U.S. Housing Market Updates
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Why is a Rhode Island Property Tax Being Named After Taylor Swift?
Swift has not been seen in Rhode Island since last August when she hosted a celebrity-filled party at her property. Continue Reading Why is a Rhode Island Property Tax Being Named After Taylor Swift?
City Ventures Debuts New LA-Area Townhome Community
Pricing begins in the $500,000s. Continue Reading City Ventures Debuts New LA-Area Townhome Community
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Wisconsin Home Sales Up 7%, Median Home Price Up 11%
During February, Wisconsin’s housing market had 16,037 listings, a 0.4% uptick from the 15,972 one year before. Continue Reading Wisconsin Home Sales Up 7%, Median Home Price Up 11%
Four Seasons in Partnership on New Luxury Complex in Washington, DC
The new development will be built on the site of a former heating plant. Continue Reading Four Seasons in Partnership on New Luxury Complex in Washington, DC
Champion Homes Debuts Manufactured Duplex Series
The Concord Duplex series is available now across the 48 contiguous states. Continue Reading Champion Homes Debuts Manufactured Duplex Series
The US housing market is short 6.5 million homes
Source: KRDO --- The United States is not building enough homes to account for the number of people setting up their own households. As a result, there is a sizable shortage of new homes after more than a decade of under-building relative to population growth,...
Why There Are No Houses to Buy in Many U.S. Metro Areas
Source: Time --- Mortgage rates are rising, and the housing market appears to be softening nationwide. But in many U.S. markets, would-be buyers are facing a big problem: there’s just nothing to buy. Housing inventory—the number of homes on the market—has been falling...
Confidence in the US housing market is approaching an all-time low
Source: New York Post --- Consumer confidence in the US housing market approached an all-time low in February as buyers and sellers contend with a fresh spike in mortgage rates and mounting anxiety about job security. Fannie Mae’s monthly Home Purchase Sentiment Index...
US Housing Supply Continues to Lag Household Formations; Multifamily Construction Offers Alternatives
Source: Realtor.com --- Highlights: US housing markets continue to struggle with a sizable shortage of new homes, a result of more than a decade of under-building relative to population growth. In 2022, the U.S. saw 2.06 million household formations, resulting in 15.6...
Austin Housing Market Forecast
Source: US News --- Given the enormous popularity of the greater Austin, Texas, area for online searches, newcomers and employment growth, it may act as a reasonable bellwether for the state of the U.S. housing market. This will certainly be tested in the spring and...
US housing prices decline for 6th straight month
Source: S&P Global Market Intelligence --- Home prices edged slightly lower in the U.S. in December 2022, marking the sixth consecutive month of falling housing prices as the challenging macroeconomic environment reduced buyer appetite. The S&P CoreLogic...
Sellers Retreat from the Market, Increasing Inventory Shortage and Buoying Home Prices; Affordability Takes Step Back on Rising Interest Rates
Black Knight, Inc.'s Data & Analytics division released its latest Mortgage Monitor Report, based on the company's mortgage, real estate, and public records datasets. With both supply and demand in the housing market being impacted by a volatile interest rate...
Homebuyers’ Monthly Payments Hit All-Time High as Mortgage Rates Rise, according to Redfin Report
The typical homebuyer’s monthly payment hit a new all-time high of $2,563 this week, up 29% from $1,988 a year ago, according to a new report from Redfin, the technology-based real estate brokerage. That’s dampening demand and preventing many would-be sellers from...
Texas Housing Market Recovering from Pandemic and Moving to Stabilization
Following two years of pandemic-related volatility, the Texas real estate market showed signs of stabilization in 2022, according to the 2022 Texas Real Estate Year in Review report released today by Texas Realtors. Consistent growth in sales prices throughout all...
The US housing market is in recession – and the pandemic has created a unique economic headache, elite strategist Liz Ann Sonders says
Source: Insider --- Experts are struggling to explain the US economy's stubbornly high inflation and resilient job gains during a period of surging interest rates. Liz Ann Sonders may have the answer. Charles Schwab's chief investment strategist has suggested the...
