article thumbnail

Will Home Values Hold?

Eppraisal

Needless to say, a small pool of buyers is going to make for anxious sellers. Conversely, a robust purchasing population puts sellers in the driver seat. The Expense of Home Financing Banks and finance companies make their profits by putting a price tag on the money they lend. How Many Are Seeking Homes?

article thumbnail

The Retirement Trifecta

Housing Wire

Today it’s dominated by baby boomers who make up 39% of all homebuyers and 52% of all home sellers. The massive age wave is cresting over the next three years, and by 2030 all boomers will have turned 65. The housing market has shifted. Known as “Peak 65”, in 2024 more than 12,000 people per day will turn 65.

Realtors 379
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

High Financing Hurdles Lead to Low Housing Activity in Seattle/King County

Will Springer Realtor

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. of office space could be vacant by 2030, or nearly 1.5 At least that’s what some economists have expressed. Commercial real estate owners have roughly $1.4T

Finance 68
article thumbnail

Opinion: More can be done to shorten the average time to close

Housing Wire

It doesn’t lend itself to a 24-hour cycle. Real estate will look different in 2030, perhaps even in 2024. Yes, the process of orchestrating the collaboration of lenders, appraisers , home inspectors, one or two real estate agents, a title insurance company, and possibly others is complex.

HOA 431
article thumbnail

Opinion: More should be done to shorten the average time to close

Housing Wire

It doesn’t lend itself to a 24-hour cycle. Those realities don’t even contemplate the numerous headaches and delays that come with identifying and dealing with multiple HOAs or the project management skills required to coordinate the Realtor, buyer and seller alike. Real estate will look different in 2030, perhaps even in 2024.

HOA 412