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The Austin, Texas, metro area in March became the latest market to join the half-million-dollar club, according to a new analysis by Movoto by OJO Labs, a real estate search site. In Austin, the median home sold price was at least $500,000, joining 10 other large metros at that level.

11 Metros Break $500K Median Home Price – Agbelo News 更多配资

How much could you save by moving to a smaller property? The Social Security Resource Center conducted a national study to find the potential savings from downsizing. In some areas, downsizing could be a big money saver. In other places, they found, downsizing could actually be more expensive.

The Best, Worst Cities for Downsizing – Agbelo News 更多配资

Home flipping activity is at its highest point since 2006. The number of homes flipped grew by 26% in 2021 compared to 2020, according to a new report from ATTOM Data Solutions, a real estate research company. Last year’s flips comprise 5.5% of all home sales in the nation during 2021. Home flips are considered transactions that consist of buying and selling properties within 12 months.

Home Flipping Increases, Even as Profits Decline – Agbelo News 更多配资

Have a client who is being difficult? Are negotiations stalled? Have a cup of coffee, according to the results of one scientific study.

Negotiations Stalled? Here’s Science’s Answer – Agbelo News 更多配资

Home buyers this spring are facing a double whammy of rising home prices and mortgage rates. The 30-year fixed-rate mortgage rose to 4.72% this week, from 3.13% when compared to a year ago, Freddie Mac reports.

Rising Rates Constrain Buyers’ Budgets – Agbelo News 更多配资

Moving into the spring buying season, the number of new listings is picking up. Last week, the number of new listings rose by 8% compared to a year ago, according to realtor.com® data. But even with the climb, housing shortages abound: Active inventory remains down 13% compared to a year ago.

‘There May Be a Limit to Sellers’ Power’ – Agbelo News 更多配资

The income required required to meet a common standard for home affordability are growing at the fastest pace in more than 15 years, according to ATTOM Data Solution’s first quarter 2022 U.S. Home Affordability Report. Housing affordability has fallen in nearly 80% of the markets tracked as median home prices continue to increase—and now mortgage rates are too.

Home Prices Are Rising Faster Than Wages – Agbelo News 更多配资

Canadian Prime Minister Justin Trudeau is proposing a two-year ban on most foreign buyers purchasing homes in the country to try to tame an overheated housing market.

Canada Weighs Limits on Foreign Buyers – Agbelo News 更多配资

A new survey shows many homeowners plan to list their home over the next six months, with high expectations for making a profit on the sale. Sixty-four percent of about 3,000 consumers recently surveyed by realtor.com® said they intend to sell their home this spring or summer. That could bring some welcome relief to a housing market that has been starved for inventory.

Housing Inventory Turnaround Possible – Agbelo News 更多配资

Real estate giants are getting even bigger. In 2021, the nation’s largest real estate firms accounted for 61.2% of the total sales for the year, representing the largest year-over-year jump on record, according to the newly released 2022 Real Estate Almanac by T3 Sixty, a real estate consulting firm.

20 Real Estate Companies Have 60% of Market Share – Agbelo News 更多配资