From our friends in KCM
If you’ve recently decided you’re ready to become a homeowner, chances are you’re trying to figure out what to do first. It can feel a bit overwhelming to know where to start, but the good news is you don’t have to navigate all of that alone.
When it comes to buying a home, there are a lot of moving pieces. And that’s especially true in today’s housing market. The number of homes for sale is still low, and home prices and mortgage rates are still high. That combination can be tricky if you don’t have reliable expertise and a trusted advisor on your side. That’s why the best place to start is...
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From our friends in KCM
If you’re feeling a bit muddy on what’s happening with home prices, that’s no surprise. Some people are still saying prices are falling, even though data proves otherwise. Part of that misconception is because people are getting their information from unreliable sources. But it’s also coming from some media coverage misrepresenting what the data really shows.
So, to keep things simple, here’s what you really need to know using real data you can trust.
Normal Home Price Seasonality Explained
In the housing market, there are predictable ebbs and flows that happen each year. It’s called seasonality. Spring is the peak homebuying season when the market is most active. That...
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City and nonprofit scramble to thwart the deal, which works out to $150K per unit
By: The Real Deal
A landlord convicted of arson-for-hire is buying an affordable apartment building in San Francisco’s Mission District — unless a local nonprofit can raise enough cash to kill the deal. Richard Earl Singer and his SF Hotel 447 firm have bought the 18-unit complex containing the nearly 50-year-old Eddie’s Cafe at 800-812 Divisadero Street, the San Francisco Chronicle reported, citing Supervisor Dean Preston and an unidentified broker behind the sale.Singer is under contract to buy the three-story building for $2.7 million, or less than $150,000 per unit when including the ground-floor cafe.
The...
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By Clare Trapasso | REALTOR.COM
Is the housing market overvalued?
It’s an increasingly fraught question, and the answer might depend on who’s being asked.
Some real estate experts believe home prices are well above what they should be and expect them to begin coming down. Others think the high prices make sense given how many people are still in the market looking for properties, despite mortgage rates nearing 8%.
“If you look at how much income homebuyers are putting toward their housing payment, if the number is not the highest ever, it’s really darn close,” says Realtor.com® Chief Economist Danielle Hale.
No one wants to buy a home at the peak of the market—and...
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