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We’re running through the latest market data and trends in this month’s market recap. It’s a seller’s market with inventory supply continuing to be the proverbial thorn in the eager buyer’s side. But, there’s a silver lining for flippers getting ready to sell, prices are up and the market is moving fast. Just how fast is fast? Get all the details over on the blog.
Thursday, March 11 marks one year since the World Health Organization declared Covid-19 a pandemic. The coronavirus has upended just about every aspect of daily life, including where Americans live, what they look for in a home and how they go about the homebuying process. Redfin put together 12 charts that illustrate the pandemic’s impact on the U.S. housing market.
How you structure your house flipping business is a critical decision, but it’s not necessarily an easy one to navigate. Find out how to protect yourself and your business over on the BiggerPockets blog. Scott Smith, real estate investor and asset protection attorney, dishes out tons of practical advice you won’t want to miss.
Find out the top 10 markets for buying and the top 10 markets for renting according to Realtor.com’s recently published its rent vs buy analysis. In it, they compared the monthly cost of buying a home for the median listing price against the median monthly rent of two- to four-bedroom units in 50 major metros.
“Now that the economic skies are looking brighter, mortgage rates are retracing last year’s decline when they fell to previously unseen lows,” explains Greg McBride, chief financial analyst for Bankrate.com. MBA forecasts rates will reach 3.4% by the end of the year, but that’s still lower than the 3.5% rate in the first quarter of 2020. Find out why there’s no need to worry.
What’s in the cards for buyers and sellers in 2021? Several realtors offer their predictions. From homebuyer FOMO thanks to rising interest rates to continued inventory woes, they all agree fierce competition is here for the foreseeable future. Read on for more of their predictions.
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