Current News & Events
Florida House Speaker: DeSantis ‘Small and Petty’ with Property Tax Comments
House Speaker Daniel Perez, a Republican, took umbrage over DeSantis’ remarks. Continue Reading Florida House Speaker: DeSantis ‘Small and Petty’ with Property Tax Comments
Related to Build $7 Billion Michigan Data Center for OpenAI-Oracle’s Stargate Project
Related will build the facilities and infrastructure for this project while Oracle will lease the campus. Continue Reading Related to Build $7 Billion Michigan Data Center for OpenAI-Oracle’s Stargate Project
5 Valuable Home-Selling Lessons We Learned From TikTok
Source: Realtor --- We recently touted TikTok as a great platform to learn valuable tips on buying a home. But don’t worry, sellers—we haven’t forgotten about you. In today’s market, it might seem like you don’t need any other tip for selling your home than to put the...
Today’s mortgage refinance rates increase : June 14, 2022
Source: Bankrate --- Several benchmark mortgage refi rates floated higher today, June 14th, according to data compiled by Bankrate. 30-year fixed refinance rate: 5.89%, +0.38 vs. a week ago 15-year fixed refinance rate: 5.05%, +0.34 vs. a week ago 10-year fixed...
The California exodus continues as residents head south of the border
Source: CNBC --- More than 360,000 people left California in 2021, in what some are calling “The California Exodus” — many leaving for states like Texas, Arizona and Washington. And a rising number of former Californians are migrating out of the country altogether and...
I’m the Chief Economist for the National Association of Realtors. Here Are 6 Things To Know About the Housing Market Now
Source: Realtor --- As mortgage rates inch upwards (you can see the lowest mortgage rates you may qualify for here) and home prices keep climbing, many aspiring buyers are wondering: What should I know about the housing market now? So—as part of our series where we...
These 40 ‘overvalued’ housing markets could see 15% to 20% home price declines if a recession hits
Source: Fortune --- Unlike the housing bubble that popped in 2008, the pandemic housing boom isn’t underpinned by a frenzy of speculation, Moody’s Analytics chief economist Mark Zandi says. While home flipping has certainly ticked up during the pandemic, he says, we...
How hot is the St. George area housing market? Median asking price rises to $762,500
Source: The Spectrum --- A typical Washington County home listed for $762,500 in May, up 0.2% from a month earlier, an analysis of data from Realtor.com shows. The median list home price in May was up about 15.7% from May 2021. Washington County's median home was...
More Americans Choose Real Estate as the Best Investment Than Ever Before
Source: Keeping Current Matters --- Americans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans...
Bad Inflation Reports Raise Odds of Surprise 0.75-Percentage-Point Rate Rise This Week
Source: The Wall Street Journal --- A string of troubling inflation reports in recent days is likely to lead Federal Reserve officials to consider surprising markets with a larger-than-expected 0.75-percentage-point interest rate increase at their meeting this week....
Homebuyer Budgets Flatten, Posting Slowest Annual Growth Rate in Nearly Two Years
Source: Redfin --- Homebuyer budgets are essentially flat from last year, up just 0.3% year over year nationwide in the three months ending April 30, the slowest growth rate since June 2020. That’s according to an analysis of the average maximum price set by...
Big landlords jump into the homebuilding business as demand for single-family rentals surges
Source: CNBC --- As demand for single-family rental homes surges, big landlords are jumping into the homebuilding business to shore up falling supplies. The push comes as more Americans have the flexibility to work from anywhere and are looking for larger spaces with...
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