U.S. Housing Market Updates
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Mortgage Rates Inches Up, Homebuyer Affordability Inches Down
The 30-year fixed-rate mortgage averaged 6.89% as of May 29. Continue Reading Mortgage Rates Inches Up, Homebuyer Affordability Inches Down
New Jersey’s Bergen County to Put Property Deeds on Blockchain Network
This endeavor will impact the property record management for 370,000 property deeds representing roughly $240 billion worth of real estate in 70 municipalities. Continue Reading New Jersey’s Bergen County to Put Property Deeds on Blockchain Network
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Study: Homeowners Spend Roughly $24,000 Per Year on Non-Mortgage Housing Expenses
Those in homeowners associations (HOAs) pay an extra $3,077 in annual HOA fees. Continue Reading Study: Homeowners Spend Roughly $24,000 Per Year on Non-Mortgage Housing Expenses
Treasury Secretary Bessent Buys DC Mansion for $12.5 Million
he four-story, 8,000-square-foot residence was built around 1941. Continue Reading Treasury Secretary Bessent Buys DC Mansion for $12.5 Million
Hits and Misses for the Real Estate Week of Jan. 27-31
The unclear future for the CFPB, a Vermont housing shortage and a halt to San Diego housing vouchers. Continue Reading Hits and Misses for the Real Estate Week of Jan. 27-31
Home buyers turn to riskier loans as interest rates soar
Source: Click 2 Houston --- HOUSTON – Home buyers feeling financially squeezed by higher interest rates are increasingly being steered by real estate agents and mortgage brokers to potentially riskier types of mortgages, similar to those seen ahead of the 2008...
New factors are influencing the residential real estate market
Source: The Berkshire Edge --- This month, Berkshire real estate professionals have been discussing home inventory, buyer demand and how an environment with rapidly changing mortgage interest rates may impact sales in the months ahead. At the close of the third...
PropTech Sector Sees Growing M&A Interest as Macro Trends Reshape Real Estate Market
Source: William Blair --- Technological innovation is disrupting the residential real estate sector as investors and innovative companies seek to address all parts of the homebuying value chain and improve the experience of both real estate agents and consumers. Key...
Seven Charts Highlight the Strangeness of the Housing Market
Source: Planetizen --- Reporting for Bloomberg, Tracy Alloway and Joe Weisenthal examine the weirdness in today’s unprecedented housing market. “Yes, mortgage rates have shot up, crimping affordability. But at the same time, unlike in the era prior to 2008 and the...
Wraparound Mortgage: What Is It And How It Works
Source: Forbes --- If you’re having trouble qualifying for a traditional mortgage, there may be another financing option available. A wraparound mortgage is a form of seller financing that’s designed to benefit both parties in the purchase. Buyers may have a better...
Billionaires Have Growing Appetite for Real Estate As Market Slows
Source: Yahoo Finance --- While the world’s wealthiest people earn their money in a variety of ways, many add to their fortunes through investing in real estate, which typically appreciates in value. Tesla Inc. and SpaceX CEO Elon Musk, the world’s richest man, made...
A millionaire landlord has 3 tips for anyone thinking of buying rental real estate right now
Source: Business Insider--- One of my biggest financial goals is to invest in real estate. I've always wanted to own a handful of properties, all around the country, that I rent out to tenants as a way of making passive income. While I'm years away from being in the...
10 Commercial Real Estate Market Trends and Predictions to Watch Out For in 2023
Source: Commercial Observer --- The annual Allen Matkins View From the Top brings together the top real estate economists, owners, investors, developers and brokers in Western Region commercial real estate. Now in its 15th year, View From the Top remains a key source...
New York City’s Housing Shortage Continues
Source: Planetizen --- Writing for New York 1, Emily Ngo highlights the shortage of housing, particularly on the lower end of the market, that is squeezing New York City renters. “In an interconnected New York, market forces and policy, profit and politics all play a...
These 5 charts show the depth and seriousness of the U.S. housing downturn. Expect a ‘further weakening in demand.’
Source: MorningStar --- Goldman Sachs economists say they expect rates will 'remain persistently high' The U.S. housing market has been pushed into a recession, helped by pandemic-era prices and mortgage rates now surpassing 7%. "The headwind from higher mortgage...
