An era of exceptionally affordable housing is fading in some parts of the U.S. as stagnant incomes collide with rising prices and interest rates.
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Tag Archives: buyers
Foreign Buyers Aren’t Playing A Key Role In The US Housing Recovery For 2 Key Reasons
Foreign buyers jumped into the U.S. housing market after the bubble burst. Since then it was argued that foreign buyers would help rescue the U.S. housing market.
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Secret ‘pocket listings’ return in hot housing markets
The housing rebound has given new life to an old, but little-known sales practice called “pocket listings,” where agents reserve homes for serious buyers only.
Read more: http://tinyurl.com/cgzmv9j
More than half of Calgarians ‘stressed’ or ‘anxious’ when buying a home
CALGARY — More than half of Calgarians feel either stressed or anxious when buying a home, according to the BMO Psychology of House Hunting Report which was released Thursday.
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Mandatory home warranties to protect buyers
Homeowners and builders will soon have to adjust to rising prices, and changing construction procedures in the province.
Come Nov. 1, the New Home Buyer Protection Act will require builders to provide a warranty for all new homes in Alberta.
Read more: http://tinyurl.com/cz3vxon
Small-town buyers attracted by prices
Housing demand is on the rise in communities surrounding Calgary after the first two months of 2013, says a federal agency.
From January to February, the combined number of construction starts on homes of all kinds in Airdrie, Cochrane and Chestermere climbed 11 per cent to 420 new homes, says Canada Mortgage and Housing Corp.
Last year, there were 377 starts during the same month.
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Home Economics: Buying vs. Renting
Jed Kolko, Trulia chief economist, discusses a 2013 report that indicates it’s cheaper to buy a home than rent, despite rising home prices.
Video: http://tinyurl.com/d7roy9m
Home Buyers Are Back, but Where Are the Houses?
“Some listings are vanishing from a strategic decision of waiting for an even a higher price later. Some are due to few newly built homes available to trade-up to, hence some current existing home owners are unwilling to list. Some could be related to fear of being unable to buy after selling,” says Lawrence Yun, chief economist for the National Association of Realtors.
Read more: http://www.cnbc.com/id/100512238
Housing Bounce Result of Pent-Up Demand: Expert
Video: http://tinyurl.com/bobhgvd
Best US Housing Markets for Buyers and Sellers
As the overall housing recovery gains steam, local market divergences are growing wider. That is because one overriding factor —faulty and fraudulent mortgage lending — brought the market down; it will take varied local and national market drivers — jobs, income growth, consumer confidence, increased lending — to bring it back.
Read more: http://www.cnbc.com/id/100306069