U.S. Housing Market Updates
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Report: Texans Lead the Nation for Buying Newly Constructed Homes
Texans were also ahead of the nation for buying multi-generational homes. Continue Reading Report: Texans Lead the Nation for Buying Newly Constructed Homes
Schumer Slams Trump’s Plan to Take Fannie Mae and Freddie Mac Public
Schumer declared without statistical evidence that Trump’s initiative would add between $1,800 to $2,800 to annual mortgage costs. Continue Reading Schumer Slams Trump’s Plan to Take Fannie Mae and Freddie Mac Public
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Mortgage Rates Stay Just Under 7%
The 30-year fixed-rate mortgage averaged 6.95% as of Jan. 30. Continue Reading Mortgage Rates Stay Just Under 7%
Pending Home Sales Plummeted in December
This follows four straight months of sales gains. Continue Reading Pending Home Sales Plummeted in December
Offsite Solar Energy Sources Procured for NYC’s First All-Electric Residential Tower
Alloy said it was the first developer to pursue such a program following a Local Law 97 rule issuance by the New York City Department of Buildings. Continue Reading Offsite Solar Energy Sources Procured for NYC’s First All-Electric Residential Tower
Housing bust or first to adjust? What’s actually happening in Boise, Idaho
Source: Deseret News --- At the height of the pandemic housing frenzy, Boise was not just discovered. It was flooded with buyers. That’s when housing market hawks first locked on to the Idaho metro for its eye-popping price increases. Since then, fascination with...
Is the US Housing Market in a “Free Fall?”
Source: OpticFlux --- One of the strongest economic sectors in the United States at the beginning of the pandemic was the housing market but, just like all other sectors, it appears that it’s now slowing down. The signs that this is the case have caused increased...
These regions have the most untapped real estate potential
Source: News Advocate --- Some regions of the U.S. have had hotter housing markets than others, but inflation and higher interest rates have caused a general cooling-off trend in real estate prices. Before the COVID-19 pandemic, homebuilders primarily focused on the...
How to Invest in Real Estate if You’re Not Rich
Source: Yahoo Finance --- Real estate investing can seem daunting. But it doesn’t have to be that way. If you want to invest in real estate with little money, there are four common ways you can start building your portfolio. Here’s a breakdown from the cheapest and...
United States: 10 Commercial Real Estate Market Trends & Predictions To Watch Out For In 2023
Source: Mondaq --- 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 for market...
Opendoor’s iBuyer Model Is a Canary in the Economic Coal Mine
Source: Wired --- OPENDOOR IS TAKING a pounding. Forty-two percent of the homes it sold in August made a loss, according to an analysis by market research firm YipitData. In places like Phoenix, Arizona, where cookie-cutter houses have attracted so-called iBuyers en...
House hunters on the ‘demoralizing’ process of buying a house in a crazy market. One listing had 30 offers — and sold for $85,000 above asking.
Source: Market Watch--- First, they had to battle the pandemic-induced buying frenzy. Now, potential home buyers are struggling with sky-high mortgage rates. Between the start of the summer and into the fall, there’s a “day and night difference,” Riddish Kankariya,...
New Study Finds Majority of U.S. Markets Favor Sellers
Source: DS News --- The housing market continues to change as higher mortgage rates, rising inflation and economic uncertainty have sidelined many buyers. Meanwhile, according to this month's Knock Buyer-Seller Market Index, sellers have the upper hand remaining in...
Surging interest rates sucker punch homebuilders and buyers alike in metro Denver
Source: The Denver Post --- Long lead times to complete new homes have combined with rapidly rising interest rates, now at 15-year highs, to put metro Denver homebuilders and their customers in a predicament unlike any seen since the housing bust.
The major county in America where home prices just dropped the most is …
Source: Market Watch --- Home buyers have watched as home prices marched upwards for the past few years, but now many of you will finally get some relief — at least in some spots. “Home price appreciation has slowed dramatically in most markets, and there are even...
