Current News & Events
Washington Commanders Select Architect for New Stadium
The approximately 65,000-seat, roofed stadium will host more than 200 activations every year. Continue Reading Washington Commanders Select Architect for New Stadium
Redfin Debuts AI-Fueled Conversational Home Search Tool
The tool is now available on Redfin.com and mobile web, with support for the Redfin iOS app launching in December. Continue Reading Redfin Debuts AI-Fueled Conversational Home Search Tool
Home prices continue decelerating across country, per new report
Source: Bankrate --- Could housing prices finally be coming back down to earth? Home-price growth continued to decelerate for the sixth straight month in September 2022. S&P CoreLogic’s latest Case-Shiller U.S. National Home Price NSA Index, released November 29,...
‘Flatlined’ — or not? 5 economists and real estate pros on what will happen to the housing market next
Source: Market Watch --- The housing market is in flux. Home prices nationwide increased year-over-year by 11.4% in September 2022, according to CoreLogic. But on a month-over-month basis, home prices actually declined, dropping 0.5% from August to September of this...
Is Real Estate a Better Investment Than the Stock Market?
Source: A Wealth of Common Sense --- A reader asks: We own a cash-flowing rental property with a sub-3% mortgage with 28 years remaining. On the Aug 18th episode of Portfolio Rescue, Barry said “Real estate more or less returns zero net of inflation.” However, does...
More of Your Paycheck Is Going to Pay Rent. Which Cities Are Keeping Pace?
Source: The New York Times --- With skyrocketing rents, landlords aren’t just taking more of your cash — they’re spending more of your time. The typical full-time employee in the United States worked nearly 63 hours in October to pay an average rent of $2,040 — almost...
Bank of America CEO predicts two years of pain ahead in the housing market
Source: CNN Business --- New YorkCNN Business — The CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s also hopeful that the likely recession will be brief and “mild.” Bank of America (BAC) CEO Brian Moynihan said in an...
Wait, What? Wharton Professor Jeremy Siegel Says The Housing Market Is Going To Do This
Source: Yahoo! --- Jeremy Siegel, a professor at Wharton, predicts that the housing market will see negative growth as a result of future Federal Reserve interest rate increases that will raise mortgage rates even further. Due to the average rate for a 30-year fixed...
Real Estate Trends: Are We Headed For Another Housing Market Crash?
Source: Forbes --- Key takeaways Many industry leaders, including Goldman Sachs, have altered their predictions for the housing market since early Fall 2022. While mortgage rates have dropped over the past several weeks, they’re not likely low enough to impact...
Millions of housing units are needed in the US
Source: The Real Deal --- One of the biggest reasons affordable housing isn’t available in the most expensive cities in the U.S. is because those localities aren’t permitting enough homes to be built in them, the Atlantic reports. Some areas have allowed housing to...
Mortgage Applications Increase After Dip in Mortgage Rates
Source: Mortgage Orb --- A decrease in mortgage rates resulted in mortgage application volume increasing 2.2% during the week ended November 18. According to the Mortgage Bankers Association’s Weekly Applications Survey, applications for refinances increased 2%...
FHFA Announces Increase Conforming Loan Limit to $726,200
Baseline Conforming Loan Limit Will Increase to $726,200 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2023. In...
