U.S. Housing Market Updates
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Pending Home Sales Down 6.3% in April
All four regions recorded a month-over-month loss in transactions. Continue Reading Pending Home Sales Down 6.3% in April
Data Reports Affirm Housing Supply Outpaces Demands
“The balance of power in the US housing market has shifted toward buyers,” said Redfin Senior Economist Asad Khan. Continue Reading Data Reports Affirm Housing Supply Outpaces Demands
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Utah Governor’s Housing Aide: Illegal Immigrant Crackdown Could Drive Up Home Prices
Roughly 10% of Utah’s construction workers are believed to be illegal immigrants. Continue Reading Utah Governor’s Housing Aide: Illegal Immigrant Crackdown Could Drive Up Home Prices
Level of Newly Listed Homes Up 37.5% Month-Over-Month
The greatest increases in active listings year-over-year were Denver (+54.8%), Las Vegas (+49.4%), and Tucson (+45.0%). Continue Reading Level of Newly Listed Homes Up 37.5% Month-Over-Month
NAR Debuts Fifth Season of ‘First-Time Buyer’ Series
The new season offers unscripted stories following homebuyers in New York and Connecticut. Continue Reading NAR Debuts Fifth Season of ‘First-Time Buyer’ Series
US Housing Market Cooling Off from West to East
Source: Fitch Ratings --- Fitch Ratings-New York-10 October 2022: Fitch Ratings estimates that U.S. home prices were overvalued by 12.2% for 2Q22 on a population-weighted average basis, according to a new Fitch Ratings report. Fitch expects that the overvaluation will...
The housing market is backfiring on home flippers
Source: KSL --- SALT LAKE CITY — The U.S. housing market has turned, and it's starting to backfire on home flippers. Mortgage rates are now hovering around 7%, further straining housing affordability and pricing buyers out of the market. Meanwhile inflation continues...
50 Of The Weirdest Real Estate Listings Shared By “The Best Of Zillow” Twitter Page
Source: Bored Panda --- Real estate listing sites feature plenty of homes for purchase that give us a glimpse into the worlds of architecture and interior design. While most are pretty normal, the Twitter account The Best of Zillow consistently finds some funny,...
Why Ramit Sethi Believes This Piece of Housing Advice Is ‘Financial Propaganda’
Source: Motley Fool --- "House prices always go up. You're throwing money away by renting, and paying your landlord's mortgage while you're at it." Odds are that you've heard this oft-repeated financial advice before. To Ramit Sethi, author of I Will Teach You To Be...
‘Kicking myself I didn’t move faster’: fear and panic grips housing market
Source: The Guardian --- The phone has all but stopped ringing at Mullucks estate agent in Bishop’s Stortford – except for calls from buyers with bad news about collapsing chains. Since the chancellor Kwasi Kwarteng’s mini-budget two weeks ago, a chill has spread...
Zero-Down USDA Mortgages Aren’t Just for Farmers
Source: Yahoo Finance --- If you thought USDA loans were just for rural farmers, you wouldn't be the first person to make that mistake. After all, the program is available through the United States Department of Agriculture, and the Rural Development (RD) office...
Will the U.S. Economy fall into recession in 2023? Only if the Fed intensifies current tightening policies
Source: University of California --- The U.S. economy has little chance of falling into a recession this year or next unless the Federal Reserve raises interest rates more than they are currently projecting, according to a new forecast released yesterday at the 13th...
The most ‘underreported’ factor influencing housing market, according to Calculated Risk
Source: Deseret News --- Bill McBride, author of the economics blog Calculated Risk, said there’s a key reason why both rent and home price growth is slowing amid the U.S. housing correction playing out today. In a live Twitter Space hosted by Fortune Magazine on...
For Florida Real Estate That Survived Hurricane Ian, A Price Bump Awaits
Source: Forbes --- Even as Hurricane Ian's 155-mile-per-hour winds were leveling southwestern Florida, real estate agent Rick Pitts was selling the dream of waterfront living. As Ian made landfall, Pitts, the owner of Sellstate Excelsior Realty in Cape Coral, told his...
Churchill Provides $55 Million Loan on Moreno Valley Multifamily Project
Source: Real Estate Weekly--- Inland Empire based – Fairbrook Communities landed $55 million in construction financing from Churchill Real Estate for the development of Crystal Cove – a 192-unit multifamily project located on the southwest corner of Alessandro Blvd...
