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Housing market gets more new listings than expected
Source: The Real Deal--- The super-tight housing market got an influx of new listings in June — an unexpected turn of events as U.S. homes have been in short supply since even before the pandemic. The number of new listings in June rose 5.5 percent compared to a year...
FAQ: The CDC’s final eviction moratorium expires July 31. Here’s what Biden is doing to avert a crisis.
Source: The Washington Post--- Housing has increasingly become one of the most unequal parts of the economic recovery. At the top there is a nationwide housing boom, fueled by a run-up in home prices as higher-income households rush to take advantage of record-low...
3 signs that American homebuyers are solving the housing crisis by refusing to pay crazy prices
Source: Business Insider --- One question is plaguing prospective homebuyers in this red-hot housing market: When will prices start coming down? But the cure for high prices is high prices, to paraphrase a famous saying from the commodities world. There's evidence...
Window for Deals on Manhattan’s Luxury Homes Starts to Close
Source: Mansion Global --- Manhattan’s luxury-home buyers are steadily losing their edge over sellers, as sales activity has rebounded sharply from the severe pandemic-induced slowdown of last year, according to the latest contracts data from Olshan Realty. The...
Single-Family Rental Growth Rate in U.S. Doubles Annually in April
Source: The World Property Journal --- CoreLogic's latest U.S. Single-Family Rent Index (SFRI) shows a national rent increase of 5.3% year over year in April 2021, up from a 2.4% year-over-year increase in April 2020. While rent growth dipped significantly last April...
Sub-3% mortgage rate streak comes to an end
Source: MPA --- An increase in mortgage rates has ended a 10-week streak of sub-3% rates, Freddie Mac reported Thursday. For the first time since April, the benchmark 30-year fixed-rate mortgage rose above 3%, up nine basis points to 3.02%. Freddie Mac chief economist...
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