Real Estatin' the Facts

  Here's the weekly round-up of news. Check it out, save it for later, and/or share it with your friends. Enjoy! Americans cashing out on home equity Source: Inman With interest rates remaining low and home prices on the rise, the amount of cash-out refis has shot up 41% over the last three months, according to Black Knight Mortgage Monitor Report.  The rise in home equity — the value of a homeowner’s interest in their home, after subtracting what they owe on their mortgage — is also good news for borrowers who decided to put their mortgage payments on hold during the pandemic.  Read more...     Remote work will fuel housing demand for years Source: Benzinga A recent Zillow survey found that while remote workers were far more likely to move, approximately 40% of respondents said they did not know if or when they would be required to return to their workplace. However, more than 80% of respondents said they wanted to work remotely at least occasionally while 44% wanted to work from

   Here's the weekly round-up of news. Check it out, save it for later, and/or share it with your friends. Enjoy! Bidding wars fall to lowest level since 2020   Source: Market Watch The frequency of bidding wars on homes has dropped to the lowest level this year — the latest sign that the housing market may be cooling and reverting back to its usual seasonal patterns.  Redfin found that 58.8% of the offers on homes written by the company’s real-estate agents faced competition in August, down from 62.1% the month prior and a peak of 74.3% reached back in April. Redfin defines a bidding war as any situation where there are at least two competing bids on a home.   Budget stresses weigh on consumers   Source: Qualia Nearly a third (30%) of buyers said that, to win in a competitive offer situation, they paid more than they anticipated on their home purchase. Of those who did, 32% paid $52,000 or more over the asking price, according to the Homebuyer Sentiment Index conducted by Qualia,