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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From our friends in KCM
If you’re looking to make a move, you want to be sure you have the latest information on the housing market. To help make that possible, here’s an update on the supply of homes for sale today. Whether you’re looking to buy or sell, the number of homes available in your local market matters to you. Take a look below.
What’s the Truth About Today’s Housing Inventory?
While the story for the past few years has been how few homes are on the market, recent national data may leave you feeling a bit confused. That’s because Realtor.com shows inventory is actually growing a bit month-over-month in many parts of the country...
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By: Kate Talerico | Marin Independent Journal
The Bay Area, with its million-dollar views and multimillion-dollar enclaves, has kept its status as the most expensive metropolitan area in the United States.
The region’s ZIP codes make up 37 of the top 100 most expensive ZIP codes in the country, according to a new 2023 ranking by real estate data company PropertyShark that examined median home sales prices.
Marin County has six ZIP codes on the top-100 list, led by Stinson Beach at No. 6. Its ZIP code, 94970, had a median home price of $4.5 million last year, according to the analysis.
Debra Allen, a Coldwell Banker Realty agent who was involved in...
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