U.S. Housing Market Updates
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Mortgage Application Activity Up 12.5%
The Refinance Index increased 16% from the previous week and was 28% higher than the same week one year ago. Continue Reading Mortgage Application Activity Up 12.5%
Canada’s RARE Real Estate Expands Into US Market
The company became a household name through the Amazon Prime series “Luxe Listings Toronto.” Continue Reading Canada’s RARE Real Estate Expands Into US Market
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Florida Legislature Considers Launching Study to Determine Feasibility of Ending Property Taxes
Gov. Ron DeSantis expressed support for ending property taxes. Continue Reading Florida Legislature Considers Launching Study to Determine Feasibility of Ending Property Taxes
New Initiative to Provide Prefab Homes to Los Angeles Wildfire Survivors
Steadfast LA did not state how many homes will be made available or when they will first be delivered. Continue Reading New Initiative to Provide Prefab Homes to Los Angeles Wildfire Survivors
Existing Home Sales Down by Nearly 5%
First-time buyers were responsible for 28% of sales in January, down from 31% in December 2024 and identical to January 2024. Continue Reading Existing Home Sales Down by Nearly 5%
How high did US inflation get this year and where is it headed in 2023?
Source: The Guardian --- Inflation soared in 2022 amid Covid-19, the war in Ukraine and a broken supply chain – but here’s what we can expect next. Just a few years ago, inflation seemed like an issue the US and many other major western economies had outgrown. “Is...
Here’s Why a Housing Recession Isn’t a Problem for American Homes 4 Rent
Source: The Motley Fool --- The single-family rental market is largely immune from the housing recession. One of the meta narratives this year has been the housing recession. Between rising mortgage rates and soaring home prices, there is an affordability crisis,...
2022 marked the end of cheap mortgages and now the housing market has turned icy cold
Source: WUSF Public Media --- Evan Paul and his wife entered 2022 thinking it would be the year they would finally buy a home. The couple — both scientists in the biotech industry — were ready to put roots down in Boston. "We just kind of got to that place in our...
Real estate in 2023: Best, worst locations to move to in the new year
Source: Fox Business --- El Paso, Texas, and Detroit may be the most affordable markets to move to in 2023, but that doesn't make them the best investment, according to Redfin chief economist Daryl Fairweather. Uncertainty surrounding the economy — coupled with high...
2023 set to be ‘a good year’ for home sales, Dearborn-area real estate agents say
Source: Press & Guide --- The residential real estate free-for-all is in the rearview mirror and buyers and sellers can expect greater market stability in the year ahead, according to local real estate professionals. Frenzied conditions that roiled the real estate...
Affordability May Rebound in 2023, According to First American Real House Price Index
Source: Yahoo! --- SANTA ANA, Calif., December 26, 2022--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its...
US housing in 2023 won’t be a buyer’s market or a seller’s market
Source: Quartz --- The Federal Reserve hammered both sides of the housing market in 2022. Rising mortgage rates kept home purchases out of reach for many, while higher building costs made it difficult for sellers to reduce the prices of new homes. The National...
Is Housing Inflation Slowing Down? Trends To Look For In 2023
Source: Forbes --- Key Takeaways Many factors contributed to the rapid rise in home and rent prices over the past few years. Because of the long process from building to selling homes, it takes time for housing inflation to slow. The outlook for 2023 is cloudy, with...
What Buyers Need To Consider in The Current Housing Market
Source: WRAL News --- The winds have turned on the US housing market. Sellers listed 24% fewer homes in October compared to 2021, according to data from Zillow. Fewer people are buying houses though, sales dropping 17% below the pre-pandemic estimates in 2019. After...
2022 marked the end of cheap mortgages and now the housing market has turned icy cold
Source: NPR --- Evan Paul and his wife entered 2022 thinking it would be the year they would finally buy a home. The couple — both scientists in the biotech industry — were ready to put roots down in Boston. "We just kind of got to that place in our lives where we...
