R. Clark Smith IV

American had an affordable housing crisis…. Before the pandemic, of America’s nearly 43 million renters, about 20.8 million—almost half—were “cost-burdened,” meaning more than 30% of their income went to housing costs, according to the Joint Center for Housing Studies of Harvard University. TOP STORY: The Affordability Factor Housing forecasts are a popular subject for economists … Read more

The inventory shortage that plagued the market prior to the pandemic and subsequent pent up demand, especially given historically low interest rates, is expected to fuel the recovery. Lawrence Yun, Chief Economist, NAR TOP STORY: With a Little Help The old adages: “Heaven helps those who help themselves,” “Stand on your own two feet,” and … Read more

The inventory shortage that plagued the market prior to the pandemic and subsequent pent up demand, especially given historically low interest rates, is expected to fuel the recovery. Lawrence Yun, Chief Economist, NAR TOP STORY: With a Little Help The old adages: “Heaven helps those who help themselves,” “Stand on your own two feet,” and … Read more

”Home sales will decline this spring season because of unique economic and social consequences resulting from the coronavirus outbreak, but much of the activity looks to reappear later in the year.” NAR. Chief Economist Lawrence Yun TOP STORY: Many Shades of Difference No doubt in a search for reassurance that this too will end, a … Read more

As large swathes of the U.S. economy shut down to battle the COVID-19 pandemic, the housing market faces its greatest challenge in over a decade. Freddie Mac Research TOP STORY: Home Maintenance Homeownership is an expensive proposition. Unfortunately, many homebuyers, especially first-timers, think once they have saved the downpayment and qualified for a mortgage they … Read more

Minimalism is definitely picking up steam. From tiny houses to the KonMari method, downsizing is definitely on the rise. Just remember that by focusing on the things you really enjoy, you’ll be more satisfied and happy. After all, you’re better off being wealthy than rich. thefinancetwins.com TOP STORY: Downsizing The decision to downsize one’s living … Read more

“The market is struggling with a large housing undersupply just as 4.8 million Millennials are reaching 30-years of age in 2020, a prime age for many to purchase their first home,” George Ratiu, Realtor.com . TOP STORY: _ Short Supply Home buyers seldom think there are enough listings on the market while there is always … Read more

Concerns about rising mortgage rates may be overblown. “We’ve seen so much elasticity, over the past few years; rates go up but then they just come down.” Mollie Carmichael, Meyers Research TOP STORY: Logjam Freddie Mac says there are three phases of homeownership. The first-time buyer who is saving up and shopping for a small … Read more