Buyers are actively hunting for and purchasing homes to take advantage of the current historically-low mortgage interest rates. Problem is, there aren’t enough houses for sale to meet the increasing demand. It’s a good place to be if you plan to list your flip this fall. According to Keeping Current Matters, a resource that provides housing market insights to real estate agents, Chief Economist Sam Khater of Freddie Mac said a late-summer economic slump was the impetus for such low rates: “Mortgage rates have hit another record low due to a late summer slowdown in the economic recovery…These low rates have
After several decades without the multigenerational home, GenXers are bringing it back to the U.S.. Gen Xers are actually buying homes to share with their adult children. These days, one in six Gen Xer bought a multigenerational home. Over half of the Gen X homebuyers that bought a home specifically to accommodate a multigenerational household say that they bought the home because their adult millennial children either were never able to move out or had plans to move back home. These are the results of the 2019 Home Buyer and Seller Generational Trends research from the National Association of Realtors.