Source: Fox Business — National Association of Home Builders CEO Jerry Howard warned on “Varney & Co.” Monday of “a tough time” ahead for the industry as data revealed the housing market has been slowing down. Howard provided the...
Source: Calculated Risk — Inventory is increasing rapidly. Inventory bottomed seasonally at the beginning of March 2022 and is now up 110% since then. More than double! Altos reports inventory is up 30.3% year-over-year and is now 16.3% above the peak last...
Source: CNBC — Confidence among builders in the nation’s single-family housing market fell in July to the lowest level since the start of the pandemic. The National Association of Home Builders/Wells Fargo Housing Market Index, a survey designed to gauge market...
Source: Marketwatch — If you feel a bit of whiplash hearing the varying takes on the housing market right now, you’re not alone. Home prices are still rising — but not as much! Mortgage rates are generally up — but recently they’ve held below 6%! (See the...
Source: Realtor — Home prices in the U.S. are so sky-high these days, even wealthy foreign buyers aren’t immune to feeling the pinch. Last year, international buyers snapped up 98,600 residential properties totaling $59 billion, according to a new National...
Source: Redfin — Homebuyers are seeking out less expensive locales like Tampa and San Antonio, partly because the surging cost of housing and other goods is limiting their ability to buy homes in many U.S. cities. A record 32.6% of Redfin.com users nationwide...
Bill Ackman’s Foundation Pays $260 Million for 2 Manhattan Buildings …
