U.S. Housing Market Updates
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Office-to-Residential Conversion Begins on DC Property
The eight-story, 536,000-square-foot office building opened in 1992 and will become an 11-story, 658,000-square-foot modern apartment building. Continue Reading Office-to-Residential Conversion Begins on DC Property
265-Unit Seattle Multifamily Community is Acquired for $173 Million
The 16-story Danforth was constructed in 2018 at the intersection of Seattle’s First Hill and Capitol Hill neighborhoods. Continue Reading 265-Unit Seattle Multifamily Community is Acquired for $173 Million
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Mortgage Application Activity Slows Down
The Refinance Index decreased 4% from the previous week and was 45% higher than the same week one year ago. Continue Reading Mortgage Application Activity Slows Down
Georgia Home Sales Up 2% from Last Year
The median sales price increased by 3% to $349,900 while the average sales price rose by 6% to $426,710. Continue Reading Georgia Home Sales Up 2% from Last Year
Neal Signature Homes Opens New Florida Community
Tideline offers four luxury semi-custom home floor plans, ranging in size from 2,562 to 3,861 square feet. Continue Reading Neal Signature Homes Opens New Florida Community
Real Estate Trends: Pending Homes Sales Have Declined For Six Months Straight – Will Prices Finally Drop?
Source: Housing Wire --- Key Takeaways November 2022 pending home sales decreased 4% compared to October and 38% compared to a year ago. Many factors are leading to the slowdown, including high interest rates, fears of a recession, and unprecedented home sales in the...
Texas housing market: Everything you need to know
Source: Bankrate --- Texas, the country’s second-most populous state, is a top relocation destination for people seeking an affordable cost of living and below-average housing prices. In fact, Texas had the largest population growth of any U.S. state in 2021,...
Lumber market must weather a `treacherous’ 2023 after last year’s staggering 66% price crash as a US housing slump deepens
Source: Insider --- Lumber prices plunged 66% last year as the once red-hot US housing market faltered – and the commodity's troubles will likely continue in 2023, according to strategists. The Federal Reserve's campaign to quell inflation fueled an unprecedented...
Hawaiʻi sees more out-of-state homebuyers; Canadians, Californians purchase on Maui
Source: MauiNow --- More out-of-state residents bought Hawaiʻi houses in the first three quarters of last year compared with the same time in previous years, according to a state report. The report showed about 25% of single-family homes from January to September of...
Got Cash? Opportunities Abound for Home Buyers in San Francisco
Source: Mansion Global --- The drumbeat of layoffs at companies such as Meta, Robinhood, Adobe, Salesforce and Twitter is especially loud in the San Francisco Bay Area, one of the most expensive housing markets in the U.S. and a major tech hub. While real estate...
MONTANA ADVISOR OFFERS COMMERCIAL REAL ESTATE PREDICTIONS FOR 2023
Source: Missoula Current --- (Sterling CRE) In 2023, Montana CRE investors, owners, tenants and developers are seeking answers after a volatile year. As we look ahead, here are trends we predict will shape the commercial real estate market in Montana. Knowing what’s...
Housing market predictions for next 5 years: US homes
Source: Capital.com --- US house prices are set to decline in the next few years after a 40% boom during the Covid-19 pandemic, with rising interest rates increasing the cost of mortgages for new buyers. However, prices are unlikely to fall as they did during the 2008...
CoreLogic’s Major US Housing Market Trends of 2022
Source: Yahoo! Finance --- IRVINE, Calif., January 05, 2023--(BUSINESS WIRE)--CoreLogic, a leading global property information, analytics and data-enabled solutions provider, released the major U.S. housing trends wrap-up for 2022. Year-over-year home price...
Something big is happening in the U.S. housing market—here’s where 27 leading research firms think it’ll take home prices in 2023
Source: Yahoo! Life --- For the first time in over a decade, residential real estate across the world has entered into a period of falling home prices. The U.S. housing market is no exception. The streak of 124 consecutive months of positive home price growth, a...
Manhattan apartment sales plunge in fourth quarter as brokers fear a frozen market
Source: CNBC --- Manhattan apartment sales fell by 29% in the fourth quarter, sparking fears of a frozen market in which buyers and sellers stay on the sidelines due to economic and rate fears. There were 2,546 sales in the quarter, down from 3,560 last year,...
