First-time homebuyers budgets and affordability
According to a recent MReport, most first-home shoppers misunderstood what they were able to afford. Realtor.com conducted a survey to determine what shoppers were surprised about when they bought their first home. 47% were surprised because their budget was larger than expected, and 21% found their budget was [...]
Locals struggle to compete for homes in their community
According to an MReport, low supply is not the only reason that home prices are increasing. Homeowners are moving to different cities, which is making it difficult for locals to compete. A Redfin report states that this is occurring in 31 of the 34 major cities. A city [...]
Regions at risk for COVID-19 related economic strain
A recent MReport discusses the states that are at risk for economic strain from the COVID-19 pandemic. Even though the housing market has avoided many of the economic effects from the pandemic, unfortunately, there are certain regions that are being impacted more than others. According to ATTOM Data [...]
Most affordable neighborhoods in New York City
A recent MReport article discusses the affordability in New York City. According to a survey conducted by PropertyClubs, the Bronx is considered the more affordable neighborhood. The survey revealed that three Bronx neighborhoods, Parkchester, Bedford Park, and Fieldston, all have median home prices under $300,000. There are two [...]
Will Virtual Home Tours Continue in 2021?
According to a recent MReport, over half of 2020 homebuyers purchased a home without seeing it in person. Redfin reported that these buyers opted for seeing the home via virtual tours. Experts found that one in ten homebuyers requested a remote tour, due to the COVID-19 pandemic. In [...]
How do grocery stores affect home values?
A recent MReport discusses how a neighborhood’s nearest supermarket affects its home values. Experts from ATTOM Data Solutions used their annual Grocery Store Wars analysis to determine how grocery stores impact home values. Data analysts looked at those who lived near a Trader Joe’s, a Whole Foods, or [...]