Many sellers are sitting out the Spring 2023 real estate market across the US. New listings fell again in March, which is down 20% from the same month last year, according to a CNBC article on March 30, 2023. February 2023 had a 16% drop in listings, so this was an even deeper drop. Listings [...]
Renovation trends in 2023 comes from a study done by Houzz. This was a large survey of Houzz users - 46,118 people, which included 24,667 who are either currently renovating, planning to renovate in 2023, or did home renovations in 2022. Of those surveyed and did a home renovation in 2022, 61% said they plan [...]
The US housing shortage, which has created a heated market, could go on for years, according to a homebuilder CEO in a CNBC interview. Taylor Morrison CEO Sheryl Palmer said in the interview, "We are at multiyear lows as far as new and resale inventory, and, honestly, it's going to be very difficult for [...]
Across the US, home sales in December 2019 dropped more than the usual seasonal reduction in sales. Home sales dropped an average of 6.4% from November. According to both the National Association of REALTORS and a CNBC article, the drop was unusually large, as sales generally vary monthly in the very low single digit averages. [...]
How much will your home renovation get you in return? Well, it depends on what and how much you do. I realize that sounds as clear as mud. But based on a CNBC post, the answer varies depending on the situation. A survey was done by Remodeling magazine to determine what gave homeowners the best [...]
Mortgage applications are up both from last week and last year at this same time. There were 4.5% more mortgage applications submitted last week than the week before, and 6.1% higher than the same time last year. This is the highest level of new purchase mortgage applications since April 2010. CNBC has a great article [...]
Millionaire David Bach says, "Buying a home is an 'escalator to wealth'," according to an interview with CNBC. He states in the CNBC article, "If millennials don't buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than [...]
A recent statement by John Paulson of Paulson & Co, Inc. shows that housing prices are expected to rise 3-5% in 2010. CNBC published an article with quotes from the group's owner, who tracks home prices in California, and notes that what happens in the state tends to trend about six months later in the [...]