U.S. Housing Market Updates
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Home Flipping Profits Down in Q1
The typical investor paid $260,000 for a home they flipped in the first quarter and sold the property for $325,000. Continue Reading Home Flipping Profits Down in Q1
RE/MAX: Home Sales Up for Fourth Consecutive Month
The median sales price also increased year-over-year for the 23rd straight month to reach $442,000. Continue Reading RE/MAX: Home Sales Up for Fourth Consecutive Month
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
FCP Acquires 400-Unit Florida Multifamily Community
Built in 1998, the property has a 94% occupancy rate and offers an array of amenities including a swimming pool, clubhouse, and fitness center. Continue Reading FCP Acquires 400-Unit Florida Multifamily Community
Guten Tag, Miami! Germany Tops List of International Property Seekers Aimed at South Florida
Buyers from Argentina purchased the most South Florida real estate among foreign countries in 2024. Continue Reading Guten Tag, Miami! Germany Tops List of International Property Seekers Aimed at South Florida
Rental Housing Groups Ask White House to Review Regulations Impacting Construction and Affordability
The organizations argued the regulations have created more problems than solutions. Continue Reading Rental Housing Groups Ask White House to Review Regulations Impacting Construction and Affordability
The housing market recession could be bottoming out. What does it mean for home prices?
Source: Fortune --- Fed Chair Jerome Powell made it crystal clear last summer: Spiking mortgage rates would help to “reset” the U.S. housing market, which had turned into a buyer’s nightmare during the pandemic. Of course, spiking mortgage rates wouldn’t magically...
US housing affordability hell ‘can’t beat’ the Florida heat
Source: Fox Business --- With rising mortgage rates and home prices staring homeowners down in 2023, Sun Belt residents are expressing their gratitude for making the historic exodus when they did. "The people are nice, you can't beat the weather and just the climate...
Starter Home Prices Are Soaring and Luxury Is in a Slump—What’s Going On?
Source: Realtor.com --- For those navigating America’s residential real estate market, it’s lately felt a bit like an out-of-control cargo train, ever threatening to veer off the tracks—stomach-churning price accelerations followed by interest rate hikes slamming the...
Goldman Sachs says 4 US cities will suffer a 2008 crash in home values
Source: Fox Business --- Goldman Sachs expects home values to worsen through 2023 amid continued skyrocketing interest rates and declining housing prices. The firm wrote to clients earlier this month that it predicts four U.S. cities will suffer the most catastrophic...
Survey finds Americans wildly misinformed on housing market
Source:The Hill --- A new survey finds Americans are woefully misinformed about the nation’s mercurial housing market, even as millions of them prepare to buy homes. Twenty-eight million Americans plan to purchase a home in 2023, according to a survey released Tuesday...
Is the Housing Market Making You Moody? Influencing Design Trends in 2023
Source: WRAL News --- With record-high gas prices, a housing market boom and global uncertainty, it hasn’t been an easy transition back to stereotypically normal pre-pandemic living. The Consumer Sentiment Index and Fannie Mae Home Price Sentiment Index (HPSI) bear...
Will US growth have slowed in the fourth quarter of 2022?
Source: Financial Times --- How did the US economy fare in the fourth quarter of 2022? The US economy is expected to have expanded in the fourth quarter, albeit at a slower pace than earlier in the year, as the Federal Reserve’s aggressive interest rate-raising...
U.S. Existing-Home Sales Slid Last Year as Interest Rates Surged
Source: Mansion Global --- U.S. existing-home sales fell last year to their lowest level since 2014, as surging mortgage rates made home purchases too expensive for many buyers. Sales of previously owned homes, which make up most of the housing market, slid 17.8% in...
US home sales slump to record low in 12 years
Source: India Today --- US existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious optimism that the embattled housing market could be close to finding a floor. The report from the National Association of Realtors on...
Home Sale Prices Increase Incrementally with Lower Mortgage Rates, Redfin Reports
Source: Mortgage Orb --- The median U.S. home-sale price increased 0.9% from a year ago to $350,250 during the four weeks ending January 15, the biggest increase in a month, according to a new report from Redfin. Prices remain elevated because buyer activity has...
