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Can first-time homebuyers afford homes today?

Housing Wire

This article is part of our 2023 Housing Market Forecast series. The event is exclusively for HW+ members , and you can go here to register. The National Association of Realtors Research Group has produced the index since 2008, a time of turbulence in the real estate market. Today, the average is 2.7

Investor 427
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What does the new normal for first-time homebuyers look like?

Housing Wire

Today, as affordability wanes and housing supply ticks up, house price growth is decelerating and will likely continue to trend towards its historical average. So, if this time it’s different, what are the forces that will drive the housing market forward or hold it back? The tailwinds. The headwinds. The reason?

Equity 454
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HW+ Member Spotlight: Jeremy Potter

Housing Wire

Potter was recently promoted after serving as head of legal and capital markets and is a thought leader in the industry, regularly sharing his insights on how the industry can move forward through the power of innovation. It’s also more modern and appealing to first-time home buyers. To become an HW+ member, click here.

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Think US home prices are high? At least we aren’t Canada

Housing Wire

Home prices in the U.S. have been skyrocketing since 2020, however, I often like to remind people that no matter how crazy home-price growth is in America, at least we aren’t Canada. When it comes to home prices — and especially home prices compared to income — our neighbors up north are like Godzilla to our gecko.

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If Housing Affordability Is About the Money, Don’t Forget This.

Keeping Current Matters

There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case.

Equity 255
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Logan Mohtashami on why this is a savagely unhealthy housing market

Housing Wire

As a member of HW+, you can us join for regular 30-minute Slack Q&As, where we invite the HW Media newsroom to break down the hottest topics in the industry. To get access to the next Q&A, you can join HW+ here. HousingWire: How will rising rates affect new home construction? months on a 3-month average.

Marketing 365
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How to Make a Winning Offer on a Home

Keeping Current Matters

Today’s homebuyers are faced with a strong sellers’ market , which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Listen to Your Real Estate Advisor.