First-time buyers made up 48% of house hunters in London this year, data shows | Housing market
Almost half of all home buyers in London earlier this year were first-time buyers, according to figures from major estate agents, as cheaper mortgages slowed the exodus from the capital. A Hamptons analysis of data from Countrywide Real Estate agents found that 48% of buyers in the city between January and June were first-time homebuyers. […]
Housing begins to tip in favor of buyers; sellers slash prices to entice them back to market: report
Buyers may finally have the upper hand in the housing market. (iStock) As homebuyers back out of homes, some home sellers have been forced to lower their asking prices in order to complete the sale, Zillow reported recently. report Said. Nearly a quarter of sellers were forced to reduce their prices to generate purchasing interest […]
Mets’ injuries should only solidify stance as buyers in pitching market
The uncertainty and fluidity of this period is currently embodied by the Mets and their starting pitching staff. Not long ago, before they were playing as the best team in the National League, the Mets were expected to trade a one-year starting pitcher or three. As their performance improved, the Mets were still considering whether […]
Home Buyers Remain on Strike, Housing Market Still Frozen as Prices Are Too High, Mortgage Rates Still 7%
Estimated Reading Time: 2 minutes Powell to Congress: Higher rates are “the absolute best thing we can do for the housing market…” – “…particularly for younger people who are not yet in the housing market.” However we want to interpret this, it’s fascinating. Powell told Congress on Tuesday: “There’s no question that higher interest rates […]
Netflix real estate expert urges buyers in new direction that could ‘disrupt’ entire housing market
When Ross Geller yells “Pivot!” With mortgage interest rates hovering around 7%, limited housing inventory and rising home prices, prospective buyers are facing a tough situation. But one celebrity real estate expert and rising star of Netflix’s exclusive New York City-set real estate reality show, Owning Manhattan, hosted by real estate luminary Ryan Serhant, is […]
Here’s where buyers have it the worst as home affordability tanks
Home affordability is at its lowest level since 2007, according to a new report from ATTOM Data Solutions. According to a report from a real estate data analytics company, costs associated with homeownership, such as mortgages, home insurance and property taxes, currently take up 35.1% of a homeowner’s take-home pay. This percentage is up from […]
Manhattan is now a ‘buyer’s market’ as home prices fall with more than 8,000 apartments still available
Manhattan is a “buyer’s market” as prices plummet and inventory rises to a 10-year high, according to a new report. The average price of an apartment fell 3.3 percent to $2 million in the second quarter, according to the research firm. Reports from real estate appraisal and consulting companies Douglas Elliman and Miller Samuel. The […]
Why the Mets just might be trade deadline buyers after all
If the Mets continue to perform well, general manager David Stearns could be a surprise buyer at the MLB trade deadline. Stearns wasn’t ready to commit to a buy or sell strategy on Friday ahead of a 31-day planning period, but he could “definitely” envision a scenario in which he would add players to help […]
Home prices hit new record in April as shortage deepening pain for would-be buyers
Home prices hit a new record in April. Housing shortageThis is despite rising mortgage rates putting home buying out of reach for more Americans. The S&P CoreLogic Case-Shiller index showed Tuesday that national inflation rose 6.3% year-over-year in April, down from 8.3% the previous month. On a monthly basis, prices rose 0.3%, according to the […]
San Francisco home hits market for $488K but buyers have to wait 30 years to move in
The move may take a while. A home in an upscale San Francisco neighborhood where properties typically sell for millions of dollars is on the market at a mind-blowing price, but potential buyers won’t be able to move in for nearly 30 years. The property, located two blocks from the city’s north shore, was listed […]