U.S. Housing Market Updates

Source: Fox Business --- From one coast to another, the collapse of California-based Silicon Valley Bank (SVB) has now sent tidal waves to Florida’s real estate market, one broker claimed on "Varney & Co." Thursday. "It's definitely cooled down a bit. Gone are the...

Source: Realtor.com --- Although the Federal Reserve hiked interest rates on Wednesday, mortgage rates veered in the opposite direction and tumbled. For the week ending March 23, the nationwide average for the popular 30-year fixed-rate mortgage was 6.42%, according...

Source: Redfin --- Homebuying demand persisted as mortgage rates declined for the second week in a row after the Fed announced it will only modestly hike interest rates. But limited supply is another barrier for buyers, who are competing for the few homes on the...

Source: Forbes --- The remote work boom that was seen during the pandemic has undoubtedly changed how we work in a fundamental way. For instance, a survey conducted in 2021 found that over 75% of workers would gladly sacrifice a pay raise if they could work flexibly...

Source: Point 2 Homes --- When buying a home, no one thinks about how soon they’ll sell it. But, judging by how long the typical Miami homeowner held onto their property, that time comes much sooner than any newly minted owner might expect. And the pandemic, despite...

Source: Point 2 Homes --- The spread of work-from-home arrangements amplified homeowners’ desire to upsize, with American condo-dwellers rethinking their space, as well as their proximity to neighbors. But is this attainable? Can condo owners even dream about upsizing...