U.S. Housing Market Updates
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Illinois Home Sales Decline While Housing Inventory Grows
For the nine-county Chicago metro area, a total of 7,857 homes were sold last month, down 4.2% from April 2024. Continue Reading Illinois Home Sales Decline While Housing Inventory Grows
Alabama Home Sales Dropped in April
The median sales price of $224,967 marked a 2.2% monthly decrease ($5,033) and an annual increase of 13.3% from the $198,486 price recorded one year earlier. Continue Reading Alabama Home Sales Dropped in April
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
New Data Finds Home Prices Still Rising While Rents Continue to Fall
Realtor.com reported rents declined for the 17th consecutive month during December. Continue Reading New Data Finds Home Prices Still Rising While Rents Continue to Fall
The Casita, Boxabl’s Factory-Built Modular Dwelling, Approved for Sale in Nevada
The Casita is a factory-built dwelling that covers a 361-square-foot layout. Continue Reading The Casita, Boxabl’s Factory-Built Modular Dwelling, Approved for Sale in Nevada
Report: 7% Increase in Down Payment Assistance Programs
Last year concluded with 196 programs offering incentives for specific groups. Continue Reading Report: 7% Increase in Down Payment Assistance Programs
This Is What Gen Z and Millennials Are Looking For in Real Estate
Source: Yahoo Finance --- When it comes to real estate, millennials and Gen Zers share a lot more in common than the two generations may realize. GOBankingRates spoke with several real estate professionals to learn what millennials are seeking in real estate, what Gen...
Oak Street reportedly makes $2 billion bid for Kohl’s real estate
Source: CNBC --- Private equity firm Oak Street Real Estate Capital LLC has made an offer to acquire as much as $2 billion of property from Kohl’s Corp and have the U.S. retailer lease back its stores, according to people familiar with the matter. Oak Street’s...
House Prices Are Falling in These Five Overvalued Cities
Source: Newsweek --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s...
9 Steps to Getting the Perfect Mortgage as Rates Rise
Source: The Motley Fool --- During the heart of the pandemic, qualifying for an affordable loan was pretty easy for most home buyers. Rates repeatedly hit record lows and it was possible to get a 30-year fixed-rate mortgage for under 3.00% if you had reasonable...
Why the Housing Market Crash Could Get Worse in 2023
Source: Investor Place --- As the Federal Reserve continues to engineer the long foretold “soft landing,” housing has come into focus. Notions of a housing market crash continue to circulate the market. Now, Goldman Sachs says the real estate market may well take a...
THE STATE OF HOUSING SUPPLY: ‘NOT ENOUGH HOMES TO GO AROUND’
Source: Builder Online --- Economic uncertainty, inflation, and rising mortgage rates are clouding the picture for the U.S. housing market, which is also facing a structural deficit of both for-sale and rental homes. During the “Getting Serious About Housing Supply:...
What’s the answer to the U.S. housing crisis? Why national experts have eyes on Utah
Source: Deseret News --- It’s time to get serious about the U.S. housing supply crisis — a leading issue at the heart of the nation’s record high home prices, low rental vacancy rates and affordability problems. That was a key takeaway from a webinar hosted Thursday...
US housing markets are slowing. Is Florida the exception?
Source: Tampa Bay Times --- After two years of near-nonstop growth, housing prices may have finally peaked in some U.S. cities, according to data from Florida Atlantic University. Still, experts predict that Florida’s real estate market will remain strong compared to...
Best US real estate markets in 2022, according to new report
Source: Wallet Hub --- Whether you’re joining the real-estate business or just looking for a place to call home, it’s important to get a handle on the housing markets you’re considering before investing in a property. This year, the housing market is skewed much more...
Where the U.S. housing market goes next, as told by two charts
Source: Fortune --- This spring, the Fed dusted off the ole inflation-fighting playbook. It goes like this: The central bank applies upward pressure on long-term interest rates—including mortgage rates—through signaling that short-term rates will soon rise. Those...
