Despite a real estate slowdown gripping the nation, this year’s housing market is expected to be busier than realtor.com® economists originally predicted late last year. That means more home sales—and higher prices—are on the way. The anticipated uptick in activity is due to lower mortgage rates, which make homes more affordable for buyers. The economic […]
Renters paid out record $504 billion for housing in 2018 Thanks to higher rents throughout much of the year, U.S. renters paid out more in rent than they ever have before, with a total rent payout equal to the gross domestic product of Belgium. According to a new report from HotPads, U.S. renters paid a […]
While there have been signs recently that the market may be shifting toward the favor of home buyers, prices are still on the rise in many areas around the country. The median sales price in July was $230,411, up 5.8 percent year over year. But if your buyer clients are hoping to wait it out, […]
In the four weeks ended Sept. 16, more than one-quarter of the homes listed for sale had a price drop, according to Redfin, a real estate brokerage. The supply of homes for sale increased annually in August for the first time in more than three years, according to the National Association of Realtors. The average […]
• Approximately 14 percent of all listings in June had undergone a price cut, that’s up from a recent low of 11.7 percent at the end of 2016, according to a new report from Zillow. • Home price growth is slowing in nearly half of the 35 largest U.S. metropolitan markets. • In San Diego, […]
Brett MacLennan
Hill Realty Group
120 Newport Center Drive
Newport Beach, CA 92660
CA BRE 01838246
