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How ‘Forever Renters’ Are Changing Real Estate As We Know It

How ‘Forever Renters’ Are Changing Real Estate As We Know It

by Third Party | Sep 22, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: Forbes —  The cost of a home is at an all-time high in the United States. According to the National Association of REALTORS®, the median home price increased by 15% from last year. But how exactly is this housing market impacting millennials and Gen-Z?...
Homebuilder sentiment tumbles in September for ninth straight month

Homebuilder sentiment tumbles in September for ninth straight month

by Third Party | Sep 21, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Fox Business —  Confidence among builders in the U.S. housing market plunged more than expected in September to the lowest level since the beginning of the COVID-19 pandemic as painfully high inflation and rising borrowing costs forced potential buyers...
Home-Flipper Opendoor Hit With Losses in Echo of Zillow Collapse

Home-Flipper Opendoor Hit With Losses in Echo of Zillow Collapse

by Third Party | Sep 21, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Bloomberg —  Company lost money on 42% of its August resales after it failed to anticipate slide in housing demand. The US housing market’s sharp downturn has been bad for builders, flippers and almost anyone who had plans to sell a home when rising...
US housing market in ‘deep recession’ as homebuilder confidence tanks: economist

US housing market in ‘deep recession’ as homebuilder confidence tanks: economist

by Third Party | Sep 21, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: NY Post —  The US housing market is in the midst of a “deep recession” that could put pressure on the Federal Reserve to ease up on interest rate hikes, a prominent economist warned on Monday. Homebuilder confidence declined for the ninth straight month...
Black millennials are trying to close the gap in homeownership

Black millennials are trying to close the gap in homeownership

by Third Party | Sep 20, 2022 | Industry Updates, Real Estate News, U.S. Housing Market

Source: AFRO.com —  Millennial buyers are the primary driver of Black homeownership in the U.S. Housing market right now. Many are leaving rental life behind to purchase their first home or investment property in pursuit of having equity and building wealth....
Mortgages: Why Now is a Good Time to Buy a Home

Mortgages: Why Now is a Good Time to Buy a Home

by Third Party | Sep 19, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: Fox17 —  If you’re in the market to find a new house, higher interest rates and prices may have you concerned. MSUFCU Chief Marketing Officer, Deidre Davis, talks about why it’s still a great time to buy a home and how you can prepare. According to...
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