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Realtor.com Site Visitor Survey Results: Homebuyers Respond to Challenges from the Market and the Economy at Large
Highlights High listing prices and high mortgage rates lead 34.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of buyers to report budget challenges in their homebuying experience. The share of buyers who report being overbid on a home has decreased as the market has begun to correct itself. Buyers are increasingly targeting homes in other states and smaller towns in a search for affordability. 40.5{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of all buyers and 45.3{d4d1dfc03659490934346f23c59135b993ced5bc8cc26281e129c43fe68630c9} of first-time buyers believe the US is currently in a recession, and recession perception is increasingly affecting when buyers are looking to make a purchase. Background and Context In order to better understand the sentiment and experiences of buyers, sellers, and renters currently on the market…
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Home prices have begun falling in these 10 cities, according to Realtor.com
An influx of smaller sized one-family properties — paired with falling demand from customers amid greater mortgage loan charges — has driven household sales and rates down in some marketplaces. (iStock) When low housing stock continues to pose a dilemma for homebuyers, increasing house loan fascination premiums look to be dampening demand from customers and leveling out dwelling prices in pick out regional markets, according to a new report from Realtor.com. “A lot of would-be purchasers are currently being priced out of homeownership as better home loan prices necessarily mean more high-priced monthly housing payments,” the report reads. “But when there are fewer consumers competing for households and bidding them…
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I’m the senior economist for Realtor.com. 5 things to know about the housing market
George Ratiu is the senior economist and supervisor of economic research at Realtor.com. Real estate agent.com For a lot more than 15 a long time, George Ratiu has been researching the housing current market. He’s the senior economist and manager of financial investigate at Real estate agent.com, the place he focuses on trends in global economies and real estate markets. He’s also a previous supervisor of investigation courses at the National Association of Realtors, where by he specialized in housing figures, global and industrial real estate current market general performance and additional. (Realtor.com is owned by the identical father or mother organization as MarketWatch.) So we questioned Ratiu: What do…
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The top housing markets in 2022 projected by Realtor.com
Barron’s associate editor Andrew Bary shares his insights on affordability in today’s housing market on ‘Barron’s Roundtable.’ Realtor.com has released its projections for where the hottest housing markets in the U.S. will be in 2022, listing the ten areas it sees as positioned for the most growth next year. The real estate site reported that the areas topping its list have strong local economies with vibrant culture and opportunities for recreation – and the combination of those factors are attracting new residents looking for remote work. 1. Salt Lake City, Utah Winter daytime shot of Salt Lake City (iStock) (iStock / iStock) Median home price: $564,062 Project home price increase:…
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