While the holiday season isn’t a peak time to purchase Real Estate, that doesn’t mean doing so is a bad idea.
In a sellers’ market, homebuyers will need to have an aggressive and favorable offer, even during the holiday season.
Unlike a month ago, DOM ↑ ~ 15-days, meaning more room for negotiation, fewer bidding wars, and the ability to add more contingencies.In addition to a tax break due to paying the tax-deductible interest, the deals closing by December 31st are entitled to that tax year's advantages. During this time of year, in addition to agents being less busy, buyers can also check for insulation or heat.

Why the holidays are a good time to purchase a house

Why the holidays are a good time to buy a house

The median home-sale price hit a new all-time high of $359.975, ↑ 14% YoY and ↑30% from 2019 and ↑ 1.9% MoM.
The asking prices of newly listed homes ↑ 12% YoY and ↑ 26% from 2019 to a median of $352,250.Pending home sales ↑ 8% YoY, and ↑ 51% compared to the same period in 2019.New listings of homes for sale ↓ 2.7% YoY, but ↑ 12% from 2019, while active listings ↓ 22% YoY and ↓ 41% from 2019.Homes that sold were on the market for a median of 24 days, ↓ YoY from 31 days.

House prices hit a new all-time high

Home Prices Hit a New All-Time High

The 30-yr avg fixed mortgage rate ↑ today, but rates are still at historical lows.
30-yr FMR WoW
The benchmark rate ↑ to 3.26%
↓ than the 52-week high of 3.37%
APR ↑ to 3.38%
At today’s rate, borrowers with a 30-yr FRM of $100K will pay $436/mo in principal and interest; the loan-life interest totals $56,872.15-yr FMR WoW
Avg rate ↑ to 2.56%
↑ than the 52-week low of 2.28%
APR ↑ to 2.75%A 15-yr FMR of $100k with today’s interest rate will cost $670/mo in principal and interest; the loan-life interest totals $20,531.

Current national loan rates November 30,2021

Current national mortgage rates November 30,2021

Bidding wars have steadily ↓ since a peak in April, only to surge back or stay the same in many cities in October. Much of the competitiveness is concentrated in inventory-starved Western states, especially in CA. 
Sacramento logged the second-most competitive market, with an ↑ 77% MoM of bids facing a competing offer.San Diego, CA, and SF were also in the top five areas facing bidding wars.
Bidding wars have intensified in Dallas, Honolulu, Seattle and Colorado Springs, Colorado, while some cities escaped the rebound in a competition last month.
Most notably, Las Vegas, Miami, Charlotte, North Carolina, Phoenix and Tucson, Arizona saw bidding wars drop in October.

Competition to purchase a house is heating back up in these U.S. Markets

Competition to buy a home is heating back up in these U.S. Markets

Government-insured loans
These loans are available from a bank, non-bank and credit union lenders.
2. Government-sponsored enterprise loans
If you have good credit, 680 or higher, these loans offered by Fannie Mae and Freddie Mac are an option. 
These are conventional loans for people with good credit, are W-2 employed and don’t have a lot of debt, according to an expert.3. Down-payment assistance
Banks such as Bank of America and Sandy Spring Bank offer down payment assistance. 
4. State down-payment assistance programs
Grants that don’t have to be paid back ever, or as long as you own or occupy your home for a required period of time.

How to get a low down-payment mortgage

While national single-family demand sits at 900K-units/yr, 1.1M-units are planned.
Meanwhile, institutional investors have already announced build-to-rent home plans of $75B. 
Non-primary buyers, such as Wall Street investors and fix-and-flip investors, are driving a lot of building and buying.But, Zillow's iBuying disaster illustrates how things could go wrong when the market turns.The most at-risk markets are Phoenix, Atlanta, and the Carolina, as well as Dallas, Houston, and Austin, Texas.
Cities with fewer buildings, such as Cleveland, Milwaukee, or Madison, Wisconsin, face less risk from incentives.

Why house prices will tank far sooner than buyers, sellers, and Wall Street think

Why home prices will tank far sooner than buyers, sellers, and Wall Street think

Manchester-Nashua, NH
Rango de actividad: 1
Promedio de días en el mercado: 24, ↓ 6 YoY
Precio promedio de enlistado: $419,900
Burlington, NC
Rango de actividad: 2
Promedio de días en el mercado: 28, ↓ 4 YoY
Precio promedio de enlistado: $295 K 
Eureka-Arcata-Fortuna, CA
Rango de actividad: 3
Promedio de días en el mercado: 25, ↓ 24 YoY
Precio promedio de enlistado: $489 K
Rochester, NY
Rango de actividad: 4
Promedio de días en el mercado: 23, ↓ 8  YoY
Precio promedio de enlistado: $211K
Raleigh, NC
Rango de actividad: 11
Promedio de días en el mercado: 19, ↓ 30 YoY
Precio promedio de enlistado: $425 K

Los mercados de vivienda más activos en Octubre 2021

Esta es la última versión de la ley "Build Back Better" de Biden, publicada a principios de Noviembre.$65 B para la infraestructura de vivienda pública de E.U.
$10 B para la ayuda al pago inicial de los compradores de primera generación.
~$5 B en subsidios para préstamos hipotecarios con tasa flexible a 20 años para hogares de bajos ingresos.$24 B para bonos de vivienda
$15 B para hogares con ingresos extremadamente bajos.
$7.1 B para familias en riesgo de quedarse sin hogar y para supervivientes.
$15 B para el HTF y $10 B para el programa HOME.
$2 B para viviendas de alquiler en zonas rurales.
Financiación para un programa de subsidios competitivo.
Sin embargo, los expertos afirman que el plan no garantiza la reducción de la inflación, e incluso podría empeorar el balance en el mercado.Los subsidios ayudarán a cambiar la economía en la construcción de viviendas asequibles de alquiler y de entrada, pero llevará tiempo.

¿Ayudará el programa "Build Back Better" de Biden a los inquilinos y compradores?

A principios de este año, Realtor.com calculó que la diferencia entre el número de viviendas necesarias y el número de viviendas disponibles es de 5.24M.Entre Enero de 2012 y Junio de 2021, se formaron 12.3 M de nuevos hogares estadounidenses, pero solo se construyeron 7 M de nuevas casas.Esa escasez contribuye a que el ritmo de ventas siga siendo rápido, la demanda de viviendas siga siendo alta y los listados sigan siendo bajos en comparación con años anteriores.Durante las 4 semanas que terminaron el 17 de Octubre, el 33% de las viviendas en más de 400 áreas metropolitanas firmaron contrato en el plazo de una semana desde que se enlistaron, ↑ 30% YoY.Los listados activos ↓ 22% YoY en las 4 semanas que terminaron el 17 de octubre, mientras que las ventas ↓ 40% en comparación con 2019.El precio promedio de venta ↑ 13% YoY a $355,875 durante las 4 semanas que terminaron Oct. 17, ↑ 29% comparado con 2019.

Escasez de viviendas en venta sigue afectado al mercado inmobiliario

Experts say supplying affordable rental housing doesn't solve the affordability crisis, as there’s no shortage in much of the country.The problem is that millions of people lack the income to afford what’s on the market. 
Nationally, ~ 45% of all renter households spend > 30% of their pretax income on rent, the widely recognized threshold of affordability. Nearly two-thirds of renters paying at least half of their income on housing earn below the poverty line (< $20K).At the heart of this crisis is the fact that building and operating housing costs simply exceed what low-income renters can afford.  Covering the difference between what very low-income renters can afford, and the actual rents is the only solution.

Why building more homes can't solve the housing affordability issue

Why building more homes can't solve the housing affordability problem

Investing in multifamily Real Estate? Here are five tips.
Valuate 
Mitigate your risks and pre-anticipate your investment worth by:
Figuring out your cap rate
Finding your 50%
Calculating your cash flow
Consider market trends
Market analytics will help you determine a particular area’s current supply and demand to make smarter decisions.
Location 
Look for high-growth areas that are increasingly attracting more families to appeal to more renters. 
Factor in unplanned scenarios
As even the best-performing markets are subject to declines.

5 Tips for investing in multifamily real estate

5 Tips for Investing in Multifamily Real Estate

While industry insiders predict 2022 price growth as not astronomical, there’s no consensus.2022 home price growth forecasts:
Zillow: ↑ 13.6%
Goldman Sachs: ↑ 16% 
If interest rates lock at 2.98%, the monthly payment would be $1,682, but if it is 3.4%, the monthly payment ↑ to $1,774.At the MBA-forecasted rate of 4%, monthly payments ↑ to $1,910, adding $82K to the loan-life.Lumber ↑ 300% than its pre-pandemic price this spring and caused material shortages and supply chain issues. 
Over the past 4-mo alone new-home prices ↑ 5%; not to mention, the Great Resignation has hit the construction industry hard. As lumber prices ↓ to $389 by mid-August, sidelined DIY buyers are returning, helping to send the price back to $575.

2 big unknowns loom large over the 2022 housing market

Even as sales levels remain high, homebuyers may see some relief in price appreciation in the coming months.
closed transactions ↓ 6.4% MoM among the 51 metro areas surveyed in October, nearly twice the pre-pandemic avg of ↓ 3.3%. 
Home sellers have enjoyed annual increases in sales prices for 34 consecutive months.
Nationally, October saw the second-lowest month’s inventory supplies in the report’s history, at 1.3.

Signs of tight housing market persist in October

You must earn enough income to qualify for a mortgage. Here’s how to determine if you qualify. Home buyers’ income must meet these requirements:
Debt-to-income ratio 43% or less
Steady for minimum 2-yr
Continues for minimum 3-yr
Mortgage lenders approve different types of borrowers. However, your income must meet certain guidelines.
1. Employees
Can use income they receive from a salary, hourly wage, even restricted stock unit income for mortgage-qualifying purposes.
You must provide your lender with your most recent paycheck stubs, W-2s, and tax returns from the previous two years. 
2. Freelancers/self-employed
Have to provide complete tax returns from the previous two years.
3. Other types of income that count toward mortgage qualifying
Dividend income
Retirement income
Social Security income
Alimony/child support

Salary requirements for a house loan

Income requirements for a home loan

According to the MBA, purchase mortgage applications ↑ 6% MoM but ↓ 15.2% YoY in October. Loan applications:
Conventional (75.7%)
FHA (13.5%)
RHS/USDA (0.5%)
VA (10.3%)
October sales updates MoM:
New single-family ↑ 6.4% to 897K-units, adjusted
New homes ↑ 3% to 68K-units, unadjusted
The avg new home loan size ↑ to $412K due to higher loan balance transactions dominating purchase activity.
According to U.S. Census, new sales are mostly homes yet to be built or under construction, while completed homes' share is shrinking.

Purchase loan applications show strong monthly growth

Purchase mortgage applications show strong monthly increase

As high credit score means better interest rates when applying for a mortgage, here are tips to improve the credit score.
1. Pay the bills on time
A good payment history indicates liability.
2. Keep the credit utilization rate low
Try to maintain a utilization rate of 10%; the highest avg FICO scores have a utilization of 7%.
3. Leave old accounts open
It’s better off keeping it with a $0 balance; any bad debts are automatically removed over time.
4. Take advantage of score-boosting programs
These programs allow consumers to boost a thin credit profile with other financial information.

7 steps to improve your credit score right now

Resale inventory shortage combined with strong demand continues to boost single-family homebuilding.In November, homebuilder confidence for single-family homes ↑ to 83 on the NAHB/Wells Fargo HMI.

Of the HMI:
Current sales conditions ↑ 3 pp to 89
Buyer traffic ↑ 3 pp to 68
Sales expectations unchanged at 84
Builders intentionally restrict their sales pace to align with their production levels and better ensure the closing dates.

Homebuilder confidence surges past expectations, as buyer demand remains high

While many still believe in the American Dream, many others are finding other interpretations of the concept.59% of Americans still aspire to be homeowners, but now there are four kinds of a better dream life.
Version 1: An exclusive suburbia for those with postwar dreams
The suburbs are now mostly attainable for the wealthy.
Version 2: Finding affordable housing in the exurbs 
A rural community that is distantly commutable to a big city.
Version 3: Reviving cities as places of connection, not work
The pandemic accentuated a demographic divide among urbanites by accelerating pre-pandemic behaviors.

The pandemic's housing crisis splintered the American Dream into 4 different versions

According to an analysis, more than 65% of wealthy millennials are planning to sell a home in 2021 or 2022. Wealthiest millennials in urban areas:
83% homeowner
60% prospective homeowner
As remote work remains popular, 29% of millennial business leaders are relocating to new areas. While only 39% of millennial entrepreneurs are homeowners, but they will account for 32% of luxury home sellers in 2022. In 2022, 21% of all retired Gen Xers plan to sell a home, accounting for 27% of luxury home sellers.

The 4 segments of luxury sellers that will drive the market

Real Estate Investment Trust
REITs are similar to mutual funds, offering everyday investors the opportunity to realize dividend-based income and returns.
As a REIT stockholder, you earn a share of the produced income without directly buying, financing or managing the property.2.Hard Money Loan
Also called bridge loans, they're short-term asset-backed bridge loans, also known as STABBL, and asset-based loans.
They are used for short-term financing of mortgage loans and are a quicker way to invest in housing than going through the traditional institution financing and approval process.3.Government Loans
The U.S. government offers loan programs for Real Estate investing. Here’s a couple to consider:
-Department of Veterans Affairs (VA) Home Loan Program: $0 down payment and favorable interest rates. 
-Rural Housing Loan Program: To buy, build and improve a permanent rural area residence.

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How To Invest In Real Estate With No Money

Forecast

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2022 Forecast for key housing indicators

2022 Forecast for Key Housing Indicators

2022 house prices will keep rising at or near double digits

2022 home prices will keep rising at or near double digits

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Predictions For The Future Of The Real Estate Market

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U.S. Housing Market Predicted to be Even Hotter in 2021

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U.S. Home Prices Will Keep Rising Through 2021 and Into 2022

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The supply of homes has improved, but the demand is still high; home prices are expected ↑ 16% by the end of 2022. There are people that have never had this much equity in their homes.
There’s a lot more equity to tap into these days, which is much different from foreclosures during the Great Recession. Homes are getting snatched off the market fast, so if planning to sell, have a plan for the next move.
Some are renting after selling, some are sitting on the money, but most don't have regrets. There are creative offers these days: closing in 30-days or extra time to the seller to stay until they find somewhere else to go.

House prices projected to see 16% jump before 2022 finishes

Home prices projected to see 16% increase before the end of 2022