On average, across the country, it costs 25% more to own than rent, in terms of monthly payments. Still, there are a handful of cities in which is it cheaper to own than rent. Those cities are Detroit, Philadelphia, Cleveland Read more…
Month: December 2023
According to Fannie Mae’s Economic Developments, there will be a mild recession in 2024 followed by a recovery in 2025. GDP surged to 4.9 percent annualized growth in the third quarter of 2023. However, they believe this is based on Read more…
At the top of this site I have links to some of my favorite websites for predicting where values are heading for various real estate markets. Local Market Monitor and Ken Wade’s Housing Alerts are two of my favorites. Both Read more…
Redfin has made several real estate predictions for 2024. They start by predicting that home prices will fall 1% year over year in the second and third quarters. Home prices will fall as supply increases. This compares closely to the Read more…