Housing tipping back to a buyer’s market as sellers cut prices
After several years of rich home price gains, the market appears to have found a limit to what people can afford. Sellers are finally responding by lowering prices more often. Approximately 14 percent of all listings in June saw a price cut, that’s up from a recent low of 11.7 percent at the end of […]
When Do Interest Rates Hurt Real Estate Investing?
The days of super-cheap mortgages are likely over. After years of near zero interest rates, the Federal Reserve is raising its benchmark rate, currently at 1.9 percent. Like a ripple across a still pond, as the Fed rate goes so do other important interest rates. And several more increases are expected. Arguably the most important interest rate […]