Homebuyers now have something else to be worried about besides the housing shortage

Mark Blinch/Reuters Mortgage rates have climbed to a two-year high.  What’s different about this rise is a growing concern that borrowing costs are more likely to continue going up.  The recently passed Tax Cuts and Jobs Act created anxiety about housing, since it reduced some of the benefits that homeowners enjoyed.  However, the impact from […]

Phil Spencer says THIS is the most common mistake homebuyers make

The 47-year-old TV presenter doesn’t deny that finding a new home is difficult.  While many homebuyers have a list of ‘must-haves’ and an ideal location in mind, there’s one particular detail they need to remember to make house hunting easier.  Speaking to Express.co.uk, Phil said: “The most common mistake homebuyers make is not being focused.  […]

Homebuyers in the market this spring are being slammed by a ‘double whammy’

Larry Downing/Reuters US pending home sales unexpectedly slumped in April, according to the National Association of Realtors.  Pending sales of condos, co-ops, and single-family homes fell by 1.3%, worse than the 0.5% drop expected. “Prospective buyers are feeling the double whammy this spring of inventory that’s down 9.0 percent from a year ago and price appreciation that’s […]