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First American: Potential home sales in June drops 2.5% monthly

First American: Potential home sales in June drops 2.5% monthly

by Third Party | Jul 21, 2022 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market

Source: Scotsman Guide —  According to new figures from First American Financial Corp., a seasonally adjusted annualized rate of 5.47 million existing-home sales would represent a “healthy” pace of home sales for June. Potential home sales according to the...
Grim outlook for housing market, NAHB CEO warns

Grim outlook for housing market, NAHB CEO warns

by Third Party | Jul 19, 2022 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market

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...
Single-Family Starts Fall to Two-Year Low on Higher Construction Costs and Interest Rates

Single-Family Starts Fall to Two-Year Low on Higher Construction Costs and Interest Rates

by Third Party | Jul 19, 2022 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market

Source: Eye on Housing —  Increased interest rates, building material supply chain bottlenecks and elevated construction costs continue to put a damper on the single-family housing market. For the first time since June 2020, both single-family starts and permits...
Foreign buyers remain absent from U.S. housing market

Foreign buyers remain absent from U.S. housing market

by Third Party | Jul 19, 2022 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market

Source: The Real Deal —  The share of U.S. homes purchased by foreign nationals — a potentially critical pool of buyers as rising interest rates threaten to slow domestic spending — has tumbled to a more than twelve-year low. Foreign nationals bought 98,600...
Grim outlook for housing market, NAHB CEO warns

Grim outlook for housing market, NAHB CEO warns

by Third Party | Jul 19, 2022 | News/Current Events, Real Estate News, U.S. Housing Market

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...
7 Things Today’s First-Time Homebuyers Should Consider

7 Things Today’s First-Time Homebuyers Should Consider

by John G. Stevens | Mar 20, 2022 | Mortgage Information, Real Estate Agent Tools, U.S. Housing Market

In today’s market, things are a little intense for first-time home buyers. But just because house prices are skyrocketing and interest rates are higher than what they were a year ago doesn’t mean buying a home is out of reach for you. In this article, we help walk...
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