U.S. Housing Market Updates
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New Home Sales Surged in April
The median sales price of new houses sold in April was $407,200. Continue Reading New Home Sales Surged in April
Housing Inventory Up 30.6%, a New Post-Pandemic High
A greater choice of homes for sale did not translate into a surge in homebuying. Continue Reading Housing Inventory Up 30.6%, a New Post-Pandemic High
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Forecast: Utah’s Population to Grow by Half-Million Over Next 9 Years
A major downside of the new arrivals is the absence of housing to accommodate an expanded population. Continue Reading Forecast: Utah’s Population to Grow by Half-Million Over Next 9 Years
Nashville Man Sentenced to 4 Years for Covid-Era Rental Assistance Fraud
Joe Law Jefferson pled guilty to one count of conspiracy to commit mail fraud and one count of failure to file a tax return last August. Continue Reading Nashville Man Sentenced to 4 Years for Covid-Era Rental Assistance Fraud
NAR Voices Support of Trump’s Executive Order on Housing Affordability and Supply
“The President’s Executive Order underscores the critical need for bold, coordinated action,” said NAR. Continue Reading NAR Voices Support of Trump’s Executive Order on Housing Affordability and Supply
Adjustable rate mortgages are back
Source: Maine Public --- ARI SHAPIRO, HOST: With mortgage rates up sharply, a lot more homebuyers are turning to adjustable-rate loans. These can be more affordable - at least at first - but they come with a big risk - that your mortgage payment might go up a lot in...
Mortgage Rates in September: A Smooth Ride, Then Turbulence
Source: Nerd Wallet --- September mortgage rates forecast Interest rates on fixed-rate mortgages are likely to remain fairly stable in the first three weeks of September. The forecast gets murkier at the end of the month. That's because the Federal Reserve will...
US mortgage lenders are starting to go bankrupt — how this one factor could be triggering the worst surge of failures since 2008
Source: Yahoo --- The real estate market just can’t catch a break, with inventory of resale homes remaining low and rising interest rates making it harder for buyers to justify making the leap. And now we can add mortgage lender bankruptcies — and the rise (and fall)...
The US housing market is still in the red
Source: The Cryptonomist --- US: housing market shows no signs of recovering The recession is ascertained, but one fact that certifies the severity of the event and worries markets is that highlighted by Goldman Sachs researchers who published “The Housing Downturn:...
Navigating new-home construction sales
Source: Chicago Agent Magazine --- The relationship between homebuilders and real estate brokers is constantly changing and getting cozier in today’s market. Brokers in the business of representing those buying and selling residential real estate will often tell you...
Homeowners lose wealth as rising interest rates weigh on home values
Source: CNBC --- Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly. Sales have been slowing down for several months, with mortgage rates now double what they were at the...
Here are 5 signs that the right real estate agent is selling your home
Source: Oregon Live --- Selling a home can feel like taking one of your most personal possessions and largest assets, and tossing it into the air, hoping the right buyer catches it. Nothing, it seems, is as emotional, financially important and puzzling as putting a...
Map: How fast sellers are slashing home prices in America’s 97 biggest housing markets
Source: Fortune --- The Pandemic Housing Boom saw U.S. home prices spike an unprecedented 43% in just over two years. But that’s over now: Spiked mortgage rates have pushed the U.S. housing market into a sharp slowdown that could threaten some of those gains. Some...
As the US housing market returns to sanity, researchers say these 5 cities are primed for deep price cuts
Source: Yahoo --- If you’ve been squeezed out of the tight housing market over the past couple of years waiting for the opportunity to buy, you might finally get your chance – and some places are already looking more attractive for buyers. The housing market is...
San Francisco Braces for Epic Commercial Real Estate Crash
Source: The San Francisco Standard --- Imagine a slow-moving train coming towards you. The lights are shining, the horn is blaring, but it’s just far enough in the distance that the risk doesn’t seem real just yet. That’s a fitting-enough analogy for the state of San...
