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Search resuls for: "John Burns"


4 mentions found


☆ 2008-level home-price declines are coming for some areas, one of Wall Street's top housing advisors now says
  + stars: | 2022-10-27 | by ( James Rodriguez | ) www.businessinsider.com   time to read: +5 min
John Burns Real Estate Consulting expects price drops of 20% or more for certain housing markets. Higher mortgage rates have wrecked demand for homes, but the firm says prices are still too high. Devyn Bachman, the senior vice president of research for John Burns, told Insider she had begun to expect "GFC-like pricing declines in certain markets." A survey conducted by John Burns last month found roughly 18% of homebuilders were already reporting year-over-year net home-price declines. "It's going to be a challenging one to two years for anyone involved in housing," Bachman said.
☆ The biggest dilemma for homeowners right now: Should I sell or rent my home in 2022?
  + stars: | 2022-09-08 | by ( James Rodriguez | ) www.businessinsider.com   time to read: +7 min
More owners are now wrestling with the question of whether to sell their home or rent it out. Sellers in today's housing market face a nagging question: Should I just rent out my home instead? He told Insider he's now debating whether to sell or rent out his property. Some property managers are preparing for more homeowners to choose to rent out their homes rather than sell. "As we move into fall here, and more and more properties continue to hit the market, the market becomes weaker and weaker," Linnemann said.
☆ Can you — or should you — buy a house right now? Take our quiz to find out if rising rates and soaring prices will squeeze you out of your dream home.
  + stars: | 2022-06-29 | by ( Kelsey Neubauer | Andy Kiersz | Kazi Awal | ) www.businessinsider.com   time to read: +3 min
Rising mortgage rates, scant inventory, and soaring home prices are hard for house-hunting hopefuls. Take our quiz to find out if you're financially prepared to buy a house, even in this tough market. In 2020 and 2021, record-low mortgage rates and newfound work-from-home flexibility turbocharged demand for housing, resulting in astronomical price increases and seemingly endless bidding wars. Then see whether prevailing personal-finance advice recommends that you buy — and what your monthly mortgage payments would look like if you do. Zillow provides real-time mortgage rates.
☆ A major investor who owns 40,000 rental homes can't find enough new supply, so it'll manufacture its own out of factories in Sun Belt states like Texas and Florida
  + stars: | 2022-05-14 | by ( James Rodriguez | ) www.businessinsider.com   time to read: +4 min
The goal is for each of those factories to produce between 500 and 750 rental homes a year, Joe Butler, the head of Studio Built, told Insider. Modular homes meet the same standards of those built using traditional methods but are typically cheaper and faster to produce. Meanwhile, soaring mortgage rates have made homeownership more expensive, pushing more people into rental homes. Many of those people still want to live in single-family homes in good school districts, Nguyen said. "We believe that Studio Built is going to be a very long-term initiative that's going to be quite successful," Butler said.
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