Real Estate News & Insights
Chicago Housing Authority Sues HUD Over New Anti-DEI Mandates in Grant Programs
CHA argued the forced termination of DEI policies could impact up to 13% of the agency’s annual budget. Continue Reading Chicago Housing Authority Sues HUD Over New Anti-DEI Mandates in Grant Programs
Howard Hanna Acquires Manhattan’s Elegran Real Estate
The financial details of the deal were not disclosed. Continue Reading Howard Hanna Acquires Manhattan’s Elegran Real Estate
How to Buy a House for Sale by Owner
Source: Nerdwallet --- Most home sellers work with real estate agents to list and market their properties and negotiate with buyers. But about 7% of sellers skip hiring an agent and list their homes "for sale by owner," or FSBO, according to a National Association of...
Housing Market Update: Shrinking Pool of Buyers Snatch Up Homes at Record Pace
Source: Redfin --- The typical home for sale found a buyer in 15 days, the fastest pace on record, during the four-week period ending May 8. Meanwhile, pending sales fell 6%, the largest year-over-year decline since June 2020 when the initial pandemic shock to the...
Housing supply is finally improving, as high prices and rising rates weigh on sales
Source: CNBC --- One of the leanest housing markets in history might be putting on some fat. The supply of homes for sale could increase in the next few weeks, according to new data from Realtor.com. In April, inventory was 12% lower than in the same month last year,...
Adjustable-rate mortgage demand surges to 14-year high, as homebuyers try to afford this pricey spring market
Source: CNBC --- It could be more listings on the market, or perhaps just fear that interest rates will move even higher, but homebuyers are showing more demand for mortgages. They are, however, turning even more to adjustable-rate mortgages (ARMs), which offer lower...
Real estate expert on ‘strong’ apartment rental demand as housing affordability poses nationwide challenges
Source: Fox Business --- HESSAM NADJI: Well, the rapid rise in interest rates is causing a lot of concern, especially in the housing market. Affordability is already a challenge. Nationwide, prices for homes are up 36% since the pandemic began. So since the end of...
Something big is happening in the housing market
Source: Fortune --- The most competitive housing market ever is finally showing signs of breaking. As data trickles in for April, it's becoming clear that the historically hot housing market has flipped trajectories. It's now in cooling mode. The number of homes...
I Downsized from a House to an Apartment. Here Are 4 Things I Wish I Knew Before Packing
Source: Apartment Therapy --- That old high school football jersey two sizes too small to fit? Tossed it. That R&B CD collection collecting dust on the bookcase? Farewell. One of the hardest things about moving from a house to an apartment is having to part...
Will Home Prices Fall This Year? Here’s What Experts Say.
Source: Keeping Current Matters --- Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say...
Title insurance industry premiums spike $7B year over year
Source: Housing Wire --- The American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to the trade group’s Market Share Analysis, published Friday. The title...
How Today’s Mortgage Rates Impact Your Home Purchase
Source: Keeping Current Matters --- If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach....
