U.S. Housing Market Updates
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Housing Report Finds Most At-Risk Counties in California and New Jersey
More than half (27) of the 50 least at-risk counties in the analysis were in Southern states. Continue Reading Housing Report Finds Most At-Risk Counties in California and New Jersey
Mortgage Rates Remain Mostly Flat
The 30-year fixed-rate mortgage averaged 6.84% as of June 12. Continue Reading Mortgage Rates Remain Mostly Flat
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Illinois Home Sales Up 7%
January’s median price of $285,000 was up by 10.9% from the previous year. Continue Reading Illinois Home Sales Up 7%
S&P/Case-Shiller Index Hits 19th Straight All-Time High
New York City again reported the highest annual gain among the 20 cities with a 7.2% increase in December. Continue Reading S&P/Case-Shiller Index Hits 19th Straight All-Time High
Buy a House, Get Free Eggs? Viral Video Highlights Unlikely Buyer Incentive
The signs were the work of Raleigh-based Diane Kleckner of eXp Realty. Continue Reading Buy a House, Get Free Eggs? Viral Video Highlights Unlikely Buyer Incentive
Here’s what to expect in the housing market this year
Source: CNN Business --- Washington, DCCNN — Last year was a wild ride in the US housing market. Mortgage rates doubled and sales plummeted, triggering the longest month-to-month slump on record. A lot of would-be buyers and sellers watched from the sidelines....
The rise of ‘Zoomtowns’ is going to make home prices and rents cheaper for everyone
Source: Insider --- It's easy to blame remote workers for the pandemic's chaotic housing market. Highly paid white-collar employees who exercised their newfound freedom and turned once cheap locales into expensive "Zoomtowns" make for vivid villains. But a...
Housing market recession: Everything you need to know
Source: Capital.com --- What is a housing market recession? In general, a recession refers to a situation when the economy is witnessing a decline in activity. In addition, a fall in employment, income, retail sales and production also come into play, affecting the...
Millennial Homebuyers: What the 2023 Housing Market Looks Like for Gen Y and Gen Z
Source: US News --- Millennials were already having a hard time becoming homeowners, but as new data shows, 2022 only added fuel to the fire. According to the 2022 Profile of Home Buyers and Sellers report from the National Association of Realtors...
20 young real-estate leaders forecast what’ll happen in 2023, from home prices finally dipping to the rise of the South
Source: Insider --- Real estate is an ever-changing industry where there is as much variety in jobs as there is in location. 2022 wreaked havoc on the housing market: Mortgage rates rose at a fast clip, bidding wars cooled, the Airbnb market shifted, and some...
U.S. Home Price Insights – January 2023
Source: CoreLogic --- Introduction The CoreLogic Home Price Insights report features an interactive view of our Home Price Index product with analysis through November 2022 with forecasts through November 2023. CoreLogic HPI™ is designed to provide an early indication...
Interactive map: The home price correction (or lack thereof) in the 400 largest U.S. housing markets
Source: Yahoo! Entertainment --- There's no doubt about it: We're in a sharp housing market downturn. Across the country, mortgage brokers and builders are scrambling as millions of potential buyers sit on the sidelines after last year's historic mortgage rate shock....
Rocket Mortgage Introduces Purchase Plus, Helping Make the American Dream of Homeownership More Attainable
Special purpose credit program offers up to $7,500 in lender credits for first-time buyers in underserved communities to eliminate a significant hurdle to homeownership DETROIT, December 27, 2022 – Rocket Mortgage, part of Rocket Companies (NYSE: RKT), today...
Seattle home prices will likely fall in 2023. That won’t help buyers
Source: The Seattle Times --- The new year will bring Seattle a new housing market, one without the runaway prices and jaw-dropping bidding wars, yet still difficult for anyone but the region’s wealthiest shoppers. Economists say home prices are likely to fall or...
Home buying forecast: Trends to know in 2023
Source: TB&P --- The housing market has seen extreme highs and lows this year. Fluctuating home prices and mortgage rates are primarily attributed to inflation, fears of a recession, and the U.S. Federal Reserve’s economic policy. Ever-changing factors make the...
