[Bankrate, Getty Images] The U.S. housing market is on an absolute tear. Month after month, prices break new records. Sellers are ecstatic. While buyers can revel in mortgage rates near all-time lows, that’s about the only upside to shopping for property in this market. If you’re considering buying a home now, the soaring prices […]
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[Business Insider, Getty] Rich Americans, millennials, and Wall Street are keeping US home prices permanently higher. Demand is strong as the wealthy and investors scoop up homes at historically high prices. A wave of millennial demand can boost prices even higher, and builders aren’t rushing to step in. The housing […]
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[CNBC] Sales of new single family homes fell to an annualized rate of 676,000, 6.6% below May’s rate of 724,000 and 19.4% below the June 2020 level of 839,000. The median price of a newly built home in June rose just 6% from June 2020 The inventory of new homes […]
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(CNN) Ellen Coleman had never received so many offers on a house in her 15 years of selling real estate. She listed a fixer-upper in suburban Washington, DC for $275,000 on a Thursday. By Sunday evening, she had 88 offers. “The offers just kept coming,” she said. “I felt like Lucy […]
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