U.S. Housing Market Updates
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Builder Confidence Sinks to Lowest Level Since December 2022
“Buyers are increasingly moving to the sidelines due to elevated mortgage rates and tariff and economic uncertainty,” said NAHB Chairman Buddy Hughes. Continue Reading Builder Confidence Sinks to Lowest Level Since December 2022
Mortgage Applications for New Home Purchases Down in May
The average loan size for new homes increased from $376,992 in April to $379,209 in May. Continue Reading Mortgage Applications for New Home Purchases Down in May
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Hits and Misses for the Real Estate Week of Feb. 24-28
The CFPB changes its mind, two different approaches to EV charger installations and an eggs-cellent home selling approach. Continue Reading Hits and Misses for the Real Estate Week of Feb. 24-28
Toll Brothers Launches New Phase of Atlanta-Area Luxury Community
Sterling Pointe offers 64 new homes with two-story single-family home designs Continue Reading Toll Brothers Launches New Phase of Atlanta-Area Luxury Community
Ohio Home Sales Inched Up 0.8%
The average sales price across Ohio in January reached $274,522. Continue Reading Ohio Home Sales Inched Up 0.8%
Midwest shines as US housing market remains gloomy
Source: The Salem News --- With mortgage rates spiking above 7% for the first time in 20 years, the pandemic-fueled housing boom came to a screeching halt in 2022. The after-effects of easy monetary policy, skyrocketing energy prices, and supply chain issues converged...
A Final Take on Housing for 2022 and Another Promise of Falling Inflation Top the Week’s Economic Data
Source: US News --- Just how badly did the housing market end 2022? That may be clear this week as a bevy of reports for December are released that will shed some light on the housing market: the number of new permits issued and homes on which construction has begun,...
California voters approve new measures to combat housing shortage locally
Source: firsttuesday Journal --- When it comes to California’s housing crisis, residents are saying enough is enough. Last November, Californians voted on transformative housing measures in their cities amid a long-simmering statewide shortage. The 2022 midterm...
‘Housing will remain weak throughout the winter,’ economist says
Source: The Salem News --- There is one troubling word that Freddie Mac's chief economist Sam Khater uses to describe the winter 2023 housing market: weak. "The housing market remains in the doldrums with declining sales, inventory and prices," Khater said in a...
Up from here? The free fall in housing market activity just concluded, says Capital Economics
Source: Fortune --- Not only did spiking mortgage rates prompt the Pandemic Housing Boom to fizzle out in the summer of 2022, they also pushed housing market transactions into free-fall mode. By December, mortgage purchase applications were down over 40% on a...
What Past Recessions Tell Us About the Housing Market
Source: Keeping Current Matters --- It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them...
These are the Most Vulnerable Housing Markets in America Right Now
Source: Yahoo! Finance --- There are some savvy money moves to make if you earn $5,000 a month, including saving up to buy a home. However, the real estate market has been volatile in recent years, meaning there are a lot of unpredictable factors folks have to...
Is it good to buy when the housing market crashes?
Source: AS --- Potential homebuyers—and most people—shudder at the phrase “recession.” The 2008 recession devastated the real estate business. Sales fell, houses were foreclosed, and the market collapsed. If you’re smart, purchasing a property during a recession may...
The US housing market, Part 1: A look back at 2022 | Cumberland Comment
Source: Herald-Tribune --- Whether viewed by home sales (demand) or housing starts (supply), the U.S. housing market downshifted significantly during 2022. Housing demand is driven by a number of factors, but perhaps chief among them is mortgage rates, as the key...
Investors are ‘desperate’ for a recession that forces the Fed to cut interest rates but what happens to markets if the economy remains healthy?
Source: MarketWatch --- As 2023 gets underway markets are clinging to expectations that the U.S. economy will slide into a recession that effectively forces the Federal Reserve to start cutting interest rates, lower bond yields and borrowing costs, and perhaps help...
