Tag Archives: Buying
Starter homes may be a thing of the past
Source: CNBC For millennial and Gen Z homebuyers, purchasing a starter home – smaller and less-expensive dwellings – may be a thing of the past as homeowners stay in their homes longer. Nearly 40% of Americans between the ages of 25 and 44...
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Why Bay Area home prices unlikely to drop despite higher mortgage...
Source: SF Chronicle Mortgage interest rates recently exceeded 5% for the first time in more than a decade. However, there are few signs that the sharp rise in mortgage rates will lead to noticeable declines in Bay Area home prices anytime...
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Latinos a growing force in the housing market
Source: Washington Post Latino homeownership is expanding across the country at a record pace, with younger buyers fueling much of the increase, according to data by the National Association of Hispanic Real Estate Professionals (NAHREP). The...
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Ways for buyers to better compete this spring
Source: Realtor.com Market competition is expected to grow more intense heading into the spring season’s busy buying market. Buyers will continue to compete for a limited number of homes for sale. Real estate professionals share...
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New single-family homes are getting bigger
Source: National Assn. of Homebuilders The pandemic has prompted more Americans to want to supersize their homes. The median single-family square floor area as increased to 2,337 square feet as of the third quarter, while the average (mean)...
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Unrealistic expectations of first-time buyers
Source: Realtor.com A first-time home buyer may need to be educated about the realities of the housing market before they fall in love with a home and then quickly lose out to another bid. To prevent heartache, real estate professionals can...
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