The U.S. short-term rental market has officially recovered demand above 2019 levels, a new report from AirDNA finds. April 2021 marks the first month since the start of the coronavirus pandemic to surpass 2019 performance. According to AirDNA, short-term rental demand increased by 66.4% in April compared to 2020 levels and 5.4% over 2019 levels. Occupancy levels also built on the...
When buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? When you close on a home, a number of fees are due. They typically range from 2% to...
Demand for vacation homes is rising at a record pace, despite the gradual reopening of offices across the country, according to a new report from real-estate brokerage Redfin. Wealthier families will likely have more opportunity to do their jobs remotely for the foreseeable future. — When a home buyer works with a lender to lock in a specific interest rate they must specify whether...
Economist say home prices will appreciate through 2025
There are pros and cons to buying a new vs. existing home, but it’s taking a longer time to complete a new one – about four months more than it did two years ago. Rising costs, material shortages and a labor deficit have hit the homebuilding industry hard, and buyers looking for a custom home builder in Orlando, for example, may have to wait longer than usual. Custom home builders are not immune...
The question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, and that number keeps rising. Why? It’s because there are so few...
It's a discouraging scene: Bidding wars, soaring prices, and fears that homeownership is becoming out of reach for millions of Americans. We're in a housing frenzy, driven by a massive shortage of inventory — and no one seems to be happy about it. Why it matters: Not all bubbles burst. Real estate, in particular, tends to rise in value much more easily than it falls. Besides, says National...