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Housing Market in ‘Tug of War’ as Prices Continue to Drop Across U.S.
Source: Newsweek --- By mid-2022, as mortgage rates suddenly more than doubled, most housing experts predicted that the booming market would finally cool down, after two years of high demand, skyrocketing home prices, and low inventory heated up the market so much...
Hampton City Council considers lowering real estate tax rate as budget discussions begin
Source: Daily Press --- A roughly 10% increase in residential real estate tax assessments in Hampton has the City Council considering a reduction of the tax rate to offset the burden to residents. Hampton residents received their real estate assessments last month,...
New real estate company wants to shake up NWA living
Source: KNWA --- NORTHWEST ARKANSAS (KNWA/KFTA) — A commercial real estate company, Road Trip Development, is launching a new multi-family housing project in Northwest Arkansas that puts a focus on health and wellness. The owner of Road Trip Development, Robert...
New York real estate broker busted for homeless shelter bribery scheme
Source: Fox News --- A New York City real estate company owner pleaded guilty to paying kickbacks in a scheme to profit from homeless programs, the New York Times reported. Sheina Levin, the owner of Urban Residences Corp, admitted to bribing Victor Rivera, a former...
The Top 10 Woman Real Estate Agents in the United States for 2023
Source: Grit Daily --- Real estate is an industry that demands hard work, dedication, and expertise. Many female real estate agents in the US have made a name for themselves through their outstanding performance, customer service, and sales records. These...
Homeowners Look to Alternative Loans to Combat Rising Interest Rates
Mortgage rates ticked up again in February after a brief respite, showing once again just how rate-sensitive the market continues to be, according to the latest Originations Market Monitor report from Black Knight. "Conforming rates dipped below 6% early in...
Budget proposal from the White House includes more than $175B for affordable housing
Source: American City & County --- Triggered by the pandemic, housing prices in cities and counties across the United States have skyrocketed. Between the fourth quarters of 2021 and 2022, house prices rose 8.4 percent, according to data from the Federal Housing...
CoreLogic and KPMG make bold housing market calls: One says U.S. home prices are bottoming while the other foresees a sharper correction
Source: Yahoo! Life --- For 124 consecutive months, spanning from the bottom of the housing crash in February 2012 through the top of the Pandemic Housing Boom in June 2022, national home prices as measured by the seasonally adjusted Case-Shiller National Home Price...
The Number of ‘Million-Dollar’ Cities in the U.S has Dropped by Nearly 10% in the Last Six Months
The U.S. has lost 58 "million-dollar" cities — cities where the typical home is worth $1 million or more — since the housing market peaked last July, a new Zillow analysis shows. In the six months after the peak, the typical home in million-dollar cities lost an...
Top 10 U.S. Housing Markets Most At-Risk of Downturns in Q4 2022
Source: ATTOM --- According to ATTOM’s newly released Q4 2022 Special Housing Risk Report, inland California, Illinois, New Jersey, and Delaware continued to have some of the highest concentrations of the most-at-risk markets in the country. The report shows the...
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