Tag: sell home by owner
Housing Market Predictions for 2024
If you’re thinking about buying or selling a house right now and wondering about the real estate housing market, you’re not alone. The housing market has seen a lot of unusual trends in the past couple of years, so it makes you feel like you’d want the latest market update before you decide to buy or sell. The truth is, housing market predictions are about as reliable as weather forecasts. The real estate pros make their best predictions based on data, but no one can know what’s going to happen with 100% accuracy.
Still, even if you don’t know for
More recent buyers are reselling their homes, and that may be an early sign of mortgage trouble
An increasing number of Australians are selling homes they have owned for fewer than two years, many are at a loss, and analysts warn it may be an early sign of mortgage distress.
Key points:
- CoreLogic says there has been an “unusual” increase in the proportion of people selling their homes after a short period
- The proportion of loss-making resales that were held for less than two years has trebled since late 2021
- Analysts say owners typically avoid selling at a loss, meaning that rising interest rates are likely forcing some to sell
The data comes from CoreLogic, as part