U.S. Housing Market Updates
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Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud
Drillman pleaded guilty in December 2023 to one count of conspiracy to commit wire fraud affecting a financial institution. Continue Reading Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud
Premier Mortgage Resources Debuts Specialty Products Division
“The mortgage landscape is evolving, and so are the needs of our clients,” said Cory Swain, CEO. Continue Reading Premier Mortgage Resources Debuts Specialty Products Division
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Report: 1 in 7 Pending Home Sales Were Canceled in January
Atlanta leads the nation in canceled deals, with one in five (19.8%) of January’s pending home sales falling apart. Continue Reading Report: 1 in 7 Pending Home Sales Were Canceled in January
Under Armour CEO Lists Maryland Equestrian Estate for $22 Million
The estate includes a 16,000-square-foot, six-bedroom main residence built in 1995. Continue Reading Under Armour CEO Lists Maryland Equestrian Estate for $22 Million
Mortgage Rates Decline Again
The 30-year fixed-rate mortgage averaged 6.76% as of Feb. 27. Continue Reading Mortgage Rates Decline Again
Current State of the Housing Market; Overview for mid-January
Source: CalculatedRisk Newsletter --- New Listings Have Declined Significantly Here is a graph of new listing from Realtor.com’s December Housing Trends Report showing new listings were down about 21% year-over-year in December. And the local markets I track that have...
Colorado’s shifting housing market and what it means for 2023
Source: Denver 7 ABC News --- DENVER — With the new year, many Coloradans are looking at the next 12 months trying to make sense of the ever-changing real estate market in the midst of an uncertain financial picture. This comes as things really slowed down in...
The percentage of homes with price cuts jumped from 7.1% in December to 13.6% this year. So we asked 7 economists and real estate pros: Is now the time to buy before the spring rush hits?
Source: MarketWatch --- When the weather cools for winter, the housing market often does too. But is that true of the market right now — and what should we expect for the rest of the season and the year? We asked real estate experts and economists to share their...
‘Hang in there,’ Utah real estate agents told. What does that mean for buyers and sellers?
Source: The Salt Lake Tribune --- It’s just two weeks into 2023, and Utah real estate agents are already being told to look to 2024 for things to improve. Hundreds of them broke into a slow nervous laugh Friday when one of the state’s top housing economists offered...
Mortgage repayments for new buyers now ‘close to pre-2008 levels’
Source: FT Adviser --- Mortgage repayments now make up nearly 40 per cent of a first-time buyer’s net take-home pay, which high street bank Nationwide has said is “close to the levels seen in the run up to the financial crisis”. Senior economist at the bank, Andrew...
Economist tells Denver real estate agents to prepare for a recession in middle of the year
Source: Denver Post --- Consumers have held a recession at bay for months now with their robust spending, fighting off the burden of rising prices and higher interest rates. But their resolve, not to mention their financial reserves, are waning and that could force a...
The real estate rager is over. Prepare for a housing hangover.
Source: MLive --- The housing market is cleaning up its wildest party in decades. Prices saw double-digit increases while days on the market were reduced to hours. But now we’re flipping on the lights and ending this rager. It’s time to go back to normal — whatever...
What is a seller’s market?
Source: Bankrate --- In real estate, a seller’s market is just what the name implies: an overall market that favors sellers over buyers. If you want to sell your house, doing so in a seller’s market means you can likely price it relatively high and sell it relatively...
How and When Will Housing Rebound?
Source: NAHB --- NAHB Chief Economist Robert Dietz recently provided this housing industry overview in the bi-weekly e-newsletter Eye on the Economy. Housing data for the end of 2022 illustrate a market continuing to weaken because of low housing affordability,...
US real estate market in ‘big trouble,’ expert warns
Source: Fox Business --- As the Federal Reserve continues its hawkish market reset – which has contributed to a rise in interest and mortgage rates – real estate experts are sounding the alarm that "big trouble" lies ahead for the U.S. market. "When you have a rise...
