U.S. Housing Market Updates
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$16.9 Million Allocated for Virginia Workforce Housing Investment Program
The program aims to increase the workforce housing supply in areas that have new or expanding businesses. Continue Reading $16.9 Million Allocated for Virginia Workforce Housing Investment Program
Listings Featuring Swimming Pools at an All-Time High
Realtor.com acknowledged that homes with pools are generally larger than those without. Continue Reading Listings Featuring Swimming Pools at an All-Time High
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
CFPB: Homeowners Near Rivers and Creeks More Likely to be Underinsured Against Flooding
More than 400,000 homes may be underinsured for flooding events in the southeast and central southwestern parts of the country. Continue Reading CFPB: Homeowners Near Rivers and Creeks More Likely to be Underinsured Against Flooding
Mortgage Rates Break Past 7% Level
Mortgage rates ticked up for the fifth consecutive week. Continue Reading Mortgage Rates Break Past 7% Level
Foreclosure Activity Down 10% During 2024
ATTOM also noted there were 28,632 properties with foreclosure filings during December. Continue Reading Foreclosure Activity Down 10% During 2024
Home ownership and the “American Dream” are crushed by Real Estate Investment Trusts
Source: Tennessee Lookout--- A big economic division between renters and homeowners is apparent when looking at net worth: For homeowners, the median net worth of $231,400 is about 44 times the median net worth of renters, which is $5,200. Dr. Ken Chilton of Tennessee...
OPINION: Tiny homes offer one solution to the housing crunch
Source: The Lewiston Tribune --- An old conservative rhetorical device is to claim that whatever problem you are facing could be solved by just “getting government out of the way.” As with most phrases that fit on bumper stickers, “get government out of the way” is...
Why the housing market is in recession in terms of sales — but not prices
Source: Deseret News --- July was an even more sluggish month for the U.S. housing market as sales of previously owned homes slipped by 6% from June and a whopping 20.2% year over year. Home prices are still high, though, with the median existing home sales price up...
Recession Watch: It Doesn’t Seem Imminent—But The Housing Market Collapse Deepens As Fed Officials Warn ‘Economy Will Slow’
Source: Forbes --- Cooling inflation has helped temper concerns of an imminent recession, particularly as the job market continues to show historic strength, but a worsening housing market collapse and vast uncertainty over the course of the Federal Reserve’s interest...
Why the rental housing market is so deeply broken
Source: Axios --- America's housing market is broken, but the deep and structural problems can't be fixed with technology. Why it matters: The U.S. is in desperate need of more high-quality rental housing. Homeownership works for many — and doesn't work at all for...
Just 2 in 10 Americans Think It’s a Good Time to Buy a Home. Here Are 3 Tips Sellers Need to Know
Source: The Motley Fool--- For the past year and change, sellers had it pretty easy given the state of the real estate market. Basically, all they really had to do was list a home, and boom -- they'd commonly be bombarded with eager buyers looking to pay above asking...
How to Recognize a Good Real Estate Agent
Source: Digital Journal --- Are you wondering how to recognize a good real estate agent? Here are some signs to look for. A good real estate agent should be personable, have a positive attitude, and be interested in helping you. The following are some traits to look...
Should You Rent Now or Wait Until the Fall?
Source: New York Times --- In the past, the conventional wisdom for renters this time of year has been to sit tight for a few weeks. But this is not a normal market. Q: Our 25-year-old daughter lives in a rental with roommates in the Fairmount section of Philadelphia....
LACKIE: Sellers in uncharted waters hoping real estate heats up in fall
Source: Toronto Sun --- You can feel it. The air is starting to get crisp in the evenings. The summer fun section at the store has quietly given way to school supplies and fall decor. September is upon us. Once upon a time that meant it was real estate season. With...
A Smaller Home for a Better Life: The Upsides of Downsizing
Life is a balancing act, and more luxuries typically mean more upkeep and obligations. To simplify your life, you might consider downsizing your home. Streamlining your housing situation will help you reduce stress and provide you with more freedom. If you’re not sure...
