U.S. Housing Market Updates
View up-to-the-moment updates on the U.S. Housing Market. To receive weekly updates to your email inbox, click the "subscribe" button below. Subscribe to UpdatesCurrent U.S. Housing Market News
Get the top headlines in the current U.S. housing market in the articles below. Do you have news you would like to contribute? Submit a guest post here. To receive weekly updates with the top U.S. housing market updates and more sent to your mailbox, subscribe by clicking the button below.
Office-to-Residential Conversion Approved on 5 Times Square, Former NYC HQ of Ernst & Young
Construction is expected to start in the third quarter of this year, with the first phase anticipated to be completed in 2027. Continue Reading Office-to-Residential Conversion Approved on 5 Times Square, Former NYC HQ of Ernst & Young
Hits and Misses for the Real Estate Week of May 19-23
An unholy misuse of eminent domain, a ritzy Los Angeles mansion with a significant stigma, and a Maine broker running for governor. Continue Reading Hits and Misses for the Real Estate Week of May 19-23
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Mortgage Rates Drop Below 7%
The 30-year fixed-rate mortgage averaged 6.96% as of Jan. 23. Continue Reading Mortgage Rates Drop Below 7%
Home Selling Profits Down in 2024 Despite Price Gains
The median home price increased year-over-year by 4.9% percent in 2024, reaching a new record high of $350,000. Continue Reading Home Selling Profits Down in 2024 Despite Price Gains
Report: Renters Need to Earn $63,680 to Afford a Typical Apartment
Among the nation’s 44 major metros, the Texas capital of Austin was identified by Redfin as the most affordable. Continue Reading Report: Renters Need to Earn $63,680 to Afford a Typical Apartment
Bridge to let: Everything you need to know
Source: Mortgage Introducer --- Bridge to let mortgages work well for homebuyers who would be unable to afford a property using a traditional mortgage. But what is bridge to let finance? Who does bridge to let work best for and what are the main advantages? Here is...
Fixed-rate mortgage bomb set to go off
Source: Elite Agent --- Thousands of borrowers on fixed-interest home loans are facing an interest rate “cliff” and could be plunged into mortgage stress by the end of the year. According to Finder, $29.8 billion worth of fixed-rate mortgages are due to expire by the...
Should I pay off my mortgage or use the money for a deposit on a second property?
Source: The Guardian --- Q I’m a 42-year-old full-time professional and in a rather fortunate but tricky situation, which I would like your help with. My seven-year fixed-rate mortgage is coming to an end on 2 May 2023, after which I am not sure whether I should...
US Inflation Tops Forecasts, Cementing Odds of Big Fed Hike
Source: Bloomberg --- US consumer prices were resurgent last month, dashing hopes of a nascent slowdown and likely assuring another historically large interest-rate hike from the Federal Reserve. The consumer price index increased 0.1% from July, after no change in...
Should I sell my house before prices really crash — or wait for the next big real estate boom?
Source: Yahoo Finance --- Home sellers may face a closing window on today’s still-warm — but cooling — real estate market. While sellers can still take advantage of low inventory, they should also know that inflation, rising interest rates and perceptions about...
Overcoming the housing crisis is going to take all the tools in the toolbox: John Habat
Source: Cleveland.com --- Greater Cleveland Habitat for Humanity is celebrating its 35th anniversary of building homes and empowering families with safe and affordable homeownership. Since 1987, we’ve helped more than 325 families purchase safe and affordable homes --...
Home prices are falling in these 98 major housing markets—only 50 markets remain at the peak
Source: Fortune --- Not long after mortgage rates spiked this spring, the U.S. housing market slipped into what the industry likes to call a housing recession. It means housing activity levels, like home sales, are contracting sharply. That’s hardly surprising:...
What Charles Darwin Is Teaching Real-Estate Investors
Source: Forbes --- Commercial real-estate, long a safe harbor for investors, must evolve or die. Threats to the once irrepressible growth in the value of commercial real estate are crowding in, denying the fainting market the air it needs. Inflation, now galloping at...
Rising seas fueled by climate change to swamp $34B in US real estate in just 30 years, analysis finds
Source: USA Today --- Higher high tides, supercharged by rising sea levels, could flood all or parts of an estimated $34 billion worth of real estate along the nation’s coasts within just 30 years, a new report concludes. Within the span of a 30-year mortgage, as many...
What Is Wholesale Real Estate?
Source: Investopedia --- Investing in real estate is nothing like investing in stocks and bonds. With the latter two, depending on the type of investment, you may be able to dive right in with perhaps as little as $100. You can exit whenever you wish. It's not that...
