Real Estate News and Auction

Home-purchase applications increased for the fifth week straight thanks to a recent drop in mortgage rates, which has helped to boost consumer demand.

Historically, the average cost of a house in the US has been around 5 times the yearly household income. However, during the housing bubble of 2006, this ratio exceeded 7. In other words, the average single-family house in the United States cost more than 7 times the US median annual household income..and some seller still want to live in the PAST

Fannie Mae said it expects mortgage rates to decline gradually over the next two years, which will trigger a modest rebound in home sales, according to its latest economic forecast report.

The housing market's headline has been the affordability challenge, but experts predict more homes for sale, improved affordability in 2024.

The rental market came back to Earth this year, with growth decelerating and prices contracting in many markets. What will happen in 2024?

Zillow just announced their 2024 housing market forecast and they are predicting that more homeowners will decide to list their homes for sale, giving homebuyers more options and housing affordability improving. Zillow’s real estate market predictions also call for home values to fall in 2024.

They are also forecasting that existing home sales in 2023 will fall to 4.1M homes, a 15-year low (i.e. the lowest levels seen since 2008).








#Zillow #housingforecast #housingpredictions

Mortgage Rates TANK | Housing Market Disaster
Check out Todd's Channel @SachsRealty

Stay up to date on the latest information and analysis regarding the state of the housing market. Our Videos encompass various factors such as ​home sales, ​home prices, ​inventory levels, mortgage rates, and market trends. Our updates provide valuable insights into the current conditions and dynamics of the ​real estate market, helping buyers, sellers, and investors make informed decisions. We make videos that typically include data on the number of homes sold, average prices, average days on market, and the supply and demand dynamics. Our updates can be useful for tracking market trends, understanding pricing patterns, and evaluating the overall health of the housing market.

Even with so much data showing home prices are actually rising in most of the country, there are still a lot of people who worry there will be another price crash in the immediate future.

Powell said on Friday that U.S. monetary policy was slowing the economy as expected, with the benchmark overnight interest rate well into restrictive territory.

CURIOUS CONSUMER: Why are real estate commissions 6% – and why is that going to be changing?

Just yesterday, we were nodding in agreement and acceptance of the fact that rates were better served by cooling off a bit (read: "rising") after improving at a pace that seemed too quick for the motivations earlier in the week.  In other words, it was a bit of a pickle to explain why Tuesday and Wednesday's news and data were worth a surge to 3-month lows. Now today, we're right back in the same pickle, but everyone who's cool knows that pickles are delicious.  Today's is no exception with the average lender easily moving down to new 3-month lows. As for motivations, today actually wasn't quite as pickled as Wednesday.  We had the week's most anticipated economic report and the most anticipated Fed speech. ISM Manufacturing only came in a bit weaker than expected (good for rates), but perhaps more importantly, it didn't come in higher than expected.  Thus, the bond/rate market wasn't forced to quickly change its strategy of adjusting for a new, lower rate outlook for 2024.   Same story with Fed Chair Powell's mid-day speech.  Knowing what we know about Powell, it wasn't too likely that he'd take a strong stand in one direction or the other (which is exactly right given the "data dependent" nature of the Fed's rate considerations), but some saw a risk that he would intentionally try to nudge rates higher due to the speed with which they've recently fallen. Powell definitely didn't convey any such agenda today and bonds/rates were invigorated as a result.  Traders moved to defend against the possibility that next week's data continues arguing for lower rates.  We say "defend" because if the data is accordingly weak, the current level of rates is far too high.  

Global property prices in most major markets will rise over the next two years, albeit at a slightly slower pace than predicted three months ago as strong demand and tight supply overshadow higher interest rates, a Reuters poll found. Home prices across the developed world have defied analysts' expectations, as they predicted at the start of the year prices would register double-digit falls from COVID-19-era peaks. While price rises are expected to continue into next year and 2025, higher mortgage rates and the lack of supply of affordable homes will restrict prices from rising too much.

INVESTORS its in the BUY!!!!!!

In separate lawsuits, homesellers allege the defendants — including Florida Realtors and West Penn MLS — conspired to enforce rules that inflated commissions on the sale of their homes.

All-cash transactions, in which a home is paid for in full with no financing, are on the rise. How do cash buyers affect the housing market?

Mobile home investing takes near daily effort, a bit of capital, some free time, and a boat-load of determination to succeed. I say “succeed” because anyone can have short-term success with one or two deals. However the ability to create almost any decent income you wish takes a realistic plan and a mentor for you to work with every single day consistently over time.

If we get started on this journey, I must make it clear that I only work with folks that I pre-screen over the phone first. In addition please see the short list of must-haves below that are asked of and required of you before we get started with a potential partnership together. Note: The items below are not truly required for you to succeed, I did not have money or credit when I started. However, I have worked with enough folks to know that a small amount of money will allow you to get your foot-in-the-door quicker and safely with a handful of seller

A three-judge panel for the Washington, D.C., circuit seemed inclined to let the agency resume its probe into NAR's cooperative compensation and pocket listing rules.

Comment your mobile home investing questions below.
John Fedro's channel is a FREE mobile home investing crash-course for anyone looking to become a mobile home investing pro. Learn more secrets, tricks, and behind-the-scenes lessons while flipping, wholesaling, and cash-flowing mobile homes in parks (also, on private land).

Listen to the podcast here https://www.mobilehomeinvesting.net/learn-to-close-70-mobile-home-flips-podcast/

0:00 Intro
0:45 What are you willing to sacrifice?
1:30 How much cash did you have to start?
3:15 Cash or Cash-flow for you?
5:15 Tips partnering with a best friend.
8:40 Work life balance tips.
12:05 Deals out in the middle-of-nowhere.
15:00 What does an average deal look like?  
16:20 Do you need a sales lot?
18:10 Do you think your age matters?
18:50 Do you have a boss?
21:50 Discrimination
24:30 Providing value over price to seller.
27:00 Setting correct expectations.
28:40 Taking 6 months to close.
29:00 Hours you put into your deals.
31:20 What's been one of your simplest deals?
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Do you want access to John Fedro, mobile home investing step-by-step detailed instructions, lessons, recorded phone calls to buyers, sellers, and park manager? How about contracts, scripts, checklists, cheat-sheets, deal analysis software for mobile homes you find? Hard work is required!! Find out more if this is right fit for you at the link below.
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#mobilehomeinvesting #mobilehomesforsale #wholesalinghouses

Ian and Daniel are active Mobile Home Formula members investing in mobile homes. They help each other stay persistent, work together, and overcome any obstacles in their way.

Everyday as a mobile home investor you will have more questions, this is normal and it means action is happening. Your questions need answers quickly. Any mobile home related questions please comment below or email me directly at the email provided below.

Mobile home investing requires hard work and regular effort. Learn more about mobile home investing and becoming a successful mobile home investor by watching some of the other videos found on this channel. Also, feel free to check out our mobile home investing blog at the link below.

For more info please mosey over to http://www.mobilehomeinvesting.net

Are U.S. Banks in trouble? Is the artificially created housing market bubble to blame? Former Army Intelligence Officer, James Hickman aka Simon Black explains what happened.

@sovereignman

#housingmarket #realestatenews #mortgageinterestrates

Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor.

Rather than lengthy and wasteful appeals, NAR should move to address the significant issues it faces, namely a lack of transparency, fairness and competition in real estate practices. Come to the table with regulators and attorneys on new consumer protections, antitrust compliance and transparency around commissions and services. Embrace fee-for-service pricing and variable commissions. Stop clinging to outdated models that harm consumers to protect broker commissions.

Critically, the real estate industry must adapt to how technology has transformed home buying and selling. 

Americans are increasingly purchasing homes online with minimal broker assistance. Yet, they’re still charged inflated fees based on a charade of “full service” representation.Michael Ketchmark

Home Prices Plummet | Biggest Yearly Decline
Stay up to date on the latest information and analysis regarding the state of the housing market. Our Videos encompass various factors such as ​home sales, ​home prices, ​inventory levels, mortgage rates, and market trends. Our updates provide valuable insights into the current conditions and dynamics of the ​real estate market, helping buyers, sellers, and investors make informed decisions. We make videos that typically include data on the number of homes sold, average prices, average days on market, and the supply and demand dynamics. Our updates can be useful for tracking market trends, understanding pricing patterns, and evaluating the overall health of the housing market.

Some Trends to Focus on:
​Home Sales: This data reflects the number of residential properties that have been sold within a specific timeframe. It helps gauge the level of activity and demand in the market.
d dynamics and whether it is a buyer's or seller's market.

​Days on Market: This metric measures the average number of days it takes for a property to sell after being listed. It can indicate the speed at which homes are being bought and provide insights into market competitiveness.

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Mortgage rates have scaled back more than a half-point in the last five weeks.