Top Five Cities Where Affordability Declined the Most, According to First American Real House Price Index

SANTA ANA, Calif.–(BUSINESS WIRE)–First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today released the September 2020 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted for the impact of income and interest rate changes on consumer house-buying power over time at national, state and metropolitan area levels. Because the RHPI adjusts for house-buying power, it also serves as a measure of housing affordability.

Chief Economist Analysis: Affordability Declines Nationally for Second Straight Month

“Affordability declined month over month in September for the second month in a row, even as two of the three key drivers of the Real House Price Index (RHPI), household income and mortgage rates, swung in favor of increased affordability,” said Mark Fleming, chief economist at First American. “The

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Bundle Up! Winter’s Home-Buying Game Has Changed. Here’s How To Win

Savvy home buyers know that winter is typically a good time to embark on a house hunt, since much of their competition stays holed up at home until spring. But this winter, buyers might notice that despite the cold and the holidays, they’ve got company.

Lots of it, in fact.

“Normally winter is a good time for buyers,” says® chief economist Danielle Hale. However, since the coronavirus kept buyers on lockdown for much of spring, many are making up for lost time by home shopping hard right now.

“This year’s unusual seasonal pattern means that buyers aren’t getting the usual break from the market frenzy that they typically do in the cooler weather,” Hale explains.

As a result, this winter is shaping up to be a seller’s market, with low real estate inventory, high prices, and bidding wars that could give buyers a major run for their money.

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The suburbs where young Australians want to snap up a house

By Stephen Johnson, Economics Reporter For Daily Mail Australia

06:53 23 Nov 2020, updated 06:58 23 Nov 2020

  • Westpac has asked young Australians where they would like to buy first home
  • Marrickville, Ashbury in the inner west was the top choice for Sydney’s young
  • Melbourne’s south-east was popular with Mitcham and Croydon topping the list
  • In Brisbane, middle-distance northern suburbs Chermside, Zillmere made cut

Australia’s next generation of home buyers want to live in a trendy, bohemian suburb – but only if they’re in Sydney.

Record-low interest rates have boosted first-home buyer activity, with property newcomers making up 34.5 per cent of new loans in September, Australian Bureau of Statistics data showed.

Westpac has asked young Australians where they would like to buy their first home, with expectations varying wildly based on where they live.

Living within 10km of the city centre was a priority in Sydney, with Marrickville (pictured)
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San Marino Woman Buys $60 Million Beverly Hills House

More than three years after it first hit the market, one of the Los Angeles market’s most notorious spec-mansions — the real estate white elephant formerly known as Opus — has finally found a buyer. The 20,000-square-foot contemporary made global headlines in summer 2017, when it debuted with a $100 million asking price and perhaps the raciest real estate marketing campaign of all time: a promotional video showing nude women, covered in gold paint, cavorting together in bed.

The decidedly unsubtle message to sex-starved tech entrepreneurs and other businessmen: cash in your latest app, sell your company. Buy this house and you’ll buy a harem of women to go with it; live like a modern-day Casanova. An appropriate message for the L.A. buyer pool, perhaps, but the plan failed.

It took a change of realtors, multiple price reductions — to a final $60 million ask — and a second,

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Alibaba (NYSE:BABA), (NASDAQ:JD) – Wait A Minute Before Buying Alibaba, JD On The Dip: Barron’s

Chinese stocks are looking tempting following some declines in the past two weeks, but traders could get an even lower buying opportunity in the weeks ahead.

That’s according to a Barron’s article today. 

More Pressure: The cancelled Ant Group IPO and a rotation in the stock market have pushed down Chinese stocks in the past two weeks, with Alibaba Group Holding Ltd (NYSE: BABA) down 11% and Inc (NASDAQ: JD) down 6%, Barron’s said. New regulations in Beijing that put the brakes on the Ant IPO have spooked investors who wonder what other Chinese internet companies might be affected.

More pressure also could come from a possible final round of measures against China from the outgoing administration of U.S. President Donald Trump. 

On Nov. 12, Trump signed an executive order adding more Chinese companies to a list of firms the White House believes have ties to the Chinese

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Why working women should ditch leaning in and lean together instead

  • Sarah Lacy is a serial entrepreneur and the founder and CEO of Chairman Mom, an abuse-free, nonjudgmental platform for working women.
  • For more than 20 years, Lacy had a lucrative career as an entrepreneur raising venture capital in Silicon Valley. 
  • After the 2016 presidential election and height of the #MeToo movement, she decided to devote her life to a new mission of connecting and supporting other women. 
  • Lacy argues women do not professionally help other women like men do, largely due to a “scarcity mentality,” and an internalized bias against other women who haven’t yet “made it.”
  • She says without an engaged support network and systemized change, women will struggle to see the gains they all collectively want.
  • Visit Business Insider’s homepage for more stories.

For the first 20 years of my career, I was mostly in male-dominated spaces. I’ve written for publications like Businessweek and TechCrunch. Even my own

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Michigan teenagers open sneakers store to buy, sell, trade

OKEMOS, Mich. (AP) — Keith Whitfield, Keaton Woods and Lonnie and Leonard Smith love shoes.

Whether they are Jordan 1 Retro High Travis Scott, Kanye West’s Yeezys 350 Zebra or Nike’s classic Air Force 1 ’07, the four high schoolers trade and sell footwear at school or on streets, hoping to obtain a trendier, costlier or more fashionable sole.

They are sneakerheads and, last month, they opened a store in Okemos called House of Soles to take their hobby to the next level. There, they buy, sell and trade sneakers, mostly used, some basically new but pre-owned, according to the Lansing State Journal.

“Every time I would get shoes and would not want to wear them anymore, I would start selling them on the street,” said Lonnie Smith, who is 16 and the chief executive officer of House of Soles. “I thought might as well get a shoe store to

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Washington Home Buyers, I Will Buy House Buying Homes in Any Condition for Cash

LYNNWOOD, Wash., Nov. 21, 2020 /PRNewswire/ — I Will Buy House understands that selling your Washington house alone or with an agent can be stressful, time-consuming, and costly. It can often involve months of uncertainty, cleaning, repairs, showings, open houses, and inspections. 

That’s why I Will Buy House offers a better solution to help homeowners avoid all the stress and hassle of selling a home. Working with the team at I Will Buy House means there are no closing costs or realtor commissions, and there’s no need to worry about making any repairs or costly renovations; they take care of it all.

The company was founded in 2015 by Alex and Viktor. They are a small but mighty family business dedicated to providing knowledgeable and personal experiences to every homeowner they work with. The company was founded to help homeowners resolve difficult real estate situations that would complicate their

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Ramit Sethi: ‘Question What You’ve Been Told About Buying a House’

Home sales have been breaking records during the coronavirus pandemic, spurred by record-low interest rates and the geographic flexibility afforded by remote working arrangements. But is purchasing a home a no-brainer? Ramit Sethi doesn’t think so. Sethi, the author of the best-selling personal finance book, I Will Teach You to Be Rich, and the founder of and Earnable, was a recent guest on the podcast The Long View. In a wide-ranging conversation, he discussed the role of homeownership in a financial plan, as well as his goal to focus financial planning on aspirations rather than spreadsheets and net worth statements. This excerpt from the interview has been lightly edited. 

Christine Benz: I want to talk about homeownership. You have argued that many people overemphasize homeownership as a component of a successful financial life. And it’s definitely hard to argue that homes are always great investments, but they are

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Should You Buy a House With Cash?

In today’s low-inventory housing market, homebuyers are looking for any way to get a leg up on the competition when…

In today’s low-inventory housing market, homebuyers are looking for any way to get a leg up on the competition when putting in an offer on their desired home.

If you have the means, an all-cash offer is a great way to fast-track a deal. A seller is more likely to accept your offer, and the success of the deal isn’t reliant on a lender’s OK following an appraisal. You’ll also own the home outright after the transaction with no mortgage to pay each month.

Cash transactions make up a minority of home purchases: All but just 13% of recent homebuyers financed their purchase, according to the National Association of Realtors’ 2020 Profile of Home Buyers and Sellers.

[READ: How to Decide Where to Live.]

Two reasons to pay cash

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