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Coastal California metros were the priciest  in March: Zillow

Housing Wire

Competition in the housing market is heating up heading into May and June. Home prices are surging in major U.S. metros, with coastal California cities and Seattle leading the charge in monthly home value growth, according to Zillow’s newest market report. properties are spending minimal time on the market.

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First-time buyers need to earn $64,500 to afford a typical starter home

Housing Wire

New listings of starter homes dropped 23% from a year earlier in June, the biggest drop since the start of the pandemic, the report found. Meanwhile, the total number of starter homes on the market is down 15%, also the biggest drop since the start of the pandemic. Austin buyers must earn $92,000, down 3.3%

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Opinion: The end of seller speculation in US housing market

Housing Wire

A few months ago, the United States housing market failed Econ 101. metropolitan areas in February 2022, based on year-over-year growth in median listing price according to the residential real estate listing website, Realtor.com. The table also reports the year-over-year percent change in new listings for each market.

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Even with falling rates, the housing market is shaping up to be bad in Q4

Housing Wire

The impact is greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years.”. Both a pullback in demand and limited supply remain vexing problems for the housing market. In October, 24% of homes received over the asking price. million units, which was down 0.8%

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Borrowers opt for permanent rate buydowns amid affordability challenges

Housing Wire

Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. In turn, borrowers who are entering the market are leaning heavily toward buying down their first lien interest rates by paying points up front. Prior to the pandemic, buyers paid closer to 0.5

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Finding a "Buyer's Agent"

Eppraisal

Buying a home can be one of the most exciting times in your life. Finding a real estate agent who specializes in working with buyers is critical. Working with buyers requires a different skill-set than working with sellers. A sellers agent's job is to market and sell a client's home.

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Finding an Agent: 5 Key Questions to Ask a Prospective Buyer's Agent While Conducting Interviews

Eppraisal

Buying a home is one of the most important financial and emotional transactions you will ever make. It is imperative to find a buyer's agent who will work hard for you, understanding both your desires and financial realities in securing the ideal home. However, the market is starting to balance out in many areas.

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