These 20 cities across the U.S. are currently considered buyer’s markets, meaning there’s less competition among buyers and a higher inventory of homes, giving you more negotiating power. Of course, it is possible that values begin to decline or stay Read more…
Ingo Winzer of Local Market Monitor has performed real estate analysis for more than 20 years and his predictions are, in my experience, better than those of financial media. In 2005, he warned that many housing markets were dangerously over-priced. Read more…
Contact Deepak Malhotra if you need help with real estate investing. Even if you are not looking in Cheney, Medical Lake, Airway Heights, or the Spokane area, mentoring services or referrals can be provided.
The U.S. Census Bureau released the net domestic migration data for 2022, indicating the number of people moving in and out of each state. Fewer and fewer people each year are migrating between states. There was much more migration earlier, Read more…
A recent report from Redfin states that bidding wars have returned in several crucial housing markets, which is a positive sign for home sellers. Despite the deep decline in homebuyer numbers in November, mortgage rates have come down to just Read more…
Goldman Sachs is predicting that home values will worsen through 2023 due to continued high interest rates. They predict that San Jose, California; San Diego, California; Austin, Texas; and Phoenix, Arizona will suffer the most drastic decreases, more than 25%, Read more…
Home builder confidence declined for a tenth month in a row in October. Climbing interest rates continue to weaken demand for real estate. Economists are warning that prices may be on the brink of collapse, according to the National Association Read more…
The pandemic lead to more people being allowed to work from home. While many companies are trying to pull people back into the office, many are allowing some flexibility. Something like 35% of people are now able to work from Read more…
When interest rates go down, real estate values go up even if incomes are flat. This is because buyers look at cost in terms of monthly payments. At the beginning of this year, mortgage interest rates for a 30 year Read more…
Friends have been asking me how much I think real estate prices will decline. As with all predictions, it depends on who you ask. Goldman Sachs economists updated their house price outlook to call for home price growth to stall Read more…
The U.S. housing market is in a downturn. Bidding wars have given way to, first, more days on market, and, now, we are seeing price reductions. The turning point was when the Fed raised interest rates dramatically. At least that’s Read more…
Spokane has had a very hot housing market for the last few years. Bidding wars were the norms. Reasons for this included the new work-from-anywhere trend caused by Covid, and lower density and prices than nearby tech centers like Redmond Read more…
Builder sentiment in the market for single-family homes fell into negative territory in August, as builders and buyers struggle with higher costs. The National Association of Home Builders/Wells Fargo Housing Market Index dropped 6 points to 49 this month, its Read more…
With interest rates increasing, more potential buyers are priced out of the market. Inventory seems to be finally rising dramatically and we are seeing more price reductions than last year. It is possible that we are at or at least Read more…
These are clear signs of a market shift. According to Rick Palacios Jr., Director of Research at John Burns Real Estate Consulting, “May homebuilder survey results published last week. Top themes: 1) Builder metrics quickly deteriorating across the board. 2) Read more…