Over the past year, housing values in Albuquerque, NM have shot up, increasing $44K compared to August 2021. However, with interest rates on the rise, we’re seeing a cooling in the prices and home buyers are becoming increasingly hesitant to make the purchase. The housing market feels unstable and many buyers are stepping back, hoping that the interest rates will decrease within the next year. Some wonder if the housing bubble will burst and want to wait for dramatic decreases in home pric...
Over the past year, housing values in Albuquerque, NM have shot up, increasing $44K compared to August 2021. However, with interest rates on the rise, we’re seeing a cooling in the prices and home buyers are becoming increasingly hesitant to make the purchase. The housing market feels unstable and many buyers are stepping back, hoping that the interest rates will decrease within the next year. Some wonder if the housing bubble will burst and want to wait for dramatic decreases in home pric...
A slew of figures released over the past three days gives ample evidence of at least a cooling. Existing-home sales dropped in June for a third straight month. Purchases of new homes are at their slowest pace in eight months. Inventory, which plunged for years, has begun to grow again as buyers move to the sidelines, sapping the fuel for surging home values. Prices for existing homes climbed 6.4 percent in May, the smallest year-over-year gain since early 2017, and have gained the least over thr...
A slew of figures released over the past three days gives ample evidence of at least a cooling. Existing-home sales dropped in June for a third straight month. Purchases of new homes are at their slowest pace in eight months. Inventory, which plunged for years, has begun to grow again as buyers move to the sidelines, sapping the fuel for surging home values. Prices for existing homes climbed 6.4 percent in May, the smallest year-over-year gain since early 2017, and have gained the least over thr...
April 2007. It seems like a lifetime ago to me. It was the month that I began my real estate career. It was also the month that was the end of the housing boom and began a decade-long housing crisis that spurred the “Great Recession”. How did we get to the housing crisis in 2007? Will we see a housing market crash in 2022? There were many things that lead to the housing crisis in the early 2000s. Some of those things we see today but many we don’t. Let’s review what happened then and wha...
April 2007. It seems like a lifetime ago to me. It was the month that I began my real estate career. It was also the month that was the end of the housing boom and began a decade-long housing crisis that spurred the “Great Recession”. How did we get to the housing crisis in 2007? Will we see a housing market crash in 2022? There were many things that lead to the housing crisis in the early 2000s. Some of those things we see today but many we don’t. Let’s review what happened then and wha...
The online reaction to the Dallas Fed's statement was immediate — housing must be about to crash. Here's why I disagree.
The post Is the Dallas Fed right to label this a housing bubble? appeared first on HousingWire.
The online reaction to the Dallas Fed's statement was immediate — housing must be about to crash. Here's why I disagree.
The post Is the Dallas Fed right to label this a housing bubble? appeared first on HousingWire.
The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming? To answer this question, there are two things we want to understand. The first is the reality of the shift in today’s housing market. And the second is what experts are saying about home p...
The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming? To answer this question, there are two things we want to understand. The first is the reality of the shift in today’s housing market. And the second is what experts are saying about home p...
Three straight months of sluggish home sales and a lack of new home starts has fueled discussion among industry experts about whether or not we're heading for a replay of recent history. We're joined by superstar agent, Michele McClintock, the country's leading expert on short sales, to deciper the signs and share how agents can best be prepared for what the future market holds.
Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher
Learn...
Three straight months of sluggish home sales and a lack of new home starts has fueled discussion among industry experts about whether or not we're heading for a replay of recent history. We're joined by superstar agent, Michele McClintock, the country's leading expert on short sales, to deciper the signs and share how agents can best be prepared for what the future market holds.
Schedule A Free Coaching CallVisit Tim & Julie Harris OnlineListen on iTunesListen on Stitcher
Learn...
