in the next 12 to 24 months, says Knight Frank
William Beardmore-Gray of the real estate company says some of that decline has already been seen in markets such as New Zealand, Canada and the Nordic region. Source link
Owning Your Own Properties Is Overrated
In this article By now, you’ve heard about how real estate is a great way to build wealth. I don’t disagree with that. However, before getting started, you should also consider the downsides of owning real estate and the opportunity costs. For most real estate investors, it’s better to be a limited partner or take […]
Housing is the canary in the coal mine, says Tri Pointe Homes CEO Doug Bauer
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Doug Bauer, CEO at Tri Pointe Homes, joins ‘Squawk on the Street’ to discuss sluggish demand in housing, housing as a recession indicator and adjusting price to payment as costs come down. 05:12 Fri, Nov 4 202211:26 AM EDT Source link
The “Energy of Money” and Why You’re Looking at Debt All Wrong
Interest rates have become a hot topic over the past six months. Back in 2020 and 2021, homeowners were bragging to their friends about their rock-bottom mortgage rates and how they secured financing at three percent or less! But times have changed, and seven percent interest rates are becoming the norm. Now, nobody is bragging—in […]
Companies still have way too much office space, and they can’t sell it
Collin Madden, founding partner of GEM Real Estate Partners, walks through empty office space in a building they own that is up for sale in the South Lake Union neighborhood in Seattle, Washington, May 14, 2021. Karen Ducey | Reuters A few things we know about corporate real estate: it’s a focus of cost-cutting for […]
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