Real Estate Roundup – March 23, 2018

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End your week right with the latest in real estate news!

Homebuyers Are Not Bothered by Higher Rates or Taxes, but Sellers Are
February saw a stronger than expected rebound for home sales. The National Association of REALTORS® states that sales could have been even higher. The culprit was a critical shortage of listings, the No. 1 obstacle to sellers.

Get Ready for Most Competitive Spring Home Buying Season Since the Great Recession
Spring is the most popular season to shop for homes. This year, domestic housing markets are surprisingly low on inventory. Many homeowners are staying put, and fewer homes are being constructed.  As a result, home prices are rapidly appreciating, and mortgage rates have increased at a steady pace.

Fed Hikes Rates—How Many More Are to Come?
The first rate hike of 2018 happened on March 21. The Federal Reserve increased interest rates one-quarter of a percentage point, with more upticks on the horizon.

Study: Millions More Americans at Risk from Serious Flooding
According to a new study published in the journal Environmental Research Letters, there is still a risk of flooding for millions of Americans who do not live close to a recognized floodplain. Additionally, the Federal Emergency Management Agency underestimates how many people might be affected.

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