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10 Commercial Real Estate Questions That Need Answers in 2023
Source: Connect CRE --- Citing a quote often attributed to Yogi Berra (who once denied ever saying it), Cushman & Wakefield’s Jennifer Edwards begins a look into the coming year by writing, “It’s déjà vu all over again.” The new year is beginning with “more...
White real estate agents earn 3 times more than Black real estate agents
Source: Yahoo! --- The National Association of Realtors stopped barring Black agents in 1961 but continued to oppose the 1968 Fair Housing Act, which outlawed housing discrimination. The National Association of Realtors reports that white real estate brokers make...
Challenges Faced by Black Real Estate Agents
Source: WNYC --- Brian Lehrer: It's Brian Lehrer Show on WNYC. Good morning again everyone. Anyone read The New York Times article from the other day called Selling Houses While Black? We're going to have the writer, Colette Coleman, on. Housing discrimination is...
North Texas’ 2023 housing market will be ‘mirror image’ of last year, expert predicts
Source: WFAA News --- The U.S. economy is heading into an almost certain recession this year, and for the housing market, the recession is here. But a national recession won’t wallop Dallas-Fort Worth as hard as it does other areas of the country, and that goes for...
The 10 Best Real Estate Markets for First-Time Homebuyers in 2023
Source: Realtor.com --- The housing market has been brutal for first-time homebuyers. And now, just as prices are finally beginning to slacken and the bidding wars are dying down, higher mortgage interest rates have turned the prospect of homeownership into a...
Average mortgage rate: Everything you need to know
Source: MPA Mag --- Mortgage rates depend on numerous factors, including the broader economic outlook and the individual borrower. Therefore, mortgage rates can fluctuate wildly not only within the same year—but within the same week, as well. In 2022, for example,...
Builder Confidence Uptick Signals Turning Point for Housing Lies Ahead
Source: NAHB --- A modest drop in interest rates helped to end a string of 12 straight monthly declines in builder confidence levels, although sentiment remains in bearish territory as builders continue to grapple with elevated construction costs, building material...
US Housing Will Be a Bellwether 2023 Market
Source: MacroHive --- Summary The US housing market is poised for a tough couple of years. A mix of challenging supply/demand dynamics, combined with stretched affordability and deteriorating sentiment, will weigh on the market. Introduction US housing is one of the...
Homebuilders may finally be turning a corner as inflation stabilizes and lower mortgage rates bring buyers back into the market
Source: Insider --- The home buying frenzy that took place throughout much of the pandemic drove the nation's home prices to historic highs, further escalating the country's ongoing housing shortage and affordability crisis. But as inflation eases, bolstering...
Why US home prices will fall another 10 percent, according to Harvard economist
Source: New York Post --- Pain across the US housing market that began last year is likely just getting started if interest rates remain high, star economist Ken Rogoff warned on Tuesday. Rogoff, a professor at Harvard University and former top economist at the...
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