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Housing supply is at record low levels and part of the reason why is due to mortgage interest rates skyrocketing this year which is causing home owners to not sell their houses. In today’s housing market update, I share the latest details from the National Association of Realtors for the US housing market. Meanwhile the
The structural frame of a house is seen at The Collection at Morristown, a housing development by Lennar Corporation, in Morristown, New Jersey, November 13, 2021. Andrew Kelly | Reuters Last week we learned that housing prices grew rapidly yet again in January. The widely followed S&P CoreLogic 20-City Home Price Index was up 19.1%
This townhouse has more amenities than blocks worth of New York City. This sprawling, seven-story (including finished basement) Manhattan manse exudes glamour — but inside, the decadence is truly beyond. The Upper East Side spread, at 164 E. 70th St., features 7,400 square feet of not just mere living space — but the kind of
Getty Images For most Americans, the surging cost of living is weighing heavily on their wallets. “Wage growth has failed to match the dizzying pace of rising prices, which the Federal Reserve has effectively identified as ‘monetary policy enemy No. 1,'” said Mark Hamrick, senior economic analyst at Bankrate.com. After the Fed raised interest rates for the
In this article HIPO Pixelseffect | E+ | Getty Images Buying a home? Don’t forget to budget for repair costs. Most homeowners (77%) have dealt with an unexpected issue that required paying for a repair in their first year of owning their house, according to a survey from insurance firm Hippo. Two-thirds of them spent
The U.S. House of Representatives plans to vote on a bill to federally legalize marijuana on Thursday. And President Biden is ready to sign it. This is an absolute game-changer for the American economy and imports of cannabis crops are set to explode as a result. There is only one company in the world that
For nearly two years now, hesitant buyers have been asking agents the same question: “Are we in a bubble?” We don’t think so. On today’s State of the Market podcast, real estate experts Kelly Skeval and Karen Hollands share their market predictions for 2022. After that, they discuss several investment strategies that have been proven
Checkout what Steve from Flip Lab has to say about budgeting a full fix and flip rehab, what things should cost, and how to successfully manage a renovation. FOLLOW ME ON ➡️IG:https://bit.ly/3uESUnc ➡️FB:https://bit.ly/3dPguHl ➡️TikTOk:https://bit.ly/2POMjYA
Should I Buy Real Estate In 2022? US Housing Market Predictions 2022? If you are looking to buy real estate in 2022 you should focus on off market real estate. Off market real estate are going to present some great opportunities in 2022 and beyond. Whether it be houses, Vacant Land, Small Apartments, large apartments
The 2022 US housing market is hugely unhealthy for homebuyers right now. This is due to spiking mortgage interest rates, increasing home prices and record low housing supply. In other words, rates have spiked but home prices haven’t decreased at the time of the video on a national average. Meanwhile the average 30yr fixed rate
Buying a house can be expensive. The typical U.S. home will set you back $331,533, according to Zillow, up 20% in the last year. But the mortgage amount most likely won’t cover all of the upfront costs homebuyers will face. Check out this video for a full breakdown of what costs to expect and how
As Russian forces continue to bombard Ukraine, many Americans are deciding to shell out on a bunker. “In the past month, I would have normally fielded less than 100 inquiries — I’ve fielded over 3,000,” Garry Lynch, CEO of steel bunker and bomb shelter builder Rising S Company, told the Guardian of the average amount
Sturti | E+ | Getty Images With skyrocketing housing prices, homeownership may be out of reach for many Americans. Yet rents are also rising. So how do you know if you should own a home or rent? It depends on a number of factors, experts said. “If you’re not sure whether or not you want