There seems to be a pricing disconnect between would be homebuyers and sellers these days. Why? Homebuyers want to offer lower contract offers and yet sellers still want to obtain higher than normal sale prices as they enjoyed last year. Although mortgage interest rates near 7%, buyers still face elevated sale prices. What are the reasons for continued, elevated sales […]
While mortgage rates are still well above the 3% range from a year ago, the average 30 year home loan rate has fallen a full percentage point for the high 7% in November, bringing new buyers into the housing market. In fact, mortgage applications are up reportedly by a quarter since the end of last year, and Redfin reports that the […]
Homebuyers, now more than ever, are buying homes which come with all of the furniture. While it was not unusual for second home or resort community homebuyers to purchase homes including the furniture, the pandemic has brought many homebuyers in general looking not to buy just a home but also its furnishings—even if the furnishings are not for sale. Why? […]
As the demand for affordable housing continues to grow, innovative housing start-ups such as Boxabl are providing an alternative to traditional home construction methods. Boxabl offers a mass-produced option for small Accessory Dwelling Units (ADUs) that can be delivered and set up in as little as two hours. Their Casita product, a 375 sq ft ADU, comes equipped with a […]