Real Estate News & Insights
Hits and Misses for the Real Estate Week of Nov. 10-14
Trump’s 50-year mortgage plan, the continued upswing in foreclosure activity, and a military base’s unlikely neighbor. Continue Reading Hits and Misses for the Real Estate Week of Nov. 10-14
80% of Montana Homeowners Received a Property Tax Cut This Year
Over 235,000 Montana homeowners have claimed and received a property tax rebate. Continue Reading 80% of Montana Homeowners Received a Property Tax Cut This Year
US housing market on a downward slop as buyers and sellers contend with a fresh spike in mortgage rates
Source: TDPel Media --- Consumer confidence in the US housing market reached a near all-time low in February due to a new surge in mortgage rates and growing anxiety about job security. Fannie Mae’s monthly Home Purchase Sentiment Index fell by 3.6 points to 58.0 in...
More Declines Ahead for U.S. Housing Market After Dead Cat Bounce?
Source: Investing.com --- The U.S. housing market is currently the least affordable in at least 25 years. Affordability is, generically, the ratio of monthly income vs. the median price of a home. Essentially the degree to which a potential home buyer can afford the...
House Bill introduced in Texas Aims to Reduce Wait Times for Development Permits
A bill introduced in the Texas House aims to cut down on development permitting backlogs across the state by offering alternatives if local authorities don’t make a decision on them within a specific time frame. House Bill 14 would require regulatory...
Housing Rents Drop to Lowest Level in Over a Year
The median U.S. asking rent rose 1.7% year over year to $1,937 in February—the smallest increase in nearly two years and the lowest level in a year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were up nearly...
Why There Are No Houses to Buy in Many U.S. Metro Areas
Source: Time --- Mortgage rates are rising, and the housing market appears to be softening nationwide. But in many U.S. markets, would-be buyers are facing a big problem: there’s just nothing to buy. Housing inventory—the number of homes on the market—has been falling...
Confidence in the US housing market is approaching an all-time low
Source: New York Post --- Consumer confidence in the US housing market approached an all-time low in February as buyers and sellers contend with a fresh spike in mortgage rates and mounting anxiety about job security. Fannie Mae’s monthly Home Purchase Sentiment Index...
High Country Real Estate Part IV: Everything is Relative
Source: High Country Press --- It’s hard to miss all the doom and gloom in the media regarding the economy lately. Traditionally, when the media evaluates the economy they talk about two things: unemployment and the housing market. However, the pandemic from 2020...
Long-distance real estate investment in residential properties a hotbed in US South and Midwest
Source: Fox Business --- The rising cost of living and long-term price increases of residential properties in U.S. coastal markets is pushing out-of-state real estate investors into America’s southern and Rust Belt cities. Metropolitan areas including San...
US Housing Supply Continues to Lag Household Formations; Multifamily Construction Offers Alternatives
Source: Realtor.com --- Highlights: US housing markets continue to struggle with a sizable shortage of new homes, a result of more than a decade of under-building relative to population growth. In 2022, the U.S. saw 2.06 million household formations, resulting in 15.6...
Austin Housing Market Forecast
Source: US News --- Given the enormous popularity of the greater Austin, Texas, area for online searches, newcomers and employment growth, it may act as a reasonable bellwether for the state of the U.S. housing market. This will certainly be tested in the spring and...
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