In most Texas metros, the conversation about housing affordability centers on rising prices. In San Antonio, the pressure is coming from a different direction: pre-owned homes are sitting unsold while builders undercut them on price, financing, and condition, according to Katie Powers, a team lead and broker with the Lifestyles of San Antonio team. The ...
For years, the mortgage industry’s affordability conversation has centered on one variable: interest rates. When rates fall, more buyers qualify. When they rise, the pool shrinks. That framework is increasingly incomplete. Rising insurance costs and elevated consumer debt loads, built up over several years of a difficult borrowing and cost-of-living environment, are creating qualification barriers ...
For two weeks earlier this year, 30-year mortgage rates dipped below 6% in the South Bay of Los Angeles. Multiple offers materialized on properties that otherwise would have sat, and homes sold for $50,000 to $100,000 over list price. Then geopolitical conflict pushed oil prices and rates back up, and the market cooled just as ...
Six months ago, homes in and around Jamestown, New York were moving fast regardless of price. That’s no longer the case. A clear divide has emerged: properties listed under $150,000 are still attracting quick offers, while homes above that threshold, including rural listings with acreage that would have sold rapidly earlier this year, are sitting ...
The Dallas-Fort Worth housing market is sorting transactions along a single axis: pricing accuracy. Properties listed at market value are moving in under two weeks across a wide range of price points, according to Katherine Hubbard, broker at DFW 1% Listings LLC. Properties listed above market value, often by sellers still anchored to the conditions ...
The Austin housing market spent years as one of the hottest in the country. Now sellers accustomed to fielding dozens of offers are adjusting to a market where buyers have leverage and new construction is setting the terms. According to Laura Ivy Blessing, who leads the Blessed Life Group in Austin and has more than ...
The Dallas-Fort Worth metroplex has roughly four months of housing inventory, enough to tip conditions firmly in buyers’ favor after the seller-dominated stretch of 2022 and 2023. For first-time buyers, that shift has opened a window that did not exist two years ago: sellers willing to contribute to closing costs, combined with grant-based down payment ...
The Austin metro grew faster than any other major U.S. market from 2010 to 2022, according to Ahmad Homidi, a real estate agent with eXp Realty who focuses on new construction in the North Austin corridor. That pace has slowed, but the development pipeline in the northern and western suburbs has not shut off, and ...
Buildings that broke ground during the low-rate environment of 2020 to 2022 are completing at once. The resulting inventory surge is pressuring landlords who expected to hold pricing power. Philadelphia’s rental market is absorbing this wave of new apartment inventory. Developers set it in motion years ago, when they locked in favorable financing during the ...
In central Collin County, Texas, homes priced between $1.3 million and $1.6 million sold briskly during the 2020–2022 run-up. Now they linger on the market. The reason is not poor condition or weak marketing. The buyer who once dominated that price band has disappeared from both directions. When the Middle Disappears According to Sean Elliott, ...
A financing tool long reserved for community facilities has, according to one tribal housing official, been applied to tribal residential housing for what she describes as the first time. This could offset 20 to 25% of total project costs for tribes facing severe housing shortages and limited access to conventional capital. Alexandra Terry, Deputy Director ...
Rents in Chicago’s multifamily market are rising faster than in any other major U.S. market, according to Lawrence Dunning, a broker with The Dunning Team at Fulton Grace Realty. Yet buyers and sellers cannot agree on what buildings are worth. Rising construction costs and higher borrowing expenses have created a valuation standoff. Transaction volume is ...
Non-QM, short for non-qualified mortgage, refers to home loans that do not meet the strict criteria set by government-backed programs like Fannie Mae and Freddie Mac. Real estate investors often use this category when their income doesn’t fit conventional underwriting molds. Most non-QM investment loans are underwritten on a single question: does the property’s rental ...
Homes in Philadelphia are taking longer to sell even though housing supply remains limited. The problem isn’t a supply glut. It’s a deepening mismatch between what buyers can afford and what sellers are asking. According to Alona Richardson, a Realtor at OCF Realty LLC, the disconnect is sharpest in the middle of the market, where ...
Military relocation buyers are moving steadily into the Katy and western Houston suburbs, and most agents on both sides of these transactions are underprepared for what that means, according to Niky Barker, Team Leader & REALTOR at Barker Group, Keller Williams Signature. The financing mechanics are specialized, the timelines are compressed, and the stakes for ...
