Remove 2017 Remove Buyers Remove Construction
article thumbnail

New Forecast Pinpoints 2025’s Top Housing Markets

Appraisal Buzz

With mortgage rates likely to ease only modestly next year, these marketsoffering relatively lower-priced homes, more new and existing houses to choose from, and mortgage products designed to give buyers a leg upcould provide some would-be buyers a better chance at entering the market next year. of income and a cost of living 11.5%

article thumbnail

Two years after fleeing to the suburbs, homebuyers have flocked back to cities

Housing Wire

That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends. Between 2017 and 2021, rural areas and small towns had remarkably consistent shares of the home purchase market at about 13% and 22%, respectively.

Realtors 468
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Homes in Boise, Idaho are “flying off the market”

Housing Wire

In high-demand areas where only one or two properties come on the market, maybe in a month, we’re seeing [buyers paying] upwards of $100,000 to $150,000 over asking price.”. New construction continues to take more and more of our market,” Dopp said. The property sold for $320,000 higher than the highest comp.”.

Marketing 534
article thumbnail

Some say Austin’s rental market might collapse. That’s not reality

Housing Wire

In January 2017, Altos recorded an average apartment rent in the city of $1,265. The sheer amount of additional supply on the market has really given buyers more of a leg up,” she said. “I of existing supply, with another 38,000 of apartment units under construction (12.2% Data supports Knapp’s perspective.

Marketing 370
article thumbnail

A closer look at housing markets across the country

Housing Wire

The agent said rich “mainland” residents replaced international buyers, who are restricted in their travel amid the pandemic. While we have lots of new construction, there are lots of delays due to shortage of materials and also construction workers,” said Ethel Curbow, an agent at AMAX real estate. national unemployment rate.

article thumbnail

Three yards and a cloud of dust

Housing Wire

In the 2017 tax bill, caps on state and local tax (SALT) deductions and a boost in the standard deduction eviscerated the mortgage interest deduction, ending its use for all but the wealthiest homebuyers. Congress is gridlocked, so enactment of these initiatives is highly unlikely.

Sellers 447
article thumbnail

RE/MAX closes out fall months with new top-producers, franchisees

Housing Wire

Ruehrwein, who became a licensed agent in 2017 after working in the new construction industry for 28 years, serves clients in Rehoboth and surrounding Massachusetts towns, as well as East Providence and the Narraganset area of Rhode Island. Bentley and Christie are no strangers to RE/MAX, as both are former RE/MAX agents.

Agents 435