(Don’t ignore the stories and articles from past years or from my 2021 Real Estate News posts – many stories from last year are applicable this year as well.)
First-Time Home Buyers Are Vanishing From the Market
Real estate tech company faces scrutiny over alleged collusion with landlords on rent
CONSUMER ALERT: Scam Warning to Georgia’s Older Adults
Despite a Contraction in Sales Activity, the Homebuying Market Remains Competitive
Real Estate Startup Reali Closes Shop After 6 Years
Housing market sees rise in canceled contracts – The number of sale agreements on existing homes canceled by Americans was just under 15% in June compared to 11% last year.
Zillow brings Opendoor offers to its platform
Your local housing market just shifted—these 2 interactive maps show exactly how fast
Zillow and Opendoor entered a multi-year partnership that will allow home sellers on Zillow’s online platform to seek offers from the iBuyer.
NAR held its virtual Real Estate Forecast Summit: Residential Update event – which provided an outlook on the residential market.
I’m not a tax expert – please consult one – but here’s an interesting article from YAHOO – Here’s How You Can Avoid Capital Gains Tax on Real Estate
Wave of the future? Real Estate Fund Quietly Purchases Entire Community Of 233 Single-Family Rental Homes In Panama City, Florida
Lumber prices are falling, but when will consumers see savings?
How to prepare to buy a house in 8 steps: 2022 Guide
JPMorgan Chase to cut hundreds of mortgage jobs
Housing market is cooling as an estimated 25% of home listings cut their asking prices: ‘We’re shifting from a real buying frenzy to much more normal conditions’ – https://www.marketwatch.com/story/housing-market-cools-as-an-estimated-25-of-home-listings-cut-their-asking-prices-were-shifting-from-a-real-buying-frenzy-to-much-more-normal-conditions-11655230463
Is it time to break up with your real estate agent?
The Fed plans to ‘reset’ the housing market—raising the likelihood of falling home prices
NAR Chief Economist Lawrence Yun Predicts Uncertainty for the Housing Market
2022 Housing Market Forecast Midyear Update: More Options for Home Shoppers
How the Fed’s rate hike will affect the housing market – Cool down and less volatile market
I’m the chief economist for the National Association of Realtors. Here are 6 things to know about the housing market now
Buyers fell out of market over getting outbid several times by cash offers…
Citing a five-month decline in pending home sales, as well as a drop in newly constructed single-family sales, Yun predicts the higher mortgage rates will slow the housing market.
your average monthly housing costs for the typical Georgia home would be $2,214 in 2022.
How much do you need to make to afford a house in Georgia this year? If you are spending the average 19% of your annual income on your home, then your annual household income would need to be around $139,831. According to a common financial adage, you can spend up to 30% of your income on housing. At that rate, you’d need an annual household income of about $90,000 to afford that same home. If you can afford to put more than 6% of your home’s value down as a down payment, it will help decrease your monthly costs considerably. Many home buyers try to put down 20% of their home’s value. Speak with a trusted financial advisor before making any major moves in the modern housing market.
Real estate agents got $3.9 billion in Covid relief PPP loans. The housing market boomed, but few repaid the loans.
Instant Reaction: Case-Shiller Index Shows Single-family Home Prices Up 20.6% in March 2022
Realogy Unveils New Name: ‘Anywhere’ – It includes Cartus, an employee relocation service; and major U.S. real estate names, such as Better Homes and Gardens Real Estate, CENTURY 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, Ziprealty, and Sotheby’s International Realty.
Citigroup recently published a report projecting the metaverse to have a $13 trillion total addressable market made up of 5 billion people by the year 2030.
The Weird Reason You Confide More in a Real Estate Agent Than Your Therapist—or Even Your Best Friend
NFT Technology & Digital Properties: The Next Frontiers in Real Estate Industry
Common Real Estate Myths That You Need To Know
Fannie Mae says a recession is likely to hit next year, and it could hit the housing market too
‘It’s possible we may see another increase soon.’ 5 economists and real estate pros predict what mortgage rates will look like the rest of 2022
Mortgage Fraud: Understanding and Avoiding It
LexisNexis Risk Solutions True Cost of Fraud Study: Real Estate Report Reveals Every $1 of Fraud Costs Depository Originators $5.34
Condo Prices are rising to record highs
Higher interest rates make it harder to afford a property as the cost of borrowing becomes more expensive. Still, Presti doesn’t expect that to affect prices at least in the near team because of the inventory levels.
HOAs and Legislators Consider Taking Action Against Real-Estate Investors
Disbarred real estate attorney Mitch Kossoff gets 4+ years in prison
Chief Economist For National Association Of Realtors Predicts Uncertainty For Housing Market
Some economists suggest that home sales this year could decline as much as 10% from 2021 levels.
Mortgage delinquency rate reaches lowest level since 2019 Q4
NAR Chief Economist Lawrence Yun Predicts Uncertainty for the Housing Market
NEBRASKA SUPREME COURT: LIS PENDENS PROTECTS BUYER’S RIGHT TO ACQUIRE REAL ESTATE BY COURT ORDER
Leaks, termites, and cracked foundations: Skipping home inspections in a competitive market is tempting — and risky
Need an all-cash offer to win a bidding war? These 6 startups can help you buy your dream home. Juat be prepare to pay hefty fees to do any of this…there is NO FREE LUNCH.
Fannie Mae announces title insurance shake up
SURVEY: 43% OF SELLERS EXPECT THEIR HOME TO SELL OVER ASKING PRICE
“The housing market is starting to feel the impact of sharply rising mortgage rates and higher inflation taking a hit on purchasing power,” said Lawrence Yun, NAR’s chief economist. “Still, homes are selling rapidly, and home price gains remain in the double-digits.”
Still a low inventory of homes: With slower demand, the inventory of unsold existing homes increased to 950,000 as of the end of March. That would support 2.0 months at the monthly sales pace.