Redfin Says Investors Buying Half as Many Homes as They Were a Year Ago
[ad_1] A new report from Redfin says that investor purchases of U.S. homes fell a record 45.8% year over year in Q4 2022. They said the high cost of borrowing money and the prospect of substantial home-price declines have made real estate investing less attractive. In addition, they point out that the 2nd biggest decline […]
Metro Areas With Largest Percent Gain in Home Prices in Q4 2022
The National Association of Realtors is reporting that, in Q4 2022, seven of the 10 metro areas with the most significant percentage gains in existing single-family home prices were in Florida, North or South Carolina and the others were in New Mexico, Texas, and Wisconsin. And, as we’ve recently seen, those are the places people […]
CoreLogic: Home Prices Up 6.9% Year-Over-Year
[ad_1] According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 6.9% in December 2022. On a month-over-month basis, home prices declined by 0.4% in December compared with November 2022. CoreLogic predicts that home prices will decrease on a month-over-month basis by 0.2% from […]
Foreclosure Starts Increased 15% in December ’22
According to Black Knight’s “first look” report for December, 2022, the national delinquency rate on first lien mortgages increased to 3.08% in December, but finished the year 30 basis points (-9%) below its December 2021 level. Black Knight says foreclosure starts increased by 15% in December to 26,900 – which was the third consecutive increase, […]
How To Recession-Proof Yourself
Currently, your feed might be exploding with terms like “Recession”, “Recession-Proof”, “Inflation”, “Unemployment” and whatnot! But what exactly is this Recession and why is it essential for you to become Recession-Proof and Resourceful? What is a Recession? A Recession is a period of economic decline, typically characterized by a decline in GDP, an increase in […]
Shocker – Americans Moving to Low-Tax States
Shocker – Americans Moving to Low-Tax States The Tax Foundation is reporting that American were on the move in 2022 and they, hold on to your hat, chose low-tax states over high-tax ones. To come up with their findings they crunched data from the U.S. Census Bureau population data and commercial datasets released in early […]
Annual 2022 United Van Lines National Movers Study
Annual 2022 United Van Lines National Movers Study We recently posted the 2022 U-Haul numbers revealing the migration patterns based on their one-way truck rentals. Now we’re looking at United Van Lines’ 46th Annual National Movers Study. United says Americans continued to move to lower-density areas accelerated by “lifestyle preferences” such as a career change, […]
Rent Perfect’s 2022 – A Year in Review
Rent Perfect’s 2022 – A Year in Review On a recent episode of the Rent Perfect podcast David Pickron says 2022 presented us with some new and some old challenges. On this episode, David reviews some of the most listened to episodes in 2022 and recaps some of their most relevant training. This is a […]
2023: Four Technology Trends for Realtors
2023: Four Technology Trends for Realtors 2023 is here and we are all excited about what is yet to come. In 2022 we saw a ton of things happening – from high inflation to the highest interest rates in 40 years. These factors affected the mortgage rates and they started to grow which slowed down […]
How to Setup 2023 for Success
How to Setup 2023 for Success New Year’s resolutions are an opportunity to make positive changes in your life. Now is the best time to start if you haven’t yet thought out yours. The year 2022 was by far the most turbulent financial year ever. From 40 years of high inflation to ultra-fast interest rate […]