Greater Toronto Monthly Update

Greater Toronto Market Update

Greater Edmonton Area Market Update

While many are priced out in the Bay Area, experts believe that it’s actually a great time to buy if one can afford it.A lot of homes are just sitting, with less competition and more time for buyers to make decisions.However, it's not going to be a buyer's market because there are still homes that are unaffordable for most people.

Great time to invest in the Bay Area

The resale home price in San Diego County fell in May, possibly signaling the start of a cooling housing market.The resale single-family home price was $940K, ↓ $10K MoM, following a slight slowdown seen across SoCal.
The overall median home price in San Diego County was $850K, ↑ 17.2 YoY.

Are resale house value reductions in San Diego, CA signs of a cooling market?

Are resale home price reductions in San Diego, CA signs of a cooling market?

The housing market has been changing as interest rates rise, but it’s still a seller’s market.
Experts are advising prospective buyers to get creative in financial planning.
Co-signing with friends and family members are recommended when it comes to down payments.Buyers who do purchase with friends should be meticulous about the agreements, as they might not want to own the property together forever.

Tips for Canadian buyers to gain advantage in current market

Peoria's 10 most expensive homes sold in May are all well below Long Beach's median of $850K.Long Beach offers homes for that price, but they're smaller and don't have the same amenities.Despite ↓ 30% in sales activity, Long Beach Real Estate is still hot due to tight inventory.Experts predict a cooling-off period, but not a bubble explosion.

Long Beach sellers can still make a sizable profit

Santa Clara’s market is on the rise, with single-family homes in high demand.There is also a growing interest in condo living.Prices are also on the rise, but there are still some great deals to have.Finding rental properties has become difficult, as more people are looking to buy.

Santa Clara's market is ready for buyers

In early June, mortgage rates averaged 5.78%, bringing the monthly mortgage payment on a typical home to $2,127, ↑ 51% YoY.Mortgage payments on a typical Houston-area home are $2,032, ↑ 46.4% YoY.While inventory continues to recover from its February low, it’s still 50% below 2019 levels.
While inventory continues to recover from its February low, it’s still 50% below 2019 levels.

Inventory still low in Houston

Sarasota and Manatee counties’ inventory increased for the second month in a row. 
The combined sales across the two counties ↓ 4.6% YoY to 2,466 in May but ↑ 7.9% MoM. 
Median sales price, YoY:
Manatee County: $550K, ↑ 37.5%
Sarasota County: $495K, ↑ 21.6% 
The local housing market remains very strong, and prices are not likely to come down.

Real Estate remains strong in Sarasota and Manatee counties

Home listings, while still low, ↑ in June at the fastest pace in records dating to 2017.
Most sellers are in a position to reap big profits because they’re sitting on a mountain of equity. In May, US single-family house prices ↑ ~45% from May 2020.
Even though existing-home sales ↓ since February, prices tend to be stickier and sellers have started adjusting expectations.

Prices still up amid deals declining

Prices still up amid sales declining

The Bay Area housing crisis is still present despite owners lowering their asking prices.
However, a slow-down in home prices doesn’t necessarily mean that things are going to get any cheaper.Priced-out buyers are expected to raise the rental demand and cause rent prices to rise.Typical rents in May, YoY:
San Francisco: $3,214, ↑ 10%
San Jose: $3,295, ↑ 12%

Bay Area remains a seller’s market with more reasonable sellers

Bay Area Remains a Seller’s Market with More Reasonable Sellers

Butler County tenants and housing-related organizations are beginning to notice higher rents. 
More local landlords are priced out of the rental market.Affordable housing options have not kept up with the pace of aging and dilapidation. 
1-bed rent increases, YoY:
Hamilton: ↑ 20%
Middletown: ↑ 16%
Fairfield: ↑ 36%

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Greater Toronto Market Update

Greater Edmonton Area Market Update

Great time to invest in the Bay Area

Are resale home price reductions in San Diego, CA signs of a cooling market?

Tips for Canadian buyers to gain advantage in current market

Long Beach sellers can still make a sizable profit

Santa Clara's market is ready for buyers

Inventory still low in Houston

Real Estate remains strong in Sarasota and Manatee counties

Prices still up amid sales declining

Bay Area Remains a Seller’s Market with More Reasonable Sellers

High rents in Butler County, OH make the case for buying rental properties

Localized Real Estate Videos to Win Leads

Sign Up to Add Your Branding to Social Media-Ready Real Estate Videos

Greater Toronto Market Update

Greater Edmonton Area Market Update

Great time to invest in the Bay Area

Are resale home price reductions in San Diego, CA signs of a cooling market?

Tips for Canadian buyers to gain advantage in current market

Long Beach sellers can still make a sizable profit

Santa Clara's market is ready for buyers

Inventory still low in Houston

Real Estate remains strong in Sarasota and Manatee counties

Prices still up amid sales declining

Bay Area Remains a Seller’s Market with More Reasonable Sellers

High rents in Butler County, OH make the case for buying rental properties

Localized Real Estate Videos
to Win Leads

Sign Up to Add Your Branding to Social Media-Ready
Real Estate Videos