Will real estate ever be normal again? Here's what you need to know now
There’s never been a housing market quite like this before.
Today’s real estate agents are pulling double duty as therapists, consoling heartbroken homebuyers who lost out on their fifth—or 15th—home. First-time homebuyers around the country are being outbid by investors—some of whom are willing to pay more than $100,000 over asking price. Wealthy buyers offering all cash for second homes are sending prices ever higher, pushing the dream of homeownership out of reach for many folks.
RECENT POSTS:
If you've been thinking about selling, you've probably seen plenty of headlines suggesting buyers have just about disappeared.
If the first half of this year has left you feeling stuck, you're not the only one. Mortgage rates stayed higher than people wanted.
Saving for a down payment can feel like the hardest part of buying a home.
After the Fed's June meeting, "I'll wait for rates to drop" is a weaker bet. Here's the honest version of that conversation.
One of the biggest reasons buyers are still sitting on the sidelines is because they think home prices are going to come down.
A lot of people who want to move are telling themselves the same thing:
"Maybe I'll just wait until later this year once things calm down."
