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Hits and Misses for the Real Estate Week of June 9-13
The closing of HUD’s Los Angeles field offices by the ongoing riots, Ohio lawmakers kowtowing to the Cleveland Browns, and a real estate agent who keeps selling at 100. Continue Reading Hits and Misses for the Real Estate Week of June 9-13
New Bill Seeks to Give Ohio Counties the Ability to Cut Property Taxes
“Clearly, our taxpayers are telling us across Ohio that the current status quo is not working,” said Rep. David Thomas. Continue Reading New Bill Seeks to Give Ohio Counties the Ability to Cut Property Taxes
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Virginia Home Sales Up 1.8%
Virginia’s statewide median sales price was $399,000 in January, up more than $27,000 since the same time last year, a 7.3% increase. Continue Reading Virginia Home Sales Up 1.8%
New Single-Family Home Sales Sank in January
The median sales price of new houses sold last month was $446,300 while the average sales price was $510,000. Continue Reading New Single-Family Home Sales Sank in January
Flournoy Development Group Breaks Ground on South Carolina Mixed-Use Community
District South will be located on a 21-acre site and will feature 365 multifamily units, 90 for-rent townhomes, six carriage homes, and 13 retail spaces. Continue Reading Flournoy Development Group Breaks Ground on South Carolina Mixed-Use Community
What’s Ahead for the U.S. Housing Market?
Source: Knowledge at Wharton --- The U.S. housing market last year bore the brunt of higher mortgage rates that rode spiraling inflation in the broader economy, but that will change this year, according to Susan Wachter, Wharton professor of real estate and finance....
US real estate has ‘monumental opportunity’ to solve housing crisis in 2023: Expert
Source: Fox Business --- With the New Year comes new opportunities – and one real estate developer and CEO signaled there’s untapped potential in the sector that could make investors big bucks while solving an affordable housing crisis. "This sits as a monumental...
Housing Market Trends and Predictions for the Next 5 Years: 2022 to 2026
Source: Total Mortgage --- The housing market is one of those asset classes that get better with time. Historically, home values rise even if there are stretches in between when the market slows down. For example, in the five-and-a-half decades leading up to 2022,...
Mortgage Lenders: The 2023 Purchase Market Is Your Moment
Source: Forbes --- It’s time for mortgage lenders to stop comparing 2022 volume and 2023 projections to the refinance-fueled record fundings of 2020 and 2021. The pandemic refi boom is long over, and while home buyers who need mortgages are still absorbing this year’s...
Layoffs, sluggish markets signal rough start to 2023
Source: The Real Deal --- The sky isn’t falling as we enter 2023 when it comes to real estate, but there aren’t a whole lot of rainbows up there, either. A number of stories last week point to the year shaping up to be a rough one. Compass, the No. 1 residential...
Buying a home became a key way to build wealth. What happens if you can’t afford to?
Source: NPR --- Rebecca Bush started her home search in January of 2020. "I thought maybe I'll find the perfect house in the next couple of months, and then it will line up with when my lease ends," the 27-year-old says. "Obviously we all know what happened in March."...
With the housing market ‘fizzled out,’ 2023 is off to the worst start in decades — but here’s why analysts are dreaming of a mild spring
Source: Yahoo! --- Homebuyers hoping for a better climate in 2023 have longer to wait, as they now face the highest mortgage rates to start a new year since 2002. However, analysts remain hopeful that today’s volatile rates will stabilize in the coming months. “While...
Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry
Source: Morning Star --- The real-estate sector is in crisis amid the housing downturn. Expect more pain to come before things start to normalize, one housing chief says The real-estate sector is in crisis amid the housing downturn. Expect more pain to come before...
San Diego housing market 2023
Source: Bankrate --- As we head into the new year, the housing market across the country has started to cool, thanks in large part to the Fed’s continual interest rate increases. Still, though, anyone who’s ever lived in California knows that real estate here is...
Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry
Source: Market Watch --- The real-estate sector is in crisis amid the housing downturn. Expect more pain to come before things start to normalize, one housing chief says. “There’s going to be a terrible consolidation,” Glenn Kelman, CEO of real-estate brokerage...
