8 Predictions From Ryan Serhant on the 2024 Housing Market “So, what’s going to happen with real estate next year?” If you’re hearing this question from your clients, friends, family, and colleagues this time of year, you’re in good company. Ryan Serhant hears it every year around this time, so he posted a Twitter thread with his […]

Existing Home Sales Have Sunk to Their Lowest Point Since 2010 A report from the National Association of REALTORS® (NAR) shows a decline in total existing home sales for October. Sales dipped in the Northeast, West, and South but held steady in the Midwest. All four regions saw annual sales declines. October’s total existing home […]

Dear Friends, Happy Thanksgiving, I wanted to take a moment to express my heartfelt gratitude to each and every one of you, that this email reaches. In this season of giving thanks, I am truly thankful for your continued support and engagement with our newsletter. Throughout the year, we’ve embarked on a journey together, exploring […]

Housing Market Turbulence: Affordability and Demand Drop Black Knight, Inc. released its Mortgage Monitor report, which shows an increase of $144 a month over the past 30 days in the principal and interest payment (P&I) for a median-priced home—-driving the total payment over $2,500 for the first time. Monthly P&I reached $2,567—an increase of $1,240 […]

It Costs 52% More to Buy a Home Today Than It Does to Rent Thanks to mortgage rates near 8%, the average monthly mortgage payment has increased to the point where it’s now 52% higher than the typical apartment rent. That’s according to data from commercial real estate firm CBRE. Articles in both the New York […]

Mortgage Rates Surge Lower After Fed Announcement, But Not Necessarily Because of It Today was “Fed day” and mortgage rates fell quite a bit. So it must have been due to the Fed announcement, right? Not exactly… The Fed helped, but more so by getting out of the way for a bond market that was […]

Home Prices Forecasts for 2024 are Divided Home prices have increased by 44% since March 2020. Add mortgage rates rising from 3% to 8%, and we’ve got what Lance Lambert describes as the “fastest-ever deterioration in housing affordability.” That said, what can we expect in the coming year, especially if rates do begin to drop […]

Barbara Corcoran Receives Backlash for Saying Now is the “Very Best Time” to Buy a House The queen of NY real estate, Shark Tank entrepreneur Barbara Corcoran has just said something about the housing market that—out of context—takes tone deafness to a new level. And she’s taking quite a bit of heat for it. On Monday, in […]

Buyers Turning to Family for House Solutions A survey from Realtor.com and Censuswide is shedding light on the growing number of prospective homebuyers moving in with relatives to cut costs and save for a home.  In fact, one-third of hopeful buyers have already moved in with parents or other family members, some because of recent return-to-office requirements and many […]