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Urban home values growing faster than ‘burbs in Midwest

Housing Wire

A Zillow report released Thursday shows urban home values in Midwest cities — namely, St. Louis, Cincinnati, Cleveland, Kansas City, Columbus and Indianapolis — have risen faster than suburban home values over the past several months. How this real estate brokerage’s unique model generates more profit for agents.

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Millions will enter housing market in 2021: Zillow

Housing Wire

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. “The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.” and Austin.

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DataDigest: Yes, buyer agents steer clients, new study claims

Housing Wire

Three researchers believe a first-of-its-kind dataset has enabled them to definitively answer a long-debated question: why have buyer agent commission rates been so stable historically? So how is the uniformity and permanence of buyer agents’ 2-3% rate possible in a free market? One of the researchers, Will Fried, had a hunch.

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Mortgage Costs Rise 20% Since December 2021, Zillow Report Finds

Appraisal Buzz

Quickly rising mortgage rates are compounding affordability challenges that have been brought on by record home value growth. home is now 19.5% higher than it was just three months ago, according to Zillow ’s March Real Estate Market Report. The cost of a 30-year mortgage on the typical U.S.

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Why is Location so Important in Real Estate?

Raleigh Realty

Location in Real Estate Location, location, location. Here's what makes location such an important factor when it comes to buying a home. The three most important factors when buying a home are location, location, and location. What is it about the location that makes it so vital to real estate investing?

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Buyers flock to Bay City, Michigan for ultra-low home prices

Housing Wire

As work-from-home becomes more of a national norm, prospective homebuyers are seeking better home values in small towns that still offer a lot of amenities. Per Realtor.com , homes are being sold at an average of $111,000 in Bay City, and the average listing price per square foot is only $75. compared to 2020.

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Do Rising Interest Rates Affect Real Estate?

Robinson Appraisal Group

Lower rates typically promote an increase in demand for properties, this in turn drives up pricing, while on the flip side of that, higher interest rates reduce the demand since the costs of a mortgage increase deterring prospective home buyers. The post Do Rising Interest Rates Affect Real Estate?