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#HomeSales fall apart all the time, but the recent uptick in the summer is not typical. In the fall/winter, buyers are less motivated, in the warmer months they should be.
That stands out to me in the article (link ⬇️) about why #homebuyers pull out.
#RealEstate #HousingMarket
Still waiting for a rate in the 5%?
#mortgagerates #interestrates #mortgagenews #30yearfixed
The average 30-year fixed mortgage rate today: 6.53%
Same day last year: 6.43%
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10-year Treasury yield: 4.29%
Spread today: 224 bps
"Why Rent-to-Own Is Catching on With Wealthy Home Buyers"
Good read, keep in mind that #RentToOwn deals can be very unique, with no fixed clauses.
It highlights great reasons for these deals, too often overlooked.
Link ⬇️
#dealsonterms #leaseoption #ownerfinancing #realestate
Homebuilders' inventory is drying up—after a good run, incentives can't draw in profitable buyers.
Is this 2009 all over again? It was inevitable.
Florida, Texas are leading this shift.
Full article w/data in comments.
#HousingMarket #Homebuilders #RealEstate #InventoryCrisis
Time is money & timing is wealth!