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Slowdown in Single-Family Permits in May 2022
Source: Eye on Housing --- Year-to-date ending in May, single-family permits declined in three out of the four regions. The South posted a moderate increase of 1.0% while the Northeast region reported the steepest decline of 11.7%. The Midwest declined by 11.2% and...
Housing Experts Say This Isn’t a Bubble
Source: Keeping Current Matters --- With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the...
Home loan size retreats from record as mortgage application demand cools
Source: Fox Business --- The average size of a home purchase loan has pulled back from its record high as demand for mortgage applications fell for the second straight week. According to the Mortgage Bankers Association, the average purchase loan size fell to...
Builders Weigh-in on House Ways and Means Committee Hearing on U.S. Housing Crisis
Source: World Property Journal --- The National Association of Home Builders chairman Jerry Konter issued the following statement in response to this week's House Ways and Means Committee Hearing, Nowhere to Live: Profits, Disinvestment, and the American Housing...
Should I Buy a Home Right Now?
Source: Keeping Current Matters --- If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you...
Home sales in Utah hit ten-year low in June
Source: Utah Business --- Sandy—Higher mortgage interest rates are slowing home sales. Home sales of all housing types fell to 1,344 transactions in June in Salt Lake County, the lowest number of home sales in Utah for a June month in a decade and 27 percent lower...
Expert Housing Market Forecasts for the Second Half of the Year
Source: Keeping Current Matters --- The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s...
Real Estate’s Hottest Markets Reveal a Seismic Shift in Where Homebuyers Want To Live—and a New No. 1
Source: Realtor --- The summer temperatures are sizzling, but America’s once-hot Western real estate markets are on ice. While the warmer months generally see a decline in homebuyers making the move to temperate Western regions, a new report by Realtor.com® reveals...
Five things to know about the next US housing crisis
Source: Aljazeera --- As real estate in the United States remains strong despite rising interest rates, market analysts interviewed by Al Jazeera predict that the next housing crisis will centre around Americans locked out of homeownership. “That’s our big problem...
These 10 U.S. real estate markets are cooling the fastest: Here’s what to know if you’re a prospective buyer
Source: CNBC --- After staggering growth during the pandemic, the U.S. housing market is starting to cool — and it’s happening fastest along the West Coast. The quickest-cooling real estate market is San Jose, California, according to a new Redfin analysis, which...
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