End of foreclosure moratorium could help ease strain on inventory

The federal foreclosure moratorium ended July 31, after a fourth and final extension. The first batch of homeowners who sought protection under it will begin exiting the program later this year.  For those who will be facing foreclosure, there may be an alternative. Consistent home price growth throughout the pandemic has created a ton of … Read more

Pending home sales fall further than expected in June

Pending home sales dropped 1.9 percent in June and 1.9 percent year over year to an index of 112.8, according to the National Association of Realtors’ Pending Home Sales Index, released Thursday. Pending home sales dropped 1.9 percent in June from the previous month and 1.9 percent year over year, according to the National Association … Read more

Boise rent prices continue to increase faster than anywhere else

The average cost of rent in Boise continues to rise — faster than anywhere else in the country. In February, we told you about how Boise rents increased faster than anywhere in the US in the past year. At that time, according to an ApartmentList.com study, Rent in Boise jumped 12.4% from January 2020 to … Read more

Boise State study: Housing for chronically homeless saves community $2.66 million

New Path Community Housing, Idaho’s first supportive permanent housing community for the chronically homeless, achieved $2.66 million in savings for the community over two years, according to a new report from Boise State University. The report comes amid discussions by the Ada County Commission to trim funding for the program. New Path Community Housing is … Read more

The problem with stock as a recruiting tool for Compass agents: Mike DelPrete

Stock option programs sound good on paper, but as we can see with Compass, the reality varies. The post-IPO performance of Compass’ stock highlights the primary issue with stock as a recruiting tool. This story was republished with permission from the author. Compass‘ stock price has declined significantly since its IPO; it was the worst … Read more

Percentage of all-cash home purchases in US soars to 30%

All-cash home purchases skyrocketed to make up nearly one-third of all home purchases thus far in 2021, according to data from tech-powered brokerage Redfin. That figure represents the largest share of homes purchased in all-cash since 2014, and is up 25.3 percent from the number of all-cash purchases made during all of 2020. For this … Read more

June home sales see largest decline since 2012: Redfin

Homes also sold at their priciest and quickest pace on record during June, but Redfin said that sales pace and market competition have now likely peaked for 2021. The housing market has been on a wild ride for the past several months, but a new report released on Thursday by tech-powered brokerage Redfin suggests that … Read more

Developers are betting big on these 10 housing markets

Housing markets across the U.S. are booming with high demand and low inventory, and it’s sent land prices into a frenzy. Land is a hot commodity right now, as the lack of homes for sale continues to push affordable housing out of reach for many first-time homebuyers and low-wage workers. According to a report by … Read more

A buyer-friendly market may soon be in reach, new data suggests

The fall could bring cooling prices and more inventory, according to a new report from realtor.com released Thursday. Buyers may catch a break from the red-hot housing market soon, according to Realtor.com’s Weekly Housing Trends report released Thursday. New listings fell 3 percent for the week ending July 3. But with year-over-year increases during 12 … Read more

Price cuts, while rare in this market, often lead to greater profit: Zillow

The number of sellers who choose to cut their listing price has dropped by a third over the last year, but a Zillow report found that if the price is dropped at the right time, sellers can net $15,000 over ask. Fewer homes are cutting their prices in this year’s seller-dominated market, but those that … Read more

Tampa Bay NewsAnooX Scam