Be Cautious About Renos Without Permits

Some homeowners bypass the permit process when they remodel their home, but that can come back to haunt them when they go to sell.

6 Tips for Staging a Home in the Winter

Even in cold, snowy, or icy weather, real estate professionals can do a lot to make a property more appealing to potential buyers.

Where Foreclosures Surprisingly Are Picking Up

Foreclosures are not nearly as prevalent as they were during the housing crisis in 2008. But they’re becoming more frequent in these counties.

Baby Boomers to Drive Home Design Over the Next Decade

More aging-in-place features and shared living could be coming to the housing industry.

Home prices “can no longer shoot up high.” NAR Chief Economist Lawrence Yun has warned before that the rapid run-up in home prices in recent years is unsustainable. That may sound intrinsically negative, but now that a slowdown in price growth is improving buyers’ purchasing power, the real estate industry could come to see a pullback as a positive correction. When Reuters reported its latest housing poll Monday, which revealed a dimming outlook among analysts about how continued affordability pressures could tamp down demand, Yun acknowledged the concerns but also saw the bright side. “We have had 10 years of home prices rising faster than income growth, and because of that, homes have become unaffordable,” Yun told the news agency. “I think we have reached a point where home prices can no longer shoot up high. So, you’re going to see a more moderate pace of growth.” Prices are expected to rise 4 percent this year, followed by increases of about 3 percent in 2020 and 2021, Reuters reported.