RE Rundown (10/11/20)
Best Cities for First-Time Homebuyers
With mortgage rates at all-time lows and Americans ๐บ๐ธ saving more than ever, now may be a good time โฐ for individuals and families ๐จโ๐ฉโ๐งโ๐ง considering homeownership to take a serious look ๐ at their options. Buying a home ๐ก for the first time requires significant research ๐ and thought.
US will โbecome a renter nation,' says real estate investor
High demand โซ, low supply โฌ and low mortgage ๐ฆ rates have driven up home prices to historic highs this summer โ๏ธ. And for every $1,000 price increase โ๏ธ, some 150,000 potential buyers๐ค are priced out of a home ๐ purchase โ keeping them in the rental market.
Planning For 2020: What An Election Year Means For Home Sales
Presidential elections ๐ณ are an easy scapegoat ๐ for changes in consumer spending ๐. Uncertainty can, and does, have an impact on growth, but extentย and duration are what matter.ย As 2020 planning ๐ gets underway, what is the relationship between presidential elections ๐บ๐ธ and new home sales?
A Challenge to Real Estate Commissions Gains Ground
Consumer advocates have long criticized โ๏ธ traditional real estate commissions ๐ฒ as confusing ๐คทโโ๏ธ and too high. Now, those commissions are coming under increasing legal โ๏ธ pressure ๐ฅต. A federal judge ๐ฉโโ๏ธ in Illinois ruled last week that a potential class-action lawsuit against the National Association of Realtors and four major brokerage companies could proceed.
Presidents and Plywood: How the 2020 Election Could Affect the Housing Market
Ready or not, the 2020 presidential election ๐บ๐ธ is upon us, and its potential effect on our industry ๐ช should have us all paying close attention ๐ง. Election years typically mean instability in the stock market ๐ as investors tend to be skittish during rocky political environments. That sentiment, unfortunately, trickles down to the housing market. Below are a few key factors we are watching in the upcoming year ๐.