Inflation is a term that typically brings up images of prices going up, but it has an impact on many things in the economy. One area of the economy where inflation affects significantly is that of home prices. In this article, we'll explore the relationship between inflation and home prices to gain better insight into how they are connected. Historical Overview It's important to look at past changes in...
by The Offer Company 
It's been fifteen years since the housing market crash of 2008, and Goldman Sachs is predicting that four US cities are likely to experience a similar crash. According to a report from Goldman Sachs, the cities most at risk are Phoenix, Las Vegas, San Francisco, and San Diego. The report states that these cities have seen an increase in home prices since the last housing crisis due to low mortgage rates...
by The Offer Company 
As economists, analysts and real estate brokers predict, the housing market in 2023 may be sluggish to begin with as prices of homes, inventory, and interest rates remain stagnant.As the pandemic began, workers no longer had to travel far to get to their offices; however, they yearned for extra space in their homes. Consequently, cheap debt and a persistent need for relocation caused many Americans to go...
by The Offer Company 
According to the National Association of Realtors, pending home sales have shockingly declined 37.8% in comparison to November of last year. The statistics On Wednesday, the National Association of Realtors released an index showing that U.S pending-home sales had plummeted by 4% in November - marking six consecutive months of decline. This figure is at its lowest since April 2020 during the peak of...
by The Offer Company 
After months of sizzling growth, the housing market in metro Phoenix is finally beginning to experience a cooling trend. According to Zillow's November Market Report, home values have dipped 8.1% since their peak, and inventory has grown 36% higher than last year and 11.6% since 2019.Home selling in the U.S. is dwindling, with a recent report finding that a home takes an average of 44 days to sell compared...
by The Offer Company 
The red-hot housing market in 2022 already has an estimated 270,000 homebuyers who owe more than their house is worth. According to Black Knight's analysis of the 450,000 underwater borrowers from Q3 this year, around 60% had mortgages issued during the first nine months of 2022 - that's one out of every twelve homes purchased with a mortgage! Additionally, nearly 40% have less than 10% equity left for any...
by The Offer Company 
According to a recent report by Redfin, the Phoenix metro area experienced a 23% price drop between February and October—the most dramatic among the 99 most populous U.S. metros. This presents a once-in-a-lifetime opportunity for homebuyers who have been waiting for the perfect time to purchase their dream home.Now may be the Time to Buy Your Dream Home in PhoenixFor anyone who has been patiently waiting...
by The Offer Company 
We've all been there. You click on the listing to find out...it's way out of your price range. But you keep scrolling because you just can't help yourself. Suddenly, you see it. That perfect house, in your perfect neighborhood, and it's...wait for it...wayyyyyyyyy overpriced. But you think to yourself, "It's okay. They're just leaving room for negotiation." WRONG. So wrong. Here's the thing about...
by The Offer Company 
It's that time of year again. The leaves are changing, the days are getting shorter, and the home buyers seem to have gone into hibernation. If you're thinking about selling your home this year, you might be wondering if you should just wait until spring. After all, isn't that when everyone starts house hunting?Not so fast. While it's true that the number of buyers does tend to pick up in the spring, there...
by The Offer Company 
Whether you’re living in your forever home or thinking about putting your house on the market, it’s always good to be on the lookout for ways to boost your home’s value without having to spend a lot of money. Focusing on your kitchen and bathrooms will likely give the best bang for your buck. You will also catch the attention of buyers if you plan to list. With that in mind, here are some...
by The Offer Company 