U.S. Housing Market Updates
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Kentucky Home Sales Rise Amid Wider Number of New Listings
The median sales price during the month was $279,000, up 6% month-over-month and up 3.4% year-over-year. Continue Reading Kentucky Home Sales Rise Amid Wider Number of New Listings
Ginnie Mae MBS Portfolio Reached $2.76 Trillion in May
Year-to-date, Ginnie Mae facilitated the pooling and securitization of 268,000 loans for first-time homebuyers. Continue Reading Ginnie Mae MBS Portfolio Reached $2.76 Trillion in May
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
HUD Delays Biden’s Energy Codes Implementation for 6 Months
NAHB Chairman Buddy Hughes called this “an important step forward to help ease the nation’s housing affordability crisis.” Continue Reading HUD Delays Biden’s Energy Codes Implementation for 6 Months
Maui Mayor: ‘Housing Remains One of the Most Pressing Challenges’
“The County is on track to contribute to nearly 620 completed units last year,” said Mayor Richard Bissen. Continue Reading Maui Mayor: ‘Housing Remains One of the Most Pressing Challenges’
Hits and Misses for the Real Estate Week of March 3-7
A real estate agent gets slammed for insulting a waiter, another agent seeks to oust Los Angeles’ mayor, and a huge hole that needs to be filled. Continue Reading Hits and Misses for the Real Estate Week of March 3-7
The Federal Reserve is likely to hike interest rates again. What that means for you
Source: CNBC --- The Federal Reserve is widely expected to announce its eighth consecutive rate hike at this week’s policy meeting. This time, Fed officials likely will approve a 0.25 percentage point increase as inflation starts to ease, a more modest pace compared...
A surge in mortgage rates and elevated home prices dampened California’s housing affordability in fourth-quarter 2022, C.A.R. reports
Feb. 9, 2023 (Staff Writer)- A rapid rise in mortgage interest rates depressed housing affordability in California during the fourth quarter of 2022 and pushed the statewide affordability index for an existing, single-family home to 17 percent, just above the 15-year...
Homebuyer.com Ranks “Most Affordable Cities For First-Time Home Buyers” Using Real-Time Mortgage & Housing Data
Feb. 9, 2023 (Staff Writer)- Homebuyer.com, the mortgage company for first-time home buyers, ranks home affordability in more than 800 U.S. cities using real-time mortgage and housing market data. Using public and private data sources, Homebuyer.com performed...
Buyers are getting more for their money as home shopping season approaches
Feb. 9, 2023 (Staff Writer)- Home buyers' mortgage payments have started stretching a bit further in recent months, a new Zillow® analysis shows. As mortgage rates doubled last year, the home price afforded by a $3,000 payment1 plummeted from $865,000 in...
U.S. FORECLOSURE ACTIVITY CONTINUES TO INCREASE ANNUALLY FOR 21 CONSECUTIVE MONTHS
Feb. 9, 2023 (Staff Writer)- ATTOM, a leading curator of land, property, and real estate data, today released its January 2023 U.S. Foreclosure Market Report, which shows there were a total of 31,557 U.S. properties with foreclosure filings — default notices,...
Ousted WeWork founder Adam Neumann reveals more about his new real estate venture, Flow
Feb. 9, 2023 (Staff Writer)- Adam Neumann, 43, has described how his new company, Flow, will transform how people interact with their homes and give them with a sense of ownership even though they're renting. To illustrate the idea, he said tenants would plunge their...
MRI Survey Reveals What Renters Want: Green Practices, Digital Interactions, Luxury Amenities, and Future Homeownership
Feb. 8, 2023 (Staff Writer)- The PropTech firm MRI Software has good news for landlords and property managers: They can easily make renters happy by adopting green practices and digital communications. Additionally, luxury amenities earned top spots on...
DLA Piper’s Trachtenberg: Transaction volume isn’t going to be stale forever
Source: RE Journals --- Law firm DLA Piper recently released its 2022 Year-End Real Estate Trends Report. One of the more interesting findings? Transactional volume handled by DLA Piper’s real estate group soared in the first half of 2022, nearly doubling the volume...
Goldman Sachs makes a bold housing market call
Source: Yahoo! --- The U.S. housing market might finally be nearing the bottom. At least that's according to Goldman Sachs. Just two weeks after Goldman Sachs downgraded its outlook for the U.S. housing market in a paper titled Getting Worse Before Getting Better, the...
Will the housing market crash in the US in 2023? Here’s what the experts say
Source: AS --- The housing market is down from its peak in the summer of 2022 cooled by rising borrowing rates and many previously red-hot markets being overvalued. But will the US see a housing market crash in 2023? While the general downturn is expected to continue,...
