The housing market has exploded since 2020. The pandemic fueled a house-buying frenzy with remote work and leaving large urban areas to live in different parts of the country is becoming more mainstream. According to the National Association of Realtors, 31% of all home purchases since 2020 have been made by first-time home buyers. “Buying… Continue reading Buying your first home: What you should know
Even with swiftly growing prices, owning a home remains the wiser financial choice, a new study shows. Source: Homeownership Still More Affordable Than Renting | Realtor Magazine
Housing experts say buyers can expect similar market trends to the past two years: elevated prices, low inventory and fast turnaround. Source: What will the 2022 housing market look like?
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Lenders look at the length of your history as part of determining your creditworthiness. Source: How Much Credit History Do You Really Need?
How bad is it for buyers? See where your city falls in these rankings. Source: The 50 Most Competitive Housing Markets | Realtor Magazine
Record-low inventory, rather than a decline in demand, is slowing sales, says NAR’s chief economist. Source: Pending Home Sales Dip in February | Realtor Magazine
SONY DSC The national median home-sale price rose 14.4% year over year to $336,200 in February, the largest increase seen since July 2013. Source: 36% of Homes Sold Above List Price in February, the Highest Share on Record
The Columbus Realtors Association released its housing report. The association says the listings haven’t changed, but the demand has changed. https://www.10tv.com/mobile/article/news/local/central-ohio-housing-demand-at-historic-level/530-07275145-3f20-4241-a2df-69b4459841e4
However, “the market is still outperforming pre-pandemic levels,” says NAR Chief Economist Lawrence Yun. Get insights from the association’s latest housing report. Source: Inventory Crisis Pushes Down Existing-Home Sales | Realtor Magazine