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Red hot home prices have more consumers saying now is a bad time to buy

People wait to visit a house for sale in Floral Park, Nassau County, New York.

Wang Ying | Xinhua News Agency | Getty Images

Anyone out hunting for a house knows that bidding wars are no longer the exception, but the rule.

Demand for housing has been unusually strong, due to the coronavirus pandemic, and supply is historically lean. That is a recipe for high prices, which are now beginning to take their toll on potential homebuyers’ confidence.

The share of buyers who say they think it’s a good time to buy fell in September, from 59% to 54%, according to a new survey from Fannie Mae.

Home values were up nearly 6% annually, according to CoreLogic, a data analytics firm. More consumers now expect those price gains to grow.

The percentage of respondents to the Fannie Mae survey who says prices will go up in the next year increased from 33% to 41%, while the share who said prices would go down decreased from 26% to just 17%.

More people do think now is a good time to sell a home, which is an improvement from the first months of the pandemic, when potential sellers didn’t want shoppers in their homes and worried about the state of the overall economy.

If seller sentiment improves substantially, that could help bolster supply and take away at least some of the heat in prices.  

“Going forward, we believe the wild card to be whether enough sellers enter the market to continue to meet the strong homebuying demand,” said Doug Duncan, Fannie Mae’s chief economist. “The home purchase market requires the proper mix of home price growth and continued economic recovery to achieve sustainable levels of housing activity.”

Falling mortgage rates have been driving buyers into the market, especially as rates set record

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Dallas-based Invitation Homes forms new venture to buy up to $1 billion in rental homes

Dallas-based Invitation Homes, the country’s largest rental home owner, is forming a joint venture with a private equity firm to buy up to $1 billion in single-family homes in Dallas, Seattle, South Florida and a dozen other U.S. markets.

Invitation Homes, which owns 80,000 homes, announced the venture with Rockpoint Group LLC on Wednesday. The companies will initially invest $375 million, with Rockpoint putting $300 million into the buying spree.

“We believe both the fundamentals in our sector and the need for high-quality rental housing in the U.S. are as strong as they have been in our company’s history,” said a statement from Invitation Homes CEO Dallas Tanner.

Single-family home rental companies grew out of the 2008 financial crisis, with Wall Street titans like Blackstone Group Inc. investing heavily in buying up distressed properties. Blackstone launched Invitation Homes but cashed out last year, netting billions in profit.

This year, Invitation Homes narrowed its focus to suburbs close to the city center in 16 markets. It bids on homes as they hit the market, competing with first-time homebuyers and other single-family landlords.

The joint venture expects to deploy as much as $1 billion, including debt, to buy and renovate homes.

Invitation Homes will handle asset and property management for the venture, and will collect management fees in the process, according to the companies.

Invitation Homes executives rang the New York Stock Exchange opening bell on Feb. 1, 2017, to mark the company's IPO. (The Associated Press)

Real estate investors have poured billions into the rental home industry in recent months, betting that more Americans will flee dense city living for the suburbs as a result of the COVID-19 pandemic. It’s Boston-based Rockpoint’s first move into rental homes.

Rockpoint co-founder Keith Gelb said the firm is “thrilled to be investing alongside Invitation Homes and to be part of the housing solution in America by expanding quality of choice for those seeking homes for lease in

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10 Awesome A-Frame Homes You Can Buy Right Now

Functional and beautiful, A-frame homes feature a distinctive shape that separates them from tract life.

Often found out in the country, they serve as ski chalets, vacation homes, and weekend getaways. They’ve developed quite a following among Pinterest fanatics on the hunt for cozy (and aesthetically pleasing!) dwellings.

We scoured nationwide listings and found 10 awesome A-frame houses on the market right now.

They represent everything from simple cabins to lakefront compounds for a crowd. Inside, they’re rustic, dramatic spaces filled with special nooks and crannies. Outside, their triangular peaks reach to the sky.


Take a look at this range of incredible A-frames you can buy right now.

Price: $312,500

Up-north A-frame: Overlooking Lake of the Clouds, this three-bedroom, 1,684-square-foot cabin was built in 1972.

It includes a three-season room, an outdoor porch with views, and newer appliances.

It’s a turnkey vacation property with a boat dock, whole-house generator, and the option to purchase two additional adjacent lots.

Canadian Lakes, MI A frame
Canadian Lakes, MI

realtor.com

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Price: $185,000

Ski mountain A-frame: This three-bedroom A-frame sits amid the trees on nearly 3 acres, just a half-hour from three major ski areas—Waterville Valley, Loon Mountain, and Cannon Mountain.

It includes a three-season porch, which the listing says could easily be converted into a year-round living space.

There’s also a detached garage for storage and a level backyard with a fire pit. The home needs a little bit of love, but could quickly become a mountain vacation home anyone would envy.

Campton, NH
Campton, NH

realtor.com

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Price: $218,000

Bob’s A-frame: According to the listing details, this abode once belonged to a gentleman named Bob, who saved the home from demolition.

Built in 1963, the three-bedroom home has 1,100 square feet of living space. The current owners rehabbed the master suite and living room, raised the roof to

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What about $650,000 may buy in Williamson County


Nashville Tennessean

Published 5:00 a.m. CT Oct. 6, 2020

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LEIPER’S FORK

5620 Hargrove Road, Franklin, 37064

Year built: 2016

Square feet: 1,325

Price: $650,000

Description: Two separate cottage homes are attached by wrap around porches and are two minutes from village of Leiper’s Fork. With two bedrooms, two bathrooms, home is on 3.69 acres and has covered porch and a patio.  

5620 Hargrove Road, Franklin, 37064 (Photo: Homes.com)

More photoshttps://www.homes.com/property/5620-hargrove-rd-franklin-tn-37064/id-600042146443/

GET THE LATEST UPDATES:  Download the free Tennessean app on your mobile device.       

FRANKLIN

108 Carolyn Ave., Franklin, 37064

Year built: 1949

Square feet: 3,143

Price: $649,900

Description: Four-bedroom, four-bathroom home is 1 mile from downtown Franklin. Home had complete electrical rewire and replumb in 2005. Home has screened porch, three full levels of living space with bathrooms on each level. Master bedroom and spa bathroom are on main floor. Downstairs has bonus room with stone fireplace and 7 ½-foot ceilings. 

108 Carolyn Ave., Franklin, 37064 (Photo: Homes.com)

More photoshttps://www.homes.com/property/108-carolyn-ave-franklin-tn-37064/id-600029295591/

ARRINGTON

1128 Meadow Bridge Lane, Arrington, 37014

Year built: 2007

Square feet: 3,441

Price: $649,900

Description: Four-bedroom, four-bathroom all-brick home in King’s Chapel neighborhood has chef’s kitchen with Thermador appliances. Kitchen opens to the living space. Yard is landscaped with deck and fenced back yard. 

1128 Meadow Bridge Lane, Arrington, 37014 (Photo: Homes.com)

More photoshttps://www.homes.com/property/1128-meadow-bridge-ln-arrington-tn-37014/id-600029306174/

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What $410,000 can buy in the Nashville area

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a large lawn in front of a house: 2708 Overhill Circle, Nashville 37214


© Homes.com
2708 Overhill Circle, Nashville 37214

DAVIDSON

2708 Overhill Circle, Nashville 37214

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Year built: 1938

Square feet: 2,081

Price: $410,000

Description: Three-bedroom, two-bathroom home with storage space, sitting/office nooks, sunroom, hardwoods, two fireplaces, eat in kitchen with double ovens, pantry, full basement (unfinished) with laundry and exterior access, two-car carport, patio and deck space.



a large green field with trees in the background: 2708 Overhill Circle, Nashville 37214


© Homes.com
2708 Overhill Circle, Nashville 37214

More photos: https://www.homes.com/property/2708-overhill-cir-nashville-tn-37214/id-600027728589/

GET THE LATEST UPDATES:  Download the free Tennessean app on your mobile device.     

CHEATHAM

1104 Golf Course Lane, Ashland City 37015

Year built: 1989

Square feet: 3,514

Price: $410,000

Description: Five-bedroom, four-bathroom home is close to a golf course, on a treed lot. Home has hardwood floors, remodeled kitchen and master bath with granite, new carpet, double trey in master, Screened porch is not counted in total square feet.



a large lawn in front of a house: 1104 Golf Course Lane, Ashland City 37015


© Homes.com
1104 Golf Course Lane, Ashland City 37015



a room with tiled walls and a large window: 1104 Golf Course Lane, Ashland City 37015


© Homes.com
1104 Golf Course Lane, Ashland City 37015

More photos: https://www.homes.com/property/1104-golf-course-ln-ashland-city-tn-37015/id-600027557554/

WILLIAMSON

3208 Dark Woods Drive, Franklin 37064

Year built: 1999

Square feet: 2,109

Price: $410,000

Description: Four-bedroom, three-bathroom

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