Closed sales of existing single-family homes were up on a month-over-month basis in August, but that’s likely in part due to August having a few more business days than July. As always, when we’re looking at very seasonal data like…
New-home construction dropped by 11.3% in August, falling short of expectations as builders shifted their focus from new starts to project completions due to elevated mortgage rates surpassing 7%. The annual pace of housing starts fell to 1.28 million, with single-family home construction posting a 4.3% decline and apartment construction plummeting by 26.3%, according toRead …
How Elevated Mortgage Rates Are Affecting Housing Starts Read More »
Beautiful Dade City Florida (just north of Tampa) was basically a stranger to the new construction boom until recently. Now, new home buyers have their choice of different builders, neighborhoods, amenities and price point. In this video I will show…
Starter homes—traditionally the entry point for first-time buyers—are now often out of reach for first-time buyers due to bidding wars and fast-rising prices in a market where median home list prices have surged 38%, mortgage rates have doubled, and the housing shortage has worsened over the last four years. The price of an “affordable” starterRead …
Entry-Level Homes Are a Reach for First-Time Buyers Read More »
AI can save time, enhance organization, generate fresh ideas, and polish content to make it even more compelling. Find out what you need to know to leverage AI like ChatGPT in your real estate marketing while understanding its limitations and…
High mortgage rates are driving a housing market slowdown and leading to reduced home sales and a dwindling supply of available Many sellers are reluctant to give up their low mortgage rates secured during the pandemic, exacerbating the inventory…
Kansas City Chiefs quarterback and two-time Super Bowl champ Patrick Mahomes is trying again to find a buyer for his Kansas City, MO, penthouse. The asking price is $550,000, a 13% increase on the pad’s $485,000 price tag back in 2019. Unable to match his on-field success four years ago, Mahomes is taking another crackRead …
Patrick Mahomes takes another pass at selling his Kansas City penthouse Read More »
