Residential real estate market shows some signs of cooling

The main narrative in real estate over the last year has been ever dwindling inventory and ever increasing prices. This has certainly been the case, and the market continues to be very hot. But the most recent data shows that things are starting to cool down. From April, 2020 to April, 2021 housing inventory decreaseContinue reading “Residential real estate market shows some signs of cooling”

Rising home prices edging would-be buyers out of the market

Rising home prices and the persistent problem of low inventory is having widely felt effects throughout the economy. But the impact is not being experienced equally across the economic spectrum, as many lower income, would-be buyers are getting priced out of the market. While there have been some promising signs recently that the housing marketContinue reading “Rising home prices edging would-be buyers out of the market”

Rise in new listings suggests the housing market may be cooling down

What goes up must come down, eventually. For the last 14 months, the residential real estate market has just gone up and up and up, with few signs of slowing down or leveling off. Bidding wars, rising prices, and homes selling for way above asking have become the norm. The most recent data from June,Continue reading “Rise in new listings suggests the housing market may be cooling down”

As builders seek to meet housing demand, the price of land rises

The housing market continues to be a buzz of activity. This hot market is extending into other connected sectors of the economy as well. Home construction has risen sharply this year, as builders seek to remedy the housing inventory shortage. As a result, the price of undeveloped land has skyrocketed in some of the nation’sContinue reading “As builders seek to meet housing demand, the price of land rises”

As COVID lockdowns cease, interior design takes an entertainment focused turn

As COVID gradually winds down, people are beginning to unwind and let loose. This is having a big impact on interior design as homeowners opt for a bolder, colorful, and more opulent look. And of course, with less and less need for social distancing, you have to have lots of room to entertain. This shiftContinue reading “As COVID lockdowns cease, interior design takes an entertainment focused turn”

As U.S. homebuilding surges, smaller contractors face extra challenges

Homebuilding is taking off across the country. But not all builders are feeling the effects of the boom. In major metro areas, problems with supply chains and the labor market are making it more difficult for smaller contractors and companies to meet the demand, the Wall Street Journal reports. The systematic supply shortage in theContinue reading “As U.S. homebuilding surges, smaller contractors face extra challenges”

In heated market bigger down payments become higher priority

Home prices have risen significantly over the last year, and buying a home has become a much pricier prospect. The typical listing price gone up, and homes are frequently going for above the listing price. Would be buyers should also make sure they have a good chunk of that cost saved up, as down-payments areContinue reading “In heated market bigger down payments become higher priority”

The rise and fall of the vacation home

The last year has seen record numbers of people purchasing vacation homes and other investment properties. But due to regulatory changes and other factors the market is shifting. New research from Redfin explores the possible causes of this sudden change. All through 2020 and into 2021, sales for vacation homes have broken records, as manyContinue reading “The rise and fall of the vacation home”

Biden administration proposal will change tax exemption for some home sellers

The longstanding home-seller’s exemption has shielded most of the profits made in home sales from capital gains taxes. Since 1997, Americans have not had to pay tax on profits made in home sales up to $500,000. The Biden administrations proposed tax legislation would remove this exemption for some homeowners. The home-seller’s exemption shields sellers fromContinue reading “Biden administration proposal will change tax exemption for some home sellers”