U.S. Housing Market Updates
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Texas Legislature Passes Property Tax Relief Bills
The property tax relief bills are part of a 1,056-page, $338 billion two-year budget. Continue Reading Texas Legislature Passes Property Tax Relief Bills
Report: $17.6 Trillion in Q1 Home Equity
The new data report also found the average introductory rate on second lien HELOCs dropped below 7.5% in March. Continue Reading Report: $17.6 Trillion in Q1 Home Equity
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Nearly 90% of Metro Areas Recorded Q4 Home Price Gains
The South registered the largest share of single-family existing-home sales (45.1%) in the fourth quarter. Continue Reading Nearly 90% of Metro Areas Recorded Q4 Home Price Gains
Thompson Thrift to Develop New 312-Unit Multifamily Community in Florida
Construction will begin mid-February, with the first residents expected to move in during summer 2026. Continue Reading Thompson Thrift to Develop New 312-Unit Multifamily Community in Florida
Rhode Island Town Uses Eminent Domain to Seize Property Planned for Affordable Housing
The property’s owner was unaware of the town’s action until it was announced online. Continue Reading Rhode Island Town Uses Eminent Domain to Seize Property Planned for Affordable Housing
Can Utah plan its way out of its housing crisis? Here’s how it’s trying
Source: KSL News --- SALT LAKE CITY — Along with hundreds of city leaders across Utah and its Wasatch Front, Farmington Mayor Brett Anderson knows as well as anyone what haunts the debate over how in the world the rapidly growing state will confront its housing...
What’s Happening in the Affordable Housing Market
Source: Commercial Observer --- Commercial Observer recently spoke with Alvin Yeung, CPA, a managing director of tax services for CBIZ Marks Paneth, who has extensive experience in the affordable housing development market, and Gina Citrola, CPA, a CBIZ Marks Paneth...
U.S. Housing Inventory Hits a Two-Year High as Demand Cools
Source: Mansion Global --- The number of homes for sale in the U.S. hit a two-year high in October, according to a report from Realtor.com Thursday. Active listings increased 33.5% since October 2021 to the highest level since 2020, with a 2.8% increase over October...
Housing market predictions: the forecast for the next 5 years
Source: Bankrate --- It’s been a wild real estate ride over the last few years. After a red-hot market characterized by bidding wars, low interest rates and elevated prices, mortgage rates increased to the highest level in 20 years, leading to a slowdown of both...
Housing Market Could See Further Fallout From Fed’s Inflation Fight
Source: Forbes --- Federal Reserve Chair Jerome Powell views the U.S. housing market as “very overheated” after the pandemic, and he believes supply and demand need to get back into balance. Powell spoke at a November 2 press conference as the U.S. Federal Reserve...
10 Reasons Why Austin, Texas Is The Hottest Real Estate Market In The United States Right Now
Source: Times Square Chronicles --- Austin, Texas is one of the fastest growing cities in the United States. With more people flocking to Texas from many parts of the country, the city’s real estate market is amongst the hottest in the country right now. We’ll take a...
As mortgage rates hit 20 year high, Tampa Bay housing market braces for a cool down
Source: Tampa Bay Times --- A home-buying frenzy triggered by historically low mortgage rates helped elevate Tampa Bay from a hidden gem to a real estate hot spot over the past two years. But now that rates have shot back up, experts say buyers are finally hitting the...
Opinion: Solving the housing affordability issue
Source: Real Trends --- In a recent chat with two PropTech executives concerned about rising house prices, an interesting linguistic distinction was the focus of our discussion. The two words were affordable and affordability. In the housing market, the first has a...
U.S. Home Price Insights – November 2022
Source: CoreLogic --- Through September 2022 with Forecasts through September 2023 Introduction The CoreLogic Home Price Insights report features an interactive view of our Home Price Index product with analysis through September 2022 with forecasts through September...
Why it may be time to buy into the slumping real estate market
Source: Yahoo! News --- As the U.S. housing market says goodbye to low mortgage rates—and home sales slump as a result— here's the big question: Is it now time to invest in residential real estate? “For investors like us (it) is an opportunity, actually, to scoop up...
