U.S. Housing Market Updates
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Tech Trends: Efficiency Improving Platforms
This week, Tech Trends highlights four platforms designed to improve the lives of homebuyers, real estate agents and roofing professionals. Continue Reading Tech Trends: Efficiency Improving Platforms
Foreclosure Activity Down Slightly in May
Nationwide, one in every 4,009 housing units had a foreclosure filing last month. Continue Reading Foreclosure Activity Down Slightly in May
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Foreclosed and Vacant Properties Were a Tiny Percent of Q1 Housing Market
Currently, only one in every 14,668 homes across has been vacated due to foreclosure. Continue Reading Foreclosed and Vacant Properties Were a Tiny Percent of Q1 Housing Market
Zillow: 62% of Black Buyers Purchased Their First Home in 2024
Zillow found that St. Louis was the most affordable housing market for typical Black households last year. Continue Reading Zillow: 62% of Black Buyers Purchased Their First Home in 2024
RE/MAX: New Listings and Inventory Up in January
The markets with the biggest year-over-year increase in new listings percentage were Seattle (+32.9%), Anchorage (+29.0%), and Des Moines (+28.4%). Continue Reading RE/MAX: New Listings and Inventory Up in January
‘A welcome development’: As mortgage rates decline for a fifth week, experts say the market has tipped ‘a bit further in favor of buyers’ despite continued ‘affordability hurdles’
Source: Yahoo! --- Mortgage rates continued to weaken for the fifth week in a row, after the Fed announced its seventh rate hike of the year. Sam Khater, Freddie Mac’s chief economist, points to “softer inflation data and a modest shift in the Federal Reserve’s...
‘Supply problem’ is keeping housing unaffordable, expert says
Source: Yahoo! Money --- While many forecasts point to home prices declining next year amid slowing home sales, housing will remain unaffordable for many homebuyers, according to one expert. "We have a supply problem with housing," Marc Norman, associate dean at the...
After this week’s Fed rate hike, where are mortgage rates headed?
Source: CNN Business --- Washington, DCCNN — The Federal Reserve hiked its benchmark lending rate this week for the seventh time this year, capping a year of intense pressure on the housing market that pushed mortgage rates above 7% for the first time since 2002. But...
The Dallas Fed just said US home prices could plunge another 20%. Should I wait for the bottom to buy a house or bite the bullet now?
Source: Yahoo! Finance --- Buying your first home involves a certain amount of strategy. Trying to time your purchase based on the market’s ups and downs can sometimes feel like a game. But over the last few months, that game has been far less fun for hopeful...
Homebuilder Lennar guards against ‘inventory overhang’ as housing market slowdown continues
Source: Yahoo! Finance --- Lennar (LEN) reported a slowdown in new home orders in its fourth-quarter as the housing market remains in correction mode. Lennar said this week new home orders dipped 15% year-over-year in the fourth quarter, reaching 13,200 homes, beating...
These Cities to See Biggest Price Drops Amid Talk of Housing Market Crash
Source: Newsweek --- Experts believe that the housing market is currently in the midst of a correction after the past couple of years saw soaring mortgage rates and heavy inflation, as well as major increases in housing prices. Though there have been warnings that the...
Home Prices Might Plunge in 2023. But Here’s Why We Won’t Have a Housing Market Crisis on Our Hands
Source: The Ascent --- There's a reason it's been a major struggle for home buyers -- particularly first timers -- to break into the real estate market. Housing inventory has lacked in a serious way, and any time there's more demand than there is supply of a given...
Housing Market May Get Some Relief as Fed Eases Rate Hikes
Source: Newsweek --- The Federal Reserve voted to raise interest rates by half a percentage point on Wednesday, a slightly scaled-down increase after several consecutive hikes of .75 percentage points. The hikes have all been part of an attempt to ease soaring...
Housing market predictions: Six experts weigh in on the real estate outlook in 2023
Source: USA Today --- If “hot” was the overused word to describe the U.S. housing market in 2021, then lukewarm to outright freezing might best describe how the market fared overall this year. The pandemic housing market boom, which saw home prices go up by 40% over...
What to watch for in the housing market in 2023
Source: The Hill --- Amid a housing market plagued by high mortgage rates, inflation woes and recession fears, housing prices in the U.S. are expected to fall next year, though the market isn’t likely to see a jump in buyers as a result. Forecasters indicate 2023...
