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,

- Granny flats and renters’ tax credits: Which California housing bills lived and died Friday - Mortgage investors want to make it easier for gig-economy workers to get loans - Run-up in home prices is 'not sustainable': Realtors' chief economist - Freddie Mac May Outlook: Homebuyers Showing Resiliency Amidst Limited Supply and Affordability Constraints - The ‘Trifecta’ Holding Up Home Shoppers - Is Colorful Grout the Next Big Trend in Tile Design? - Design Pop: Decor Tips for Book Lovers Enjoy!

- Is California’s high cost of housing cost scaring off job seekers? - Higher gas prices could hurt already weakening home sales - The Best Housing Markets for Home Flippers - California Real Estate Market Will Remain Strong For The Next Two Years - Want to Buy or Sell a Home for Less? Look to Blockchain Technology - 6 Cozy Outbuildings That Feel Like Cabins in the Woods - Underfoot: What to Know About Engineered Wood Floors Enjoy!

- San Franciscans need to earn $333,000 a year to buy a median-priced home - What does $3,500 rent you in the Bay Area? - Bay Area condo market heats up as alternative to pricey homes - Faced with a housing crisis, California could further restrict supply - Californians could vote on as many as five housing measures in November - These are the jobs being priced out of the Bay Area, according to Indeed - 7 Ideas to Get Your Back-of-the-Island Storage Right -  Get a Shed! And 7 More Ways to Make the Most of the Weekend Enjoy!

- Millennials fare the worst in Bay Area housing crunch, study shows - FOMC keeps rate hike off the table at May meeting - Proposed California solar mandate could add $10,500 to cost of a house - How California's candidates for governor want to fix the state's housing problems - Bathrooms Overtake Kitchens as Most Popular Remodeling Project - What to Do for Mom on Mother’s Day Enjoy!

-  Why the Bay Area is the epicenter of California’s housing crisis -  Here are the top 10 most expensive rental markets in the U.S -  Freddie Expands 3% Down Loans for New Buyers -  Study: May Is Luckiest Month for Sellers -  Buyers Beware: Some Home Sellers May Be Recording You -  Trending Now: 10 Outdoor Rooms to Inspire Summer Lounging -  How to Use Texture to Zone Your Open-Plan Home   Enjoy!