Rising Mortgage Rates, Inventory Ease Bidding Wars in June

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Bidding Wars Still High But Cooling Driven by rising mortgage rates and more homes for sale, competition in the US residential real estate market continued to cool off in June. Nationally, the percentage of offers written by Redfin agents that faced multiple bids fell for the third straight month to 68.6% in June, down from 69.5% in May and 75.7% … Read More

BP Podcast 026: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier

Build RealtyReal Estate Investing

Successful real estate investing involves a lot more than just tenants, toilets, and trouble. Successful investors have learned to manage their investing like a business and not a hobby by creating systems to scale their efforts and build wealth faster and more securely. To get a better idea on just how to do this, on […] View the full article: … Read More

BP Podcast 026: Building a Scalable Real Estate Business and Tenant Management Tips with Chris Clothier

Build RealtyReal Estate Investing

Successful real estate investing involves a lot more than just tenants, toilets, and trouble. Successful investors have learned to manage their investing like a business and not a hobby by creating systems to scale their efforts and build wealth faster and more securely. To get a better idea on just how to do this, on […] View the full article: … Read More

#25: Four Newbies and Their Very First Real Estate Success Stories

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On today’s episode of the BiggerPockets Podcast – we’re going to change things up. You see, all of our interviews thus far have been with real estate investing professionals, who are absolutely crushing it in their real estate journey. However, today, we want to sit down with some investors who are just starting out and can tell us their stories … Read More

Homebuyer Demand Softened Again In June

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Although Redfin’s business continues to grow year-over-year, the number of Redfin customers touring homes and making offers dipped more between May and June this year than during the same period last year. This points toward a continued softening of sales through the summer. The slack in demand reflects buyer reactions to climbing interest rates and home prices, which are pricing … Read More

Real Estate Market Slowed Slightly in May

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The percentage of homes that went under contract within two weeks decreased from 33.2 percent in April to 31.9 percent in May. This is likely thanks to increased selection for buyers, as May was the second consecutive month of increases in listing inventory . The 1.3 percentage point decrease was the biggest drop since December. Although the market slowed ever … Read More

Home Buyer’s Reaction to Mortgage Rates Spike

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During the peak summer home-buying season, macroeconomic factors have shaken things up a bit. Federal Reserve Chairman Ben Bernanke announced a tapering of bond buying if the economy continues to improve, and the markets reacted. Last Friday, June 21, saw an especially steep spike with interest rates jumping from 3.9 to 4.5 percent. Naturally, Redfin was paying especially close attention … Read More