Reality television is everywhere. You can’t turn on the TV without being bombarded by programs about finding love, finding the next singing sensation, finding ducks, or finding the next biggest newest life-changing invention.
Shows about real estate are not in short supply either. Million Dollar Listing. House Hunters. Selling LA. Flip This House. We can be a voyeur for some of the most amazing properties in the world, follow real estate agents as they navigate the high-stakes arena of buying and selling property, and watch any number of programs that are geared toward taking advantage of market conditions; shows about flipping start popping up in hot markets, whereas programs about renovation may be deeper in times when people are staying put. That’s why we thought it would be fun to put a reality TV spin on the headlines for this week’s news highlights. Here is a look at the stories that made us turn our chair around.
Who will be “The Biggest Loser” this year? If you are a fan of this show, then you know losing is actually a good thing–and that is the case for homeowners with a mortgage right now, since Freddie Mac’s Primary Mortgage Market Survey shows that rates are at or near all-time record lows.
You might say competition in the Bay Area’s real estate market is as fierce as competition on “Dancing with the Stars,” since many “homebuyers are streaming through open houses, making offers tens of thousands of dollars above asking price and still coming away empty-handed,” according to the San Mercury News.
Will You Accept This…Mortgage Payment? Yes, fans of “The Bachelor“! For some young men and women, the house now comes before the rose…and the ring, as our own Coldwell Banker Real Estate LLC study released this week shows that more young couples are buying homes together before they get married, reflecting generational and cultural changes.
It’s the good news-bad news story of rising prices and limited inventory, as the housing market hosts its own peculiar version of “The Amazing Race” toward market recovery. In this week’s episode, “March Existing-Home Sales Slip Due to Limited Inventory, Prices Maintain Uptrend,” says the National Association of Realtors®. Then USA Today says supply is headed up because, as prices rise, more sellers are testing the market.
Which piece of real estate news is keeping your entertained this week?