Selling Real Estate

Housing affordability in the United States is at the lowest levels since at least January 1989 (i.e. at least a 34 year low). This is because home prices and mortgage rates still remain very high. More importantly though, the qualifying income to purchase a median priced home has increased by 106% over the past 3

Very interesting dynamics happening in the US housing market right now. For example, over the past 11 weeks, there have been fewer homes for sale compared to a year earlier. This is drastically different from the 50-60% year-over-year gains from December 2022 through March 2023. This decrease in housing inventory is mainly due to new

Redfin CEO Glenn Kelman spoke with Yahoo Finance anchors Akiko Fujita and Seana Smith about the outlook for rising U.S. home prices while buyers struggle through affordability issues. “At this point 30 years ago, in their lifecycle, Baby Boomers owned more than 20 percent of U.S. national wealth whereas Millennials own less than 10 percent,”

The US housing market is severely unhealthy. For example, the US median sold price is up by 9% year to date even though average 30 year fixed mortgage rates have been above 7% ever since late July. Because prices and rates are still very much elevated, housing affordability is very close to an all-time record

They say you can never tell that we are in a speculative bubble until it’s too late. Part of the nature of a collapse is that it surprises everyone. This was true in nearly every example throughout economic history. In 2008 very few people were sounding alarm when it came to housing. The common belief

Temporary mortgage rate buydown programs grew in popularity due to the rise in mortgage interest rates last year. This is a type of home loan program in which the homebuyer temporarily reduces their mortgage payment. For example, in a 2/1 rate buydown the interest rate during the first year is reduced by two percentage points.

What a VOLATILE housing market we have in the United States. For the past 10 weeks, there have been fewer homes for sale compared to a year earlier, which is drastically different from the 50-60% year-over-year gains from December 2022 through March 2023. This decrease in housing inventory is mainly due to new listings falling

The Housing Market Is Stuck With Mortgage Rates Sitting Towards Long Term Highs While House Prices continue to rise. In addition we have inflation and employment easing but other data showing the economy is still strong. Should you buy now or wait? In this video, we discuss all things housing to help you understand what’s

One of the world’s most successful and respected real estate investors is sounding alarm bells of the hurricane brewing in the real estate market. Barry Sternlicht is a billionaire and the co-founder, Chairman, and CEO of Starwood Capital Group, an investment fund with over $120 billion in assets under management. Starwood is one of the

Home Sellers, Home buyers, Real Estate Investors are all DONE with this housing market. With prices at these levels combined with the mortgage interest rates, buying a home for investment is hardly profitable. The prospect of selling is daunting having to face a much higher monthly payment and buyers are completely priced out. So what

UNSUSTAINABLE! The housing market trends I share in today’s video are NOT sustainable. For example, the US median sold price is up by 9% year to date and average 30 year fixed mortgage rates are still hovering around 7%. Because prices and rates have been on the rise, housing affordability reached yet another all-time record

It’s now of the belief of many economists and housing experts that there will be “no housing crash.” So I have Nick from @ReventureConsulting on to help explain why they are wrong, and push back against some of the status quo reasoning. Need a Realtor? https://homeandmoney.com/michael/ ====== Like My Sunglasses? Get a Pair https://s.click.aliexpress.com/e/_DlJ2yUv ======

Housing inventory of existing houses in the US is at very low levels so are homebuilders ramping up construction to fill that void? In today’s video, I share a report from the US Census Bureau regarding the construction of new single family houses as well as multi-family properties such as apartment buildings. They reported a

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