Current News & Events
CMBS Delinquency Rate Surges to 7.46%
“All five of the major property types saw increases in their respective delinquency rates,” said Vivek Denkanikotte, research associate. Continue Reading CMBS Delinquency Rate Surges to 7.46%
DC-Area Brokerage Reverie Residential Expands to Southern New Hampshire
The brokerage has focused on the District of Columbia, Northern Virginia, and Maryland since 2011. Continue Reading DC-Area Brokerage Reverie Residential Expands to Southern New Hampshire
Home inventory grows as more listings come onto the market
Source: Realty Biz News --- Realtor.com reported that active listings of existing homes rose 19$ in June, the fastest rise since it began tracking the data five years ago. Meanwhile, the number of new listings also surpassed pre-pandemic levels, rising 4.5% from a...
Gen Z and homebuying
Source: Bankrate --- Generation Z is quickly superseding millennials as the next crop of consumers. Born between 1997 and 2012, this group is beginning to hit the marker that makes them old enough to vote, go to college and move out of childhood bedrooms and into...
Housing Market Update: Asking Prices Come Down from All-Time High
Source: Redfin --- More and more, home sellers are ceding to the mounting pressure on affordability posed by this month’s rapid mortgage-rate hike. The median asking price of newly listed homes is down 1.5% from the all-time high it reached in the spring, and a...
Coming Baby Boomer Mortality Rates to Have Minimal Impact on U.S. Housing Supply, Prices
Source: World Property Journal --- According to new research by the Mortgage Bankers Association's Research Institute for Housing America, more than 4 million existing-homes for sale annually over the next decade will come from the aging and mortality of older...
As rates rise and expectations shift, more sellers dropping asking prices
Source: Scotsman Guide --- With affordability hovering around all-time lows and buyer activity on the decline, more and more home sellers are recalibrating their expectations and adjusting their asking prices, according to a new report from Redfin. The median asking...
Real estate, rents continue to climb as housing crunch continues
Source: AZPM --- Housing of all types has gotten pricier in Tucson since the COVID-19 pandemic. On the real estate market, home prices have gone up 50 percent in the past two years, while rents have gone up by a third. "You're seeing a lot of people who are coming in...
Biggest Winners and Losers in a Housing Market Crash, According to Experts
Source: Newsweek --- Soaring home prices, rising mortgage rates, a 40-year inflation high and other factors are fueling concerns that the U.S. housing market could crash. While some experts have doubts about whether such a crash would match the severity of 2008's...
A 3% Mortgage? Leveraging Your Stocks to Buy a Home
Source: Bloomberg --- There may be signs the overheated housing market is cooling, but many buyers still feel like it’s near-impossible to get a house without an all-cash offer, or something close to it. One way to get your hands on that amount of cash is to borrow...
The Best Tips for Finding a Home Virtually
Source: Realty Biz News --- Would you buy a home you’ve never seen in person? That’s exactly what more and more home buyers are doing, thanks to changes in the real estate industry brought on by COVID-19, and the rapid development of sophisticated technology that...
Homeownership Could Be in Reach with Down Payment Assistance Programs
Source: Keeping Current Matters --- A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey. It found that 36% of those polled said saving for a down payment is one of their primary hurdles to buying a home....
Recent Posts
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