#housing-market

#housing-market

"I tell my billionaire and celebrity clients that it is very hard in today's world to keep anything under wraps," says Aaron Kirman, a broker with Christie's International Real Estate.

Residents of high-tax states suffered the most with the previous cap on state and local taxes. Because their taxes far exceeded the cap, they were not able to deduct the full amount like residents in low-tax states.

"It all comes down to affordability with first-time homebuyers. I would say that the No. 1 thing that first-time homebuyers are looking for is that it's got to make sense with their income."

Most industry metrics focus on asking prices for empty units in large apartment complexes, which may not reflect the actual rent trends experienced by tenants in Southern California.

Connolly and Mott sought to refinance their Maryland home in the summer of 2021, when mortgage rates were at historic lows. They claim to have paid $450,000 for the house in 2017 and made multiple improvements to the house along the way.

The acquisition of The Builder's Daily signals HW Media's strategic expansion into the homebuilding sector, enhancing their commitment to provide in-depth insights into the housing economy.

In Sierra County, 82% of single-family houses are owned by investors, translating to 1,308 out of 1,588 total houses being investor-owned.

Sellers need to work harder now, there's more competition in the market. Buyers may negotiate for price cuts, assistance with closing costs, or mortgage rate buydowns.