Buying/Selling a Home

High mortgage rates are dissuading sellers, leaving new construction the only game in town. ‘There was no inventory on the existing market, so everybody was being pushed to a new home,’ said one builder. High mortgage rates are dissuading sellers, leaving new construction the only game in town. ‘There was no inventory on the existing market, so everybody was being pushed to a new home,’ said one builder. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an…

The Case-Shiller index climbed 0.4% in March as a shortage of homes for sale spurred competition among home buyers. The Case-Shiller index climbed 0.4% in March as a shortage of homes for sale spurred competition among home buyers. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to…

Listen to article(3 minutes)In the weeks before real-estate agent Wanda Ithier’s client bought a $40 million house on the Caribbean island of Puerto Rico in March 2022, the sale price was a moving target.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Listen to article(3 minutes)In the weeks before real-estate agent Wanda Ithier’s client bought a $40 million house on the Caribbean island of Puerto Rico in March 2022, the sale price was a moving target.Copyright ©2023…

Many are ready to move but don’t want to lose the low-rate mortgages they locked in a few years ago, crimping the supply of homes and keeping prices high. Many are ready to move but don’t want to lose the low-rate mortgages they locked in a few years ago, crimping the supply of homes and keeping prices high. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is…

Investors in online real estate platforms probably could waste a lot of energy figuring out how low home prices will go or whether mortgage rates have topped out, but common sense beats all that number crunching. What good is investing in a housing “super app” if far fewer people are buying houses?  U.S. home purchases fell more than 40% in the fourth quarter from a year earlier, Redfin RDFN -2.52% reported this week. Meanwhile, online…

Home sales have plunged. Buyers, facing the fastest-rising mortgage rates in decades, are scrapping their plans. And forecasters have rarely disagreed so much over where the market goes next.By many measures, the housing market entered a sharp slump this summer after the Federal Reserve abruptly ended a real-estate boom fueled by the pandemic and record-low borrowing rates. Mortgage rates climbed above 7% to 20-year highs in October and November before ticking lower in recent weeks. Existing-home sales have…

NRG Energy Inc. said it agreed to buy Vivint Smart Home Inc., which offers integrated home systems that include security, lighting and other services, for $2.8 billion in cash. NRG, which produces and sells energy services, said it would pay $12 a share for Vivint, based in Provo, Utah. The deal price marks a 33% premium to Vivint’s closing price on Monday of $8.99 a share. Including debt, the companies put the total deal value at $5.2 billion. NRG Energy Inc. said it agreed to buy…

To qualify for a $1 million mortgage, Americans typically have to make a down payment of at least 20% of the home’s price. Starting next year, some buyers could put as little as 3% down. The cap for home loans backed by Fannie Mae and Freddie Mac rises to $1,089,300 next year in a few expensive markets including Los Angeles and New York, up from $970,800, the Federal Housing Finance Agency, or FHFA, said Tuesday. The higher limit means borrowers can qualify for bigger loans without needing to take…

Home prices declined in September from the prior month as higher interest rates made buyers more cautious. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, fell 1% in September from August, the third straight month-over-month decline. On a year-over-year basis, the index rose 10.6% in September, down from a 12.9% annual rate the prior month. The pandemic-driven…

The potent mix of challenges facing buyers has slowed the housing market, but millions of homes are still changing hands this year. Some buyers are finding that they would prefer to hunt now than deal with the bidding wars and sight-unseen purchases that defined last year’s frenzied market. It took just a few weeks in September for Mr. Lanser and Ms. Manfreda to find the home they wanted in the Boston suburb of Waltham. The newly built property had been on the market for months and the seller had cut the…