U.S. Housing Market Updates
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Rocket Mortgage to Offer Bridge Loans for Homeowners
“With this new flexibility, buyers can quickly and confidently secure their next home,” said Rocket’s Bill Banfield. Continue Reading Rocket Mortgage to Offer Bridge Loans for Homeowners
66-Unit Connecticut Multifamily Property Sells for $20.7 Million
The sale of Putnam Green, which was built in 1976, is the largest multifamily transaction in Greenwich since 2012. Continue Reading 66-Unit Connecticut Multifamily Property Sells for $20.7 Million
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
NAR: Black Homeownership Rate Rising, But Still Below Other Demographics
The overall US homeownership rate was higher in 2023 (65.2%) than a decade ago (63.5% in 2013). Continue Reading NAR: Black Homeownership Rate Rising, But Still Below Other Demographics
Report: Fannie Mae Maintains Blacklist of Over 5,000 Condo Communities
Florida has more than 1,400 developments blacklisted, with California, Colorado, Hawaii and Texas rounding out the top five states. Continue Reading Report: Fannie Mae Maintains Blacklist of Over 5,000 Condo Communities
‘Seinfeld’-Inspired Fraudster Sentenced for Real Estate Scams
Thomas John Sfraga was also known by the alias TJ Stone. Continue Reading ‘Seinfeld’-Inspired Fraudster Sentenced for Real Estate Scams
Housing market crash: U.S. facing “rapidly evolving catastrophe” – how it will end
Source: AsiaMarkets.com --- The ‘reverse wealth effect’ caused by the escalating housing market crash in the United States will have a profound impact on the nation’s economy. That’s according to best-selling finance Author and former Wall Street analyst, John Rubino....
FHA Cuts Mortgage Insurance Rates, Providing More Opportunity for First-Time and Low-Income Buyers
Source: Howard Hanna --- Howard Hanna Mortgage Services is pleased to share the news about an exciting decrease in mortgage insurance premiums. Starting on March 20, 2023 the Federal Housing Authority (FHA) will reduce annual mortgage insurance premiums by 0.3...
Pending Home Sales Improved for Second Consecutive Month, Up 8.1% from December 2022
Pending home sales improved in January for the second consecutive month, according to the National Association of Realtors. All four U.S. regions posted monthly gains but saw year-over-year drops in transactions. The Pending Home Sales Index (PHSI) — a...
Vive Funds Identifies Top Trends in Multifamily Housing for 2023
Multifamily real estate investment firm Vive Funds says technology integration, sustainability and flexible leasing options are among the trends its experts are following in 2023. Data from Flex shows that 38% of U.S. renters - almost 40 million people - live...
Homes owned by Black households appreciated the fastest during the pandemic
Homes owned by Black families appreciated more than any others since the start of the pandemic, with the typical Black homeowner gaining nearly $84,000 in equity. Black Americans also made slight gains in homeownership rates, despite disproportionate job and income...
Are iBuyers good or bad for the real estate ecosystem
iBuyers, short for "instant buyers," are companies that use technology and data analysis to make fast cash offers on homes, usually at a discount. The concept of iBuyers first emerged in the early 2010s as a response to the traditional home selling process, which can...
Homes purchased by all-cash buyers: How is this trend unfolding in the U.S. real estate market?
Source: SiLive.com --- STATEN ISLAND, N.Y. -- At the height of the coronavirus (COVID-19) pandemic, hordes of frenzied home buyers snapped up real estate at an alarming rate, swooping in with astounding all-cash offers to secure property in a rather unconventional...
Most North Bay residential real estate markets off in January from a year ago
Source: North Bay Business Journal --- Inventory of homes for sale in the North Bay was lower in January 2023 compared to last year and is still declining, but real estate industry optimism is growing in expectation of new listings and higher sales volumes leading up...
The value of US homes recorded its biggest six-month drop since 2008
Source: Quartz --- US homes have recorded the largest fall in value since the global financial crisis. In June 2022, US homes were worth a record $47.7 trillion. By the end of the year, they fell by almost 5% to $45.3 trillion. That’s the largest June-to-December...
THE BENEFITS OF A VIRTUAL ASSISTANT FOR YOUR REAL ESTATE OR BROKERAGE AGENCY
Source: Realty Biz News --- As a real estate agent or broker, you know what it’s like on the backend of things. It’s not all glitz and glamour and while you and your team are out showing potential buyers houses on your books, there’s a pile of admin work not being...
