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 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 ...
For years, lakefront real estate around Anderson, South Carolina ran on a straightforward formula: limited shoreline, steady inbound migration, and prices that moved in one direction. That formula has fractured. Persistent drought, a federal infrastructure decision that will keep Lake Hartwell’s water levels suppressed for up to a decade, and a glut of new construction ...
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 ...
In a county where land for new construction is increasingly scarce, and supply sits below three months, it might seem like any well-maintained home would sell quickly. But in Orange County, California, a subtler sorting mechanism is separating homes that move in 30 days from those that sit for three months. The difference often comes ...
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 ...
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 ...
In a Chambersburg-area neighborhood where homes sell for $800,000 and above, one family bought a property for just over $400,000. The discount had nothing to do with location or structural problems. The home was missing a deck. That gap between purchase price and neighborhood ceiling illustrates a pattern Sally Chaplin, of The Chaplin Group, and ...
Investor-renovated homes near downtown San Antonio are sitting unsold for months. The problem isn’t poor renovations or bad pricing. Too many investors targeted the same neighborhoods at the same time. According to Janet Wingrove, team lead and co-founder of Empire Real Estate Team at Keller Williams Heritage, areas that once looked like strong gentrification opportunities ...
While luxury condos and Class A multifamily properties dominate Miami’s real estate headlines, a different investment strategy is generating stronger returns for investors in the region. Lawrence Resnick is a Realtor at The Paz Group who focuses on commercial and multifamily transactions across Miami-Dade and Broward County. He says the properties producing the best yields ...
Houston’s median sales price ranges from $324,000 to $342,000. These figures suggest a stable, affordable market compared to Austin, Dallas, or coastal metros. But according to Pedro Iznaga, Senior Agent at Redfin Corporation, those numbers hide a more complicated picture. The market doesn’t behave as one entity. It behaves as dozens of distinct micro-markets, each ...
Most first-time buyers in the outskirts of Los Angeles County assume they should wait for mortgage rates to drop before purchasing. But if home prices keep climbing while they wait, the savings on interest get erased by a higher purchase price, and the higher principal balance stays for the life of the loan. Gabriella Godde, ...
The most common misconception among first-time homebuyers has not changed much over the years: they believe they need a large down payment and excellent credit to qualify for a mortgage. In parts of Los Angeles County where median home prices sit around $500,000, that belief keeps would-be buyers on the sidelines, paying rent while assuming ...
