More Buyers Relying on ‘Bank of Mom and Dad’
Young adults want a home; their parents want them to have a home. As a result, more moms and dads are giving money, co-signing or even gifting a house to their kids.
Luxury Sales Down 17.8% in 1Q 2022
Sales remain strong, but soaring interest rates, a shaky stock market, rising inflation and economic certainty have put a damper on demand.
Inflation Hurts Buyers Beyond Prices and Rates
Beyond paying a higher price for a new home at an increased interest rate, owners must deal with rising property taxes, and more face capital gains taxes if they sell.
In Some Fla. Markets, Home Prices Exceed Incomes
Moody’s Analytics considers some Fla. metros “overvalued” because it says the average local resident can’t afford to buy a local median-priced home.
Homelessness: Mental Illness a Cause and Result
HUD: 45% of the homeless suffer from some form of mental illness or chronic substance abuse issue, but an estimated 25% have a serious mental illness.
Mortgage Rates Jump Again, Average 5.23%
The run-up follows last week’s average 5.09% for a 30-year, fixed-rate loan. Increases so far this year appear to be impacting buyers and the housing market.
Homelessness and Mental Illness: Cause and Result
HUD study: 45% suffer from some form of mental illness or chronic substance abuse issue, but an estimated 25% have a serious mental illness.
Over 50% of Americans Irked by Neighbors
Survey: 1 in 3 (35%) is annoyed once per month, and 53% get bothered at least multiple times each year. Top complaint? Noise from dogs, babies, TVs, etc.
Investors Buy 25% of Homes in 3 Fla. Metros
Rising rents and stock market fears have sparked real estate investment. Orlando, Miami and Jacksonville are 3 of 7 U.S. markets where they’re over 25% of sales.
High U.S. Home Prices? Not Compared to 2011
Notable home-price increases have occurred in small and large U.S. metros, but it hasn’t been even. In 477 U.S. cities, prices still haven’t hit their earlier peak.