U.S. Housing Market Updates
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Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain
The property is slated to be auctioned on June 18 by Paramount Realty USA. Continue Reading Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain
Existing Home Sales Down by 0.5% in April
The median existing-home price for all housing types in April was $414,000, up 1.8% from the $406,600 in April 2024. Continue Reading Existing Home Sales Down by 0.5% in April
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
RE/MAX: December Home Sales Up 13.3% Year-Over-Year
New listings were 7.5% higher from the prior year. Continue Reading RE/MAX: December Home Sales Up 13.3% Year-Over-Year
Builder Confidence Inches Up
The latest HMI survey also found 30% of builders cut home prices in January, with an average price reduction of 5%. Continue Reading Builder Confidence Inches Up
FCC Warns Against Fraudulent Mortgage Calling Campaign
Green Mirage has impersonated over 400 mortgage institutions and caused hundreds of thousands of dollars of losses to deceived homeowners. Continue Reading FCC Warns Against Fraudulent Mortgage Calling Campaign
Where To Buy Real Estate Leads In 2022
Source: Forbes Advisor --- Real estate is a competitive field, but if you buy real estate leads, you can quickly grow your business. Real estate lead generation companies curate lists of sellers or buyers who are actively looking for an agent. While this comes at a...
STUDY: MORE U.S. HOUSING MARKETS AT OR NEAR PRICING PEAKS
Source: Florida Atlantic University --- Home prices appear to have peaked in a growing number of U.S. markets, according to a July analysis by researchers at Florida Atlantic University and Florida International University. FAU’s Ken H. Johnson, Ph.D., and FIU’s Eli...
US housing market in ‘much worse shape’ than Fed admits: economist
Source: New York Post --- The Federal Reserve’s policy tightening has nudged the US housing market into a slump — and policymakers have yet to fully acknowledge the extent of the trouble, according to a prominent economist. Ian Shepherdson, a chief economist at...
REAL ESTATE CEO: RECESSION COULD BE “GOOD” IF “UNEMPLOYMENT … PUTS EMPLOYERS BACK IN THE DRIVER SEAT”
Source: The Intercept --- THE CEO AND president of Douglas Emmett Inc., a real estate corporation worth over $3 billion and based in Santa Monica, California, said on an August 2 corporate earnings call that a recession could be “good” for the commercial real estate...
Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011
Source: CNBC --- Home prices declined 0.77% from June to July, the first monthly fall in nearly three years, according to Black Knight, a mortgage software, data and analytics firm. While the drop may seem small, it is the largest single-month decline in prices since...
How to Choose a Mortgage Lender
Source: Total Mortgage --- When you are house hunting, choosing the right mortgage lender can be just as important as finding your dream home. While some aspects of the home buying process are standard, there are nuances surrounding mortgage products and the terms...
5 Things You Should Know Before You Knock Down A Wall
Source: House Digest --- There are many reasons why a homeowner might want to knock a wall down. For some people, this might mean opening up the entire house for more space, or the wall might be standing in the way of beautiful natural light. However, before you even...
9 Top Places for Gen Z To Live and Work Remotely
Source: Go Banking Rates --- Choosing the right place to live is not an easy decision. It can be stressful to weigh the pros and cons of living in different areas and the job and social opportunities different locations feature. You might need to decide if you prefer...
Failing to qualify, or just cold feet? More homebuyers backing out of deals in 2022
Source: First Tuesday Journal --- More buyers backing out Real estate deals are faltering as home sales volume continues its downward path. In June 2022, roughly 60,000 home sales fell through nationwide, translating to 14.9% of homes under contract. This is the...
Interest Rate Increases, Inflation, and the Real Estate Cycle
Source: JD Supra --- In the nineteenth century, a musical genre known as the song cycle developed. Consisting of individually complete vocal songs, collectively, a song cycle Composer Franz Schubert’s cycles of German lieder (musical compositions sung by a soloist...
