Simply Homes, Inc.

A renter's experience of the housing market really depends on where they are right now[VIDEO] https://hubs.la/Q02D0WP40

Looking for a low mortgage rate? Keep an eye on these three important dates that could bring significant rate cuts: - First, July 11, when the inflation report might show a further drop. - Next, July 31, when the Federal Reserve announces its next steps on interest rates and inflation. - Finally, on August 1, when the Fed's moves will have had time to impact the rate climate. Read why here: https://hubs.la/Q02D0Y8C0. #SimplyHomes #AffordableHousing #Proptech #Pittsburgh #Cleveland #Indianapolis

Philadelphia program aims to create affordable housing developers [AUDIO] https://hubs.la/Q02D18Bw0 #SimplyHomes

Existing home sales fell for the third consecutive month in May, declining by 0.7%, as rising mortgage rates and record-high prices still deter prospective homebuyers. Despite the slowdown, home prices have risen for the 11th consecutive month, reaching an all-time high, with the median sales price increasing by 5.8% compared to the previous year, reflecting a 51% rise over the past five years. Contributing factors include elevated mortgage rates and the "lock-in" effect, where homeowners with low fixed-rate mortgages below 3% or 4% hesitate to sell. Additionally, the tight supply of homes for sale has been a constraint, although inventory is gradually increasing. Read more here: https://hubs.la/Q02D0tKH0. #SimplyHomes #AffordableHousing #Proptech #Pittsburgh #Cleveland #Indianapolis

The housing market crisis reveals a flaw in the Federal Reserve's strategy to lower inflation, as the rate hikes implemented have slowed overall prices but are also keeping inflation sticky due to how homeownership costs are factored into key metrics. Experts argue that the current methodology used to estimate the cost of homeownership is flawed, leading to an overestimation of implicit costs for homeowners. Additionally, the aggressive hiking has worsened the housing supply shortage, driving up costs for buying and renting. Read more here: https://hubs.la/Q02B7C2r0 #SellToSimply #realestate #affordablehousing #proptech #homeforsale #wholesaling #pittsburgh #cleveland #indianapolis #cashbuy #quicksale #foreclosure #shortsale #creditscore #mortgage #houserepairs #flood #wildfire

More affordable homes are entering the market, which is as good news as any. According to https://hubs.la/Q02B7B0G0, there has been a 46.6% increase in homes priced in the $200,000 to $350,000 range across the country, indicating a growth in affordable options. Additionally, inventory has risen for the seventh consecutive month, with all 50 largest metro areas seeing an increase in active listings. Read more here: https://hubs.la/Q02B7z0Y0 #SellToSimply #realestate #affordablehousing #proptech #homeforsale #wholesaling #pittsburgh #cleveland #indianapolis #cashbuy #quicksale #foreclosure #shortsale #creditscore #mortgage #houserepairs #flood #wildfire

#SimplyHomes U.S. housing market needs 1.5 million more homes, Freddie Mac finds https://hubs.la/Q02zRNPT0

The housing market continues to worsen for buyers as elevated borrowing costs push up monthly outlays, making it more challenging for first-time homebuyers. Compared to last year, the cost of financing 80% of a home has increased by over 7%. To afford a home, households now need to earn approximately $120,000 a year, $6,400 more than before. Read more here: https://hubs.la/Q02zRWwx0 #SellToSimply #realestate #affordablehousing #proptech #homeforsale #wholesaling #pittsburgh #cleveland #indianapolis #cashbuy #quicksale #foreclosure #shortsale #creditscore #mortgage #houserepairs #flood #wildfire

Renting is crucial for any affordable housing plan to work, but nothing shows how much of a problem it is than the fact that buying a starter home is $1,027 (60.1%) higher than renting in the country's 50 largest metropolitan areas.  https://hubs.la/Q02x-s5l0 #SellToSimply

Nearly 40% of new mortgages issued in 2023 went to homebuyers under 35, while 26.5% went to buyers aged 35-44. The breakdown of homebuyers by age has remained stable over the past five years, with younger Americans being the most common mortgage borrowers.  Despite their prominence in the market, younger buyers still have lower homeownership rates compared to older Americans.  Read more here: https://hubs.la/Q02xZVkk0 #SellToSimply #realestate #affordablehousing #proptech #homeforsale #wholesaling #pittsburgh #cleveland #indianapolis #cashbuy #quicksale #foreclosure #shortsale #creditscore #mortgage #houserepairs #flood #wildfire