U.S. Housing Market Updates
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Hits and Misses for the Real Estate Week of June 2-6
Different strategies for financing new stadiums, problematic approaches to cutting property taxes, and a misguided attempt to generate five-star online reviews. Continue Reading Hits and Misses for the Real Estate Week of June 2-6
Philadelphia’s Historic Wanamaker Building to Undergo Office-to-Residential Conversion
Office space will be preserved on the fourth and fifth floors. Continue Reading Philadelphia’s Historic Wanamaker Building to Undergo Office-to-Residential Conversion
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Single-Family Housing Starts Down by 8.4%
Single-family housing completions in January were at a rate of 982,000, a 7.1% rise from the revised December rate of 917,000. Continue Reading Single-Family Housing Starts Down by 8.4%
Mortgage Application Activity and Forbearance Levels Go in Decline
The MBA reported the total number of loans now in forbearance decreased to 0.40% as of Jan. 31. Continue Reading Mortgage Application Activity and Forbearance Levels Go in Decline
Thompson Thrift to Develop 255-Unit Multifamily Community in Denver Suburb
tack at Wheat Ridge will be the company’s 20th Colorado location. Continue Reading Thompson Thrift to Develop 255-Unit Multifamily Community in Denver Suburb
‘The Worst Is Over’ for Mortgage Rates Despite Another Looming Fed Hike, Experts Say
Source: Next Advisor --- The Federal Reserve is going to raise interest rates this week, but that doesn’t mean mortgage rates are going up. Mortgage interest rates have been on a wild ride this year, climbing above 7% for several weeks in October and November....
Housing Market Downturn – Is A Recession On The Horizon?
Source: Forbes --- The second half of 2022 has seen declining house prices. However, prices remain up year-on-year based on steady price gains in the first half of the year. The decline in pricing is, in part, driven by higher mortgage rates hitting affordability of...
Despite cooling US housing market, Florida still top spot for Americans looking to move: study
Source: Fox Business --- Nearly 25% of U.S. homebuyers are looking to move out of their current metro areas, with many people turning their attention to cities in Florida as their next place to call home, according to a new study. "The U.S. housing market has cooled...
As U.S. home prices fall, an alarming number of buyers are underwater
Source: CBS News --- Surging mortgage rates aren't just raising the cost of purchasing a new home. An alarming number of recent homebuyers have discovered they already owe more on their property than it's worth, according to a new analysis. Some 250,000 people who...
More Builders are Cutting Prices and Offering Incentives – But Not at 2008 Levels
Source: NAHB --- As the housing market has slowed rapidly over the past several months, builders have increasingly been reducing prices and offering special sales incentives – but nowhere near the same rate as during the 2007-2008 Great Recession when the housing...
‘The coldest winter’; Rising interest rates cool off Bay Area real estate market
Source: CBS News --- SAN MATEO -- The pendulum is shifting in what many have described as a 'roller coaster' real estate market. Sellers are no longer in the driver's seat, and buyers have the edge. But that doesn't mean the market is favorable for buyers right now,...
US home prices will post first year-over-year decline in decade in 2023: experts
Source: New York Post --- The US housing market’s deep freeze is likely to accelerate next year and result in the first year-over-year decrease in home prices in a decade, according to experts at real estate firm Redfin. The median US home sale price is projected to...
What’s happening with the housing market? Mortgage rates, home prices and affordability
Source: USA Today --- Potential buyers remained reluctant to take the plunge on financing a home purchase even as mortgage rates fell for the fourth straight week. Mortgage applications decreased 2% the week ending Dec. 2 compared to the previous week. And the average...
Here’s how many Americans think US housing market is heading for a ‘crash’
Source: New York Post --- A significant portion of Americans fear the once-booming housing market is headed for a significant crash in the months ahead, recent survey results from LendingTree showed. According to the survey, 41% of Americans expect the housing market...
‘We’re Not In A Frenzy Anymore,’ Real Estate Agent Says Amid Home Sellers Pulling Properties Off The Market
Source: Yahoo! --- According to Redfin Corp (NASDAQ: RDFN) data, a record number of houses are being delisted as sellers confront a significant reduction in interest. During the three months ending Nov. 20, 2% of houses for sale were delisted without being sold,...
