U.S. Housing Market Updates
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Arrive Home Debuts New Iterations of Earned Equity Program
The new EEP Pathway designed for “ITIN and certain Visa statuses individuals who may be solid long-term renters looking to move on to homeownership.” Continue Reading Arrive Home Debuts New Iterations of Earned Equity Program
Investors Say ‘No, Thanks!’ to Buying Condos
While investors are shying away from condos, they are continuing to pursue single-family homes. Continue Reading Investors Say ‘No, Thanks!’ to Buying Condos
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Home Equity Level Held Steady in Q4
Rhode Island recorded the greatest year-over-year increase during the quarter. Continue Reading Home Equity Level Held Steady in Q4
Downtown Seattle Median Rent Up for First Time in 17 Months
Seattle’s median rent seesawed over the past five years, climbing to nearly $2,500 before the 2020 pandemic and falling to $1,399 in February 2021. Continue Reading Downtown Seattle Median Rent Up for First Time in 17 Months
Case-Shiller: Home Price Index Up 3.8%
The FHFA recorded a 0.3% uptick in home prices during November. Continue Reading Case-Shiller: Home Price Index Up 3.8%
Trump properties aren’t the only ones to see wild valuations – putting a price on real estate isn’t straightforward
Source: The Conversation --- On the lower tip of Manhattan there is a prime piece of real estate, the price of which is somewhat up for debate. To the owners, the Trump Organization, 40 Wall Street is worth an eye-watering US$735 million, or at least it was in 2015....
Is October a Good Time to Buy a House?
Source: The Motley Fool --- October is upon us, which means it's time for hayrides, pumpkin spice lattes, and Halloween decorations. But is it a good time to buy a home? It all depends on your priorities and financial situation. Here's what you need to know to help...
Office-to-housing conversions on the rise; Dajia to sell 3 US hotels for $1.3B
Source: SP Global --- Across the U.S., cities and states are planning incentives for converting offices to homes to alleviate a housing shortage and address rising office vacancies, Axios reported. The state of California is allocating $400 million of its 2023 budget...
What The Agency’s Executives Tell Real Estate Agents to Get Through a Tough Housing Market
Source: US News --- The U.S. housing market has seen a quick slowdown in 2022 with high home prices, high inflation and volatile interest rates. Many buyers are opting out of making a purchase with low affordability, and would-be sellers prefer to stay where they are...
Real Estate Debt Becoming An Attractive Investment As Stocks Fall And Mortgage Rates Climb
Source: Yahoo Finance --- The housing market and all of the uncertainty plaguing it is undoubtedly on the minds of prospective buyers, sellers and investors. As the Federal Reserve continues to try to curb inflation through the increase in rates, its been indirectly...
Review of all things Real Estate: 2022 fall housing market predictions
Source: Village News --- After a tumultuous summer for real estate, autumn is here. As of mid-September, the benchmark 30-year fixed-rate mortgage average is hovering a bit above 6% and skyrocketing home prices are finally starting to drop, slowly, (references below)....
The Best Real Estate Returns Come After Recessions
Source: Institutional Investor --- Amid a slow down in the economy, higher financing costs, and mounting fears of a recession, real estate values are fast declining. But the downturn is an opportunity for investors who stick with their real estate holdings — or invest...
Current National Mortgage Rates: September 28, 2022—Rates Are The Highest They’ve Been In A Year
Source: Forbes --- The average rate on a 30-year fixed mortgage is 6.98%, according to Bankrate.com, while the average rate on a 15-year mortgage is 6.09%. On a 30-year jumbo mortgage, the average rate is 7.02%, and the average rate on a 5/1 ARM is 5.11%. Today’s...
The US reckons with a new housing bubble
Source: The Cryptonomist --- The most useful feature of the housing market is that it is an excellent thermometer for the country’s economy. It anticipates what will be, so when the market concerned is the American market, which is 25% of the planet’s economy,...
Ask a Broker: Is the real estate market really slowing down?
Source: Aspen Daily News --- The Roaring Fork Valley seems to always be in demand — and that is still true, even with the uncertainty in today’s market. The roaring ’20s, meaning 2020 and 2021, saw the biggest demand in housing our nation has ever experienced. Our...
