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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...
How prospective first-time homebuyers can succeed in today’s real estate market
Source: Fortune --- With higher mortgage rates and relentless competition for the few houses on the market, homeownership may feel more elusive than ever for young people in America. Our latest Profile of Home Buyers and Sellers report found that first-time homebuyers...
A top real estate economist explains why a housing rebound is coming as rising sales and lack of supply look poised to lift home prices
Source: Insider --- While some experts have warned of an impending US housing crash, Nadia Evangelou, senior economist and director of research at the National Association of Realtors, anticipates the opposite. Home prices and sales will dip this year, but she...
