Tag Archives: homebuying

Rising mortgage rates have sidelined many would-be homebuyers, but for institutional investors, it has become an opportunity as home builders try to unload properties. “What we’re seeing is builders have to make their quota. They have to make the end-of-the-year numbers,” Kinloch Partners Cofounder and CEO and President Bruce McNeilage told Yahoo Finance Live (video above). “So they’re reaching out to folks like us, the institutional owners of houses, and we’re buying in bulk using those as… Source link

Although housing starts appear to be picking up in recent months, it is unclear whether this trend can be sustained as supply chain disruptions, high materials costs, and construction labor shortages continue to plague the sector. Some camps are even fearful of the possibility of an impending housing crisis which could be triggered by a wave of evictions attributed to pandemic-related disruptions. In spite of this, the U.S. housing market remains hot, with the growing demand for homes… Source link

Homebuyer sentiment is plummeting amid America’s housing affordability crisis. The red-hot market which has seen housing prices rise at a record pace is not keeping up with the incomes of millions of working Americans. According to Google, the question “when is the housing market going to crash?” has been trending in search, up 2,450% in March, as Americans have been reckoning with the housing affordability crisis. The median household income was $68,703 in 2019, according to the Census… Source link