Interesting that the ratio from home buyers to homes is 2:1. This means that demand for housing will continue to remain high in the near future. The above combined with high interest rates means that there are a lot of folks unable to afford a new home. Even when new construction surged 21.7% in May, my perception is that these new constructions are not for small affordable housing, but for homes with...
Many think the real estate market is cooling down, however, buyers are still actively pursuing first time home purchases regardless of the high interest rates. This combined with low inventories, continue to support current market prices. The right moment to purchase the home of your dreams is when you find it. Interest rates will come down over time and you will have the option to refinance. Waiting...
This is something every homeowner who uses a portion of his home as a business office or rents rooms on their home should be paying attention to as this could result in steep bills for back taxes and penalties and potential loss of their homestead exemption. Checkout this...