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Seasonal trends have an impact on home selling and buying success. Whether you’re receiving a real estate deed for the first time, or conveying your deed to a new buyer, having a sense of the market is helpful for planning.
The housing market stalled in 2023. Can this new Spring season reactivate it? Anything can happen. But one thing is already clear. Home buyers are back. And sellers are there to meet them.
Continue reading “Ready, Set…Here Comes a Real Spring Home Buying Rush”
This year’s trend study from CoreLogic® shows a steady rise in mortgage lending in mainly Hispanic neighborhoods.
Hispanic buyers tend to be younger and less affluent than other buyers across the board. Many are coming into real estate as first-time buyers. They’re motivated. Many will opt for FHA loans if conventional loans are out of reach.
Now, the proportion of Hispanic homebuyers will really surge. That’s because of the young age of this segment of the U.S. population.
Continue reading “Hispanics Will Be the Majority of New Homeowners by 2040. Can the Market Meet Their Needs?”
Given today’s incomes, mortgage interest rates, and the prices on homes, we just had the least affordable month for U.S. housing in our century.
September 2023 was the second record-breaking month this year. We might be headed for a third record before the year’s over.
In fact, the last time it was this hard to buy a home was back in the early 1980s.
Continue reading “Frustrated Home Buyer? It’s Not You. Affordability Is the Worst It’s Been in a Century”