Are buyers or sellers getting a better deal?
Are buyers or sellers getting a better deal?
In today's market do the buyers or sellers have it better? In a simple answer neither. Both are in this together. Prices have not moved much yet but even with more to choose from, the interest rate on mortgages have made it so the buying power has shrung. So for now is the best time to buy or sell. Dont wait, if you do ther is a good chance you'll wish you had bought or sold now
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In today's market do the buyers or sellers have it better? In a simple answer neither. Both are in this together. Prices have not moved much yet but even with more to choose from, the interest rate on mortgages have made it so the buying power has shrung. So for now is the best time to buy or sell. Dont wait, if you do ther is a good chance you'll wish you had bought or sold now
In today's market do the buyers or sellers have it better? In a simple answer neither. Both are in this together. Prices have not moved much yet but even with more to choose from, the interest rate on mortgages have made it so the buying power has shrung. So for now is the best time to buy or sell. Dont wait, if you do ther is a good chance you'll wish you had bought or sold now
Buyers and sellers are bewildered by inconsistent housing market predictions, news, and statistics. Positives include record monthly price rises and never-before-seen low inventories, which bodes well for future values. Existing-home sales, while down from early-year highs is nonetheless solid. Housing metrics are still good. In the minus column, the 40% run-up in prices since the pandemic's inception and a rapid, near-doubling of mortgage rates from last autumn to near 6 percent as of now are i...
Buyers and sellers are bewildered by inconsistent housing market predictions, news, and statistics. Positives include record monthly price rises and never-before-seen low inventories, which bodes well for future values. Existing-home sales, while down from early-year highs is nonetheless solid. Housing metrics are still good. In the minus column, the 40% run-up in prices since the pandemic's inception and a rapid, near-doubling of mortgage rates from last autumn to near 6 percent as of now are i...
Down payments as low as 3.5% with an FHA loan First-time homebuyer activity was up last week, and government loans made up a bigger slice of the overall mortgage pie. Yummy news for buyers who may have lower credit scores and want to pay less upfront: First-time homebuyers have struggled to compete with conventional loans and cash offers in recent years. But as market competition wanes, sellers are likely to be more receptive to buyers with USDA, VA, and FHA loans. Keep in mind that you’ll h...
Down payments as low as 3.5% with an FHA loan First-time homebuyer activity was up last week, and government loans made up a bigger slice of the overall mortgage pie. Yummy news for buyers who may have lower credit scores and want to pay less upfront: First-time homebuyers have struggled to compete with conventional loans and cash offers in recent years. But as market competition wanes, sellers are likely to be more receptive to buyers with USDA, VA, and FHA loans. Keep in mind that you’ll h...
M. Ryan Gorman, Coldwell Banker CEO, joins 'The Exchange' to discuss the housing market as sales slow amidst rising mortgage rates.
M. Ryan Gorman, Coldwell Banker CEO, joins 'The Exchange' to discuss the housing market as sales slow amidst rising mortgage rates.
A report from the Tribune in California. “When will the San Luis Obispo County housing market return to normal? Housing prices have seen ‘enormous growth’ in the past couple of years, Cal Poly finance professor Ziemowit Bednarek said, increasing as much as 20% in the first quarter of 2021 and 18% in the first quarter of 2022. ‘We’re not going to see price reversal, home prices going back to what they were pre-pandemic,’ Bednarek said. ‘That’s not going to happen, at least ...
A report from the Tribune in California. “When will the San Luis Obispo County housing market return to normal? Housing prices have seen ‘enormous growth’ in the past couple of years, Cal Poly finance professor Ziemowit Bednarek said, increasing as much as 20% in the first quarter of 2021 and 18% in the first quarter of 2022. ‘We’re not going to see price reversal, home prices going back to what they were pre-pandemic,’ Bednarek said. ‘That’s not going to happen, at least ...
Bigger isn’t always better. After the mad dash by homebuyers to purchase larger places to live in at the height of the COVID-19 pandemic, some experts are making a case for more efficiently designed, smaller homes. With the pandemic seemingly waning, mortgage rates and home prices rising, and builders struggling to get anything up in the face of supply chain shortages, there’s a convincing argument to be made that home shoppers should consider seeking smaller houses. A new book by Sheri Koon...
Bigger isn’t always better. After the mad dash by homebuyers to purchase larger places to live in at the height of the COVID-19 pandemic, some experts are making a case for more efficiently designed, smaller homes. With the pandemic seemingly waning, mortgage rates and home prices rising, and builders struggling to get anything up in the face of supply chain shortages, there’s a convincing argument to be made that home shoppers should consider seeking smaller houses. A new book by Sheri Koon...
A report from Market Watch. “Daryl Fairweather — Redfin’s chief economist, who also worked at the Boston Fed says we’re seeing early signs that the housing market is starting to cool, at least in pricey coastal metros. ‘Buyers in markets like Los Angeles, San Francisco, Boston and Seattle who have lost out on several bidding wars may find they’re facing less competition from other buyers than they were a month or two ago,’ says Fairweather.” From Fox Business. “Real estate ...
A report from Market Watch. “Daryl Fairweather — Redfin’s chief economist, who also worked at the Boston Fed says we’re seeing early signs that the housing market is starting to cool, at least in pricey coastal metros. ‘Buyers in markets like Los Angeles, San Francisco, Boston and Seattle who have lost out on several bidding wars may find they’re facing less competition from other buyers than they were a month or two ago,’ says Fairweather.” From Fox Business. “Real estate ...
Just a few months ago, home sellers were living the high life. Once they decided to list their homes, everything was smooth sailing all the way. They didn’t have to bother with fixing much of anything or staging rooms to look bigger or better. Heck, many didn’t even trouble themselves to clean their homes before opening them up to eager buyers. And yet many sellers were still receiving multiple offers well over the asking price from buyers, who were often waiving home inspections and every o...
Just a few months ago, home sellers were living the high life. Once they decided to list their homes, everything was smooth sailing all the way. They didn’t have to bother with fixing much of anything or staging rooms to look bigger or better. Heck, many didn’t even trouble themselves to clean their homes before opening them up to eager buyers. And yet many sellers were still receiving multiple offers well over the asking price from buyers, who were often waiving home inspections and every o...
A report from the Sun Sentinel in Florida. “More inventory is coming back to the housing market and closed sales are plummeting as the buyer frenzy of the past year starts to taper. ‘Buyers cannot handle these high prices and high rates … they’re not making offers,’ said Patty Da Silva, real estate broker with Green Realty Properties in Cooper City. ‘And for sellers, I think a big portion of them wanted to take advantage of the market and they were holding for the top, and when it t...
A report from the Sun Sentinel in Florida. “More inventory is coming back to the housing market and closed sales are plummeting as the buyer frenzy of the past year starts to taper. ‘Buyers cannot handle these high prices and high rates … they’re not making offers,’ said Patty Da Silva, real estate broker with Green Realty Properties in Cooper City. ‘And for sellers, I think a big portion of them wanted to take advantage of the market and they were holding for the top, and when it t...
Michael Becker discusses what he is seeing in the apartment investing market today. Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a ‘loaner’ and now a “owner” of commercial real estate. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.
Michael Becker discusses what he is seeing in the apartment investing market today. Michael Becker has purchased over 10,000 apartment units between Dallas and Austin Texas. He is a former commercial banker and has a unique perspective of being of a ‘loaner’ and now a “owner” of commercial real estate. Please leave us a 5 STAR RATING on iTunes; if you enjoyed this podcast.