U.S. Housing Market Updates
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Detroit Sues Blockchain Real Estate Firm for Widespread Property Violations
The lawsuit cites Real Token LLC, company owners Remy and Jean-Marc Jacobson, and their 165 affiliated corporate defendants. Continue Reading Detroit Sues Blockchain Real Estate Firm for Widespread Property Violations
New Joint Venture to Develop 243-Unit Rental Community in Denver Suburb
The project is being financed through a $57 million construction loan facility from JPMorgan Chase. Continue Reading New Joint Venture to Develop 243-Unit Rental Community in Denver Suburb
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Homeownership Expenses Consume One-Third of National Average Wage
Nationwide, the typical $2,021 cost of mortgage payments, homeowner insurance, mortgage insurance and property taxes is down 0.7% quarterly. Continue Reading Homeownership Expenses Consume One-Third of National Average Wage
Idaho’s Gov. Little Signs $100 Million Property Tax Cut into Law
The bill passed unanimously in both houses of the legislature. Continue Reading Idaho’s Gov. Little Signs $100 Million Property Tax Cut into Law
Minnesota in Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
MV Realty is permanently banned from doing business in Minnesota. Continue Reading Minnesota in Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
Should I Buy a House Now?
Source: Of Dollars And Data --- Buying a home is likely to be the biggest financial decision you will ever make. As a result, such a decision requires careful consideration of your financial situation, personal life, and the state of the housing market. And with...
These Are the 10 Most Overpriced Housing Markets in the U.S. — 5 Are in Florida
Source: Yahoo! Sports --- Although the housing market is finally cooling down, there are some areas across the U.S. where the market remains hot, and buyers are still paying much more than homes are actually worth. Florida Atlantic University determined the most...
Lower mortgage rates boost US home sales in February
Source: Reuters --- WASHINGTON, March 21 (Reuters) - U.S. existing home sales rebounded more than expected in February as lower mortgage rates and the first year-on-year decrease in prices in 11 years pulled buyers back into the market, further evidence that the...
Real Estate Investors Brace for a Liquidity Squeeze Amid Bank Sector Turmoil
Source: Wealth Management --- A firestorm among the banking sector, including the failures of Silicon Valley Bank and New York’s Signature and infusions of capital into First Republic Bank and Credit Suisse, has real estate investors scrambling to figure out what this...
The Next Generation of Blockchain Technology May be Coming to Real Estate
Dadvan Yousuf, a Bitcoin investor, has resigned from Dohrnii Project to launch his new company, Blockchain Circle. Yousuf decided to step away from the company he founded to pursue his new passion for democratizing the real estate investment industry by representing...
Investors are Still Flipping Houses, But Profits are Down
ATTOM, a leading curator of land, property, and real estate data, today released its year-end 2022 U.S. Home Flipping Report, which shows that 407,417 single-family homes and condos in the United States were flipped in 2022. That was up 14 % from 357,666 in 2021, and...
Our view: Columbus’ housing market not cutting it. We must all open our eyes to crisis
Source: The Columbus Dispatch --- It is easy to disregard a number. It is considerably harder to ignore people. As illustrated by two recent incidents, the affordable housing crisis is having a costly impact on real people in plain sight. Central Ohio can no longer...
With Housing Market Dip, 7 ‘Million-Dollar Cities’ Remain in San Diego County
Source: Times of San Diego --- The U.S. has lost 58 “million-dollar” communities — areas where the typical home is worth $1 million or more — since the housing market peaked last July, a new analysis shows. One of them is in San Diego County, in Bonita, where that...
Is Apartment-phobia Driving America’s Housing Crisis?
Source: Intelligencer --- The United States is very good at sabotaging itself through policy errors. But few of our nation’s governing failures are as simultaneously needless and detrimental as our inability to build housing. There are between 1.5 million and 6...
Houston Housing Market Forecast
Source: US News --- Houston tends to appeal to a wide range of buyers. It's one of the more affordable major cities in Texas, and it's loaded with jobs and amenities. Evan Compean, founder and owner of Compean Group, has been in the Houston real estate business for...
