Dear Monty: You have written numerous articles over time about different problems with home inspections. We are near our savings goal and preparing to buy a home. What is your current opinion of home inspections? Monty’s Answer: Home inspection laws came into existence because home sellers were either unaware of or hid the defects of…
If You Need a Co-Signer, You’re Not Ready
Dear Dave, My fiancée and I want to make an offer on a house. She has a lot of late payments and a bad credit record, though, but she is working hard to manage her money better and get out of debt. I don’t make enough money to get a home loan by myself, and…
Consider Renting in Today’s Out-of-Control Real Estate Market
Dear Monty: Is America in a housing bubble? We think today’s out-of-control real estate market is crazy. We are attempting to downsize our lifestyle with a smaller home. In two instances, we made an offer, and someone outbid us. Our home is free and clear, so we are cash buyers. We don’t want to sell…
Chinese Regulator Attempts to Calm Housing Bubble Before US Raises Interest Rates
July 5, 2021
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Business & EconomyChinaChinese marketFinance & Business Tieshousing bubblereal estateSpecial TopicsUS interest rates
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News Analysis Following a recent warning from China’s top banking regulator about a possible bubble in the Chinese housing market, mainland Chinese media company ARCHINA published an editorial emphasizing the communist regime’s concerns and the need to enforce tighter regulations. The move comes after U.S. policymakers announced raising interest rates by the end of 2023….
Buying and Selling in a Hot Housing Market
The housing market is white hot right now! Home prices are way up over last year, and 50 percent of homes are selling for more than the asking price—$20,000, $50,000, even $100,000 more in some cases. That’s causing buyers everywhere to do some insane things to get the houses they want. More than half made…
Report Shows South Becoming Increasingly Popular Among Asian Americans
The Asian Real Estate Association of America (AREAA), a national nonprofit trade organization, released its 2021 State of Asia America Report on June 30, showing the south has become an increasingly attractive choice for homeownership among members of the Asian community. It has the highest Asian American & Pacific Islander (AAPI) homeownership rate in the…
Australian Housing Market Continues Upward Surge but Is Showing Signs of Slowing
Property researcher CoreLogic has found Australia’s residential home market has grown at the highest annual rate in 17 years, leaving dwelling values 13.5 percent higher than the end of the previous financial year. “This is the highest annual rate of growth seen across the Australian residential property market since April 2004, when the early 2000’s…
Southern California House Prices Continue to Defy Gravity
June 30, 2021
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commentaryhome pricesLocal NewsLos AngelesOpinionOrange Countyproperty valuesreal estateRegional-Local NewsSan DiegoSeattleSouthern CaliforniaUSViewpoints
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Commentary Home price values accelerated across nation in April, according to the most recent data from the S&P CoreLogic Case-Schiller home price indices. The rise was especially sharp in the western U.S. Using January 2020 as the starting point, home prices increased by more than 25 percent in both San Diego and Seattle through the…
Homebuyer Turn-Ons and Turn-Offs
Thankfully, not every buyer has the same taste. There was an old expression that people would use when Baskin-Robbins ice cream stores were in every neighborhood: “That’s why Baskin-Robbins has 31 flavors.” But truth be told, there were always a few flavors that sold the best. The same holds true with what sells houses. The…
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Most of SoCal Housing Market Begins Normalizing
Commentary The housing market in Orange County, Calif., is finally starting to normalize. Homeowners can still expect their properties to sell in less than a month—historically very fast. But at 27 days, the average market time to sell a home in Orange County has increased 23 percent, from 22 days, in the past four weeks….