by kramoltz@hotmail.com | Mar 13, 2023 | Home Buying, Mortgages + Lending, Real Estate Facts & Figures
1. First-time Buyers are Scarce. The first-time buyer share of the market dropped to 26% over the past year. Historically, first-time buyers buy around 40% of homes. The reason was the high prices and the rise in interest rates. Hopefully the price correction...
by kramoltz@hotmail.com | Feb 28, 2023 | Home Buying
The share of home sellers offering concessions to buyers jumped in the final three months of 2022. Concessions are being offered as an incentive to attract buyers and in an attempt to prevent listing price cuts. Approximately 42% of homes sold in the fourth quarter...
by kramoltz@hotmail.com | Feb 14, 2023 | Mortgages + Lending
Buying down an interest rate is a way for a seller to offer a financial incentive to a buyer. It results in a temporary reduction, which means lower payments under the buyer’s loan. Because of the dramatic increase in rates and the negative result on home sales, in...
by kramoltz@hotmail.com | Jan 30, 2023 | Arizona and Its Amenities, Home Buying
The Phoenix metro area was the nation’s top buyers’ market as of October 2022. That is according to the Knock Buyer-Seller Market Index, which analyzes whether the nation’s 100 largest markets favor home buyers or sellers. In Phoenix, a typical...
by kramoltz@hotmail.com | Jan 14, 2023 | Animal Stories (mostly Dogs in the Military)
Wallethub created a methodology to determine which metropolitan area is the most pet friendly. The considerations were the cost of pet health care, including insurance; overall health and wellness, such as the number of veterinarians and trainers available,...
