Why 89% Of Home Sellers Have Regrets The cost of buying a home has been getting loads of attention lately. But this time around, we’re focusing on the cost of selling one. According to a recent survey, the typical homeowner spends an average of $54,616 in home-selling costs. Clever Real Estate surveyed 1,000 Americans who […]

Jerome Powell On Housing: June 11-12 FOMC Meeting Read My June 14th Newsletter At the FOMC press conference on June 12, 2024, Jerome Powell gave an opening statement and answered questions from reporters. The Federal Reserve decided to maintain the current federal funds rate rate and signaled only one rate cut by the end of […]

Housing Affordability Is Priority #1 For Gen Z Voters A Redfin report on voter priorities across generations reveals that 91% of adult Gen Zers rank housing affordability as important to their vote in this year’s presidential election, outranking abortion rights, the U.S. economy, preserving democracy, and foreign wars. That’s according to a Redfin-commissioned survey conducted […]

Latest Market Data and Predictions The Bay Area housing market, a trendsetter in California and often a bellwether for the national market, has entered an interesting phase. While headlines might paint a picture of a red-hot market fueled by ever-increasing prices, a closer look reveals a more nuanced story. Let’s delve into the current trends […]

Millennials And Gen Z Drive Majority of Mortgages In 2023 A new Redfin report shows younger Americans were most likely to take out mortgages in 2023, with the lion’s share going to buyers under 35 (39.7%) and buyers aged 35-44 (26.5%). A new Redfin report shows younger Americans were most likely to take out mortgages […]

Down Payments Averaging $26,000, The Highest Q1 Level on Record The median down payment in the first quarter of 2024 was $26,000—an average of 13.6% down, according to Realtor.com’s latest down payment report. Based on its analysis of down payment trends at the national, state, and (top 100) metro levels, down payments have climbed three […]

No Metros with Falling Home Prices – For the First Time Since July 2022 A new report from Redfin highlights a housing market situation that hasn’t happened in almost two years: home prices are not falling in any of the 50 most populous U.S. metro areas.  During the four weeks ending April 28, 2024, the […]

Wait-And-See: Powell on Rate Cuts, Housing Inflation and Market Rents At the end of 2023, Federal Reserve Chair Jerome Powell noted that three rate cuts were likely for 2024. Yet, leading up the the April 30- May 1 FOMC meeting, nobody was expecting the first cut to happen, as stubborn inflation has left the Fed […]

Nearly 40% Of Homeowners Couldn’t Afford Their Homes Today Almost two out of five homeowners (38%) say they could not afford their own home if they were to buy it today. And while Baby Boomers typically have more financial resources to tap for a home purchase, they’re also the most likely to say they could […]

Nearly 20% Of Home Sellers Take A Loss In This City—Compared To 4% Nationwide Nearly one in five San Francisco home sellers (17.8%) are taking a loss on the sale of their home during the three months ending February 29, 2024—higher than any other metro and more than four times the nationwide share. That’s according […]