Navigating Today's Housing Market

The topic page covers the evolving dynamics of the U.S. housing market, focusing on the impact of mortgage rates, home prices, and rental costs. It explores how rising mortgage rates and home prices have made homeownership less affordable, driving many to rent instead. The content discusses the role of real estate investors, regulatory changes affecting real estate commissions, and the growing interest in alternative housing options like tiny homes. Additionally, it highlights regional variations in housing trends, the influence of economic factors such as inflation, and predictions for future market conditions. Guidance for prospective buyers and renters, including financial strategies and new legislation, is also provided.

Latest

HOA fees – an often overlooked cost of homeownership

A new report finds a growing number of homes are in an HOA

January, 15th, 2025 By Mark Huffman

In addition to record high home prices and interest rates once again north of 7%, many homeowners face another rising cost – homeowner association fees.

Not every home is connected to an HOA but most new ones are. The fees they charge can be fairly high, especially if the HOA has amenities that it must maintain, like streets, swimming pools and dog parks, just to name a few. A new report from Realtor.com found an increase in both the prevalence and cost of HOA fees for ho...

Read Article