U.S. Housing Market Updates
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Virginia Home Sales Remain Flat While Prices Continue to Rise
Virginia’s median sales price was $440,000 in May, up $15,000 since last year, reflecting a 3.5% increase. Continue Reading Virginia Home Sales Remain Flat While Prices Continue to Rise
Mortgage Rates Decline Again
The 30-year fixed-rate mortgage averaged 6.77% as of June 26. Continue Reading Mortgage Rates Decline Again
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Existing Home Sales Up 4.2% in February
First-time buyers were responsible for 31% of sales in February. Continue Reading Existing Home Sales Up 4.2% in February
Home Flipping Activity Declines, Gross Profits Rise
Only 7.6% of home sales in 2024 were flips, down from 8.1% in 2023. Continue Reading Home Flipping Activity Declines, Gross Profits Rise
Shopoff Realty Investments Acquires California Industrial Property for Residential Development
The company announced that $49 million in acquisition financing for the project was secured with support from JLL Capital Markets. Continue Reading Shopoff Realty Investments Acquires California Industrial Property for Residential Development
The US housing market is short 6.5 million homes
Source: CNN Business --- Washington, DCCNN — 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...
Is This Spring the Make-or-Break Moment for 2023’s Housing Market? A Brutally Honest Look Ahead for Buyers and Sellers
Source: Realtor.com --- It’s that time of year again. Homebuyers begin poring over listings with Instagrammable kitchens and shoring up their finances. Sellers slap on fresh coats of paint and make all of the repairs they had been meaning to do since they moved into...
Housing Risk Report Highlights Areas Most Vulnerable to Declines in the United States
ATTOM, a curator of land, property, and real estate data, released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines based on home affordability, foreclosures, and other...
Landmark Properties to Develop Residential Community to Serve University of Southern California Students
Landmark Properties, a real estate firm specializing in the development, construction, investment management, and operation of residential communities, announced plans to develop a second student apartment community in the Los Angeles market. Construction is scheduled...
Survey Indicates Women Investors Prefer Real Estate More Than Men
On International Women’s Day, UBS global wealth management’s chief investment office published a thematic report on women and legacy, focusing on how women investors define legacy, their concerns, how they can best allocate their resources, and how important it is to...
Annual Home Price Growth Continues to Slow Nationwide
CoreLogic, a global property information, analytics, and data-enabled solutions provider, released the CoreLogic Home Price Index (HPI) and HPI Forecast for January 2023. U.S. home prices continued their gradual free fall in January, with the 5.5% annual gain down for...
Housing Market Momentum Stalls as Critical Spring Season Approaches
Source: Mansion Global --- Rising mortgage rates are cooling the U.S. housing market, sapping recent buyer interest heading into the crucial spring selling season. Economists, home builders and real-estate agents saw evidence of a thaw in early 2023, when rates...
Millionaires row no more: Number of houses that cost seven figures nationwide is dropping
Source: USA Today --- As mortgage rates continue their upward march, the share of U.S. homes worth seven figures is dropping. In another indication of the cooling housing market, homes that would have been worth $1 million or more at the peak of the pandemic...
What salary is needed to buy a home in these popular U.S. cities?
Source: Bankrate --- The real estate market has been volatile over the past few years. We’ve experienced high buyer demand, persistently low inventory and mortgage rates rising steeply after a period of record lows. In many cases, elevated home prices mean housing is...
5 Cheap Real Estate Stocks to Buy
Source: Morning Star --- Susan Dziubinski: I am Susan Dziubinski with Morningstar. Every Monday morning I sit down with Morningstar chief U.S. market strategist Dave Sekera to discuss one thing that’s on his radar this week, one new piece of Morningstar research, and...
