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Houston Housing Market Forecast

Houston Housing Market Forecast

by Third Party | Mar 22, 2023 | Real Estate News, U.S. Housing Market

Source: US News —  Houston tends to appeal to a wide range of buyers. It’s one of the more affordable major cities in Texas, and it’s loaded with jobs and amenities. Evan Compean, founder and owner of Compean Group, has been in the Houston real...
Despite Banking Turmoil and Flight to Safety on Bonds, FOMC Raises FFR by 25bps

Despite Banking Turmoil and Flight to Safety on Bonds, FOMC Raises FFR by 25bps

by Leora Ruzin | Mar 22, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

In what was deemed a “game-time decision” by Fed Chair Jerome Powell, the FOMC has opted to raise the Federal Funds Rate by .25%, or 25 bps, according to the statement released today. The target FFR is now 4.75-5%, which is now the highest it has been since 2007. The...
Luxury Home Sales in Miami-Dade Surpasses Pre-Pandemic Levels

Luxury Home Sales in Miami-Dade Surpasses Pre-Pandemic Levels

by Leora Ruzin | Mar 22, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Miami-Dade $1-million-and-up transactions surged triple digits versus pre-pandemic 2019 transactions as total pending home sales and showing appointments rose again for the second consecutive month, according to February 2023 statistics released by the MIAMI...
A New Luxury Apartment Community is Coming to Norwalk, CT

A New Luxury Apartment Community is Coming to Norwalk, CT

by Leora Ruzin | Mar 22, 2023 | Real Estate News, U.S. Housing Market, WRE News Exclusive

Toll Brothers, Inc. a national builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Harris Realty Company LLC have announced a new joint venture to develop Piper, a six-story, 393-unit multifamily rental community in Norwalk, Conn....
As Housing Market Cools, Homebuyers are Putting Less Money Down on a Home

As Housing Market Cools, Homebuyers are Putting Less Money Down on a Home

by Leora Ruzin | Mar 22, 2023 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The typical U.S. homebuyer’s down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to a new report from Redfin, the technology-based real estate brokerage. The median down payment was down 35% from the peak it...
Higher input costs, speculation drive housing prices up

Higher input costs, speculation drive housing prices up

by Third Party | Mar 22, 2023 | Real Estate News, U.S. Housing Market

Source: VN Express International —  The increasing costs of land, materials, labor, legal procedures, and interest rates, as well as speculation, have all been pushing housing prices up for years, according to experts. In recent market reports, the Ministry of...
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