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Housing Market Warning as Prices Suddenly Fall in One U.S. City

Housing Market Warning as Prices Suddenly Fall in One U.S. City

by Third Party | Jul 7, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Newsweek —  Continuously rising house prices have sparked warnings of a looming crash in the real estate market, but one analysis has shown that a city with soaring prices is already seeing a dip in property values over the last month. Data last month...
‘Fewer signed contracts, fewer bidding wars’: A slowdown in Manhattan real estate may be a grim warning for the U.S. housing market

‘Fewer signed contracts, fewer bidding wars’: A slowdown in Manhattan real estate may be a grim warning for the U.S. housing market

by Third Party | Jul 7, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: MarketWatch —  First, the good news. The median sales price for residential properties sold in Manhattan rose to a record high in the second quarter, up 10.6% annually to $1.25 million, while the average sales price reached its third-highest on record, a...
Is Homeownership Still the American Dream?

Is Homeownership Still the American Dream?

by Third Party | Jul 6, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Keeping Current Matters —  Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many...
Scores of Pandemic Homebuyers Purchased Vacation Homes With High Natural-Disaster Risk

Scores of Pandemic Homebuyers Purchased Vacation Homes With High Natural-Disaster Risk

by Third Party | Jul 6, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Redfin —  Many pandemic homebuyers purchased vacation homes, which are frequently vulnerable to natural disasters. In 2020 and 2021, purchases of second homes with high flood risk rose 45% from the prior two-year period (2018-2019), according to a Redfin...
CoreLogic: Another big home-price increase in May, but slowdowns are coming

CoreLogic: Another big home-price increase in May, but slowdowns are coming

by Third Party | Jul 6, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News

Source: Scotsman Guide —  CoreLogic’s latest Home Price Insights (HPI) report revealed that home prices nationwide, including distressed sales, rose 20.2% year over year in May — a still-strong annual jump, but one that’s likely to precede a period of slowing...
A new kind of South Temple conversion: Office tower will be turned into apartments

A new kind of South Temple conversion: Office tower will be turned into apartments

by Third Party | Jul 5, 2022 | Industry Updates, News/Current Events, Real Estate News

Source: Salt Lake Tribune —  As downtown Salt Lake City’s boom in residential construction rolls ahead, developers have purchased a high-profile office tower along South Temple with plans to convert it into luxury apartments. Hines, a global real estate company...
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