Tag Archives: Housing

Buying A House Is Harder Than Ever, And Bidding Wars Keep Breaking Out : NPR

By Chris Arnold Twitter

May 18, 202111:08 AM ET, Heard on All Things Considered

A record shortage of homes for sale and strong demand from buyers are sparking bidding wars and sending home prices to new records.
Paul Sakuma/AP

“You imagine your life in this house, you put in an offer and then two days later it doesn’t get accepted,” Ametrano says. “For me, it’s like very emotionally crushing.”

–From article…

Trying to buy a house right now is in some ways harder than it’s ever been. There’s a record shortage of homes for sale; many people are eager to buy.

Bidding wars are breaking out, sending prices to record highs, and making it feel impossible for many people to buy a home.

Source: Buying A House Is Harder Than Ever, And Bidding Wars Keep Breaking Out : NPR

Baby Boomer Migration Tilts Toward Las Vegas, Tampa And Phoenix

Editors’ Pick | Apr 28, 2021,03:23pm EDT | 517 views

Brenda Richardson, Senior Contributor, Real Estate, I cover residential real estate, including buying, selling and trends.

Sunny retirement locations are still a big draw for Baby Boomers.
getty

Baby Boomers are the wealthiest generation of Americans alive today, and while some may no longer be active in the housing market, plenty are still looking to buy homes.

But where are Baby Boomers looking to buy? To answer this question, LendingTree analyzed mortgage purchase requests made in 2020 on the LendingTree platform across the nation’s 50 largest metropolitan areas.

Here’s what the study found:

Las Vegas, Tampa and Phoenix are the metros where Baby Boomers make up the largest share of mortgage purchase requests. In Las Vegas, 19.97% of purchase requests came from Baby Boomers. In Tampa and Phoenix, the numbers are 17.33% and 16.36%, respectively.

–from article
Continue reading Baby Boomer Migration Tilts Toward Las Vegas, Tampa And Phoenix