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Rising mortgage rates could slow house price surge
Source: Axios --- Mortgage rates have jumped to their highest level since early 2020. Why it matters: The rising cost of home loans could slow the booming American market for residential real estate. State of play: Across the country, house prices have exploded over...
Commercial real estate market healthy, but changes are coming
Source: Fox 11 --- RENO, Nev. (News 4 & Fox 11 Team) — As COVID-19 continues to spread, work life is continuing to adapt as work from home or hybrid methods become a reality for many employees. With no clear end to the pandemic in sight, what does the traditional...
Housing Market Update: Home Prices Start New Year at New High
Source: Redfin News--- The median home sale price surged 16% year over year during the week ending January 9 to an all-time high of $365,000. Prices keep climbing because the supply drought keeps deepening while demand increases. The number of homes for sale fell to a...
Coverage could soon be impossible for multifamily real estate insureds to secure
Source: Insurance Business America --- The multifamily real estate insurance market in the United States has hardened significantly over the past few years, resulting in major rate increases and restrictions in coverage terms and conditions. Three prevalent issues...
The 10 Most Expensive Homes Sold in Houston’s Record $40 Billion Real Estate Year
Source: Paper City --- The numbers are in for the Houston residential real estate market for 2021 showing it was a record year with overall single family home sales topping the 2020 record by more than 10 percent. Total dollar volume hit a record $40 billion, 28...
Black Mortgage Applicants Denied 84% More Often than White Borrowers
Source: Zillow --- The Black homeownership rate has rebounded modestly from recent lows, but remains below its early 2000s peak as racial disparities in the mortgage and housing markets widened throughout the early part of the pandemic, according to a Zillow analysis...
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