U.S. Housing Market Updates
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Pennsylvania Home Sales Up 11%
April’s median sales price of $295,000 was up 3.5% month-over-month and up 7% since the beginning of the year. Continue Reading Pennsylvania Home Sales Up 11%
MBA Chief: Trump Team ‘Understands Housing and Real Estate Finance’
MBA President and CEO Bob Broeksmit praised the administration’s focus on deregulation. Continue Reading MBA Chief: Trump Team ‘Understands Housing and Real Estate Finance’
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Mortgage Application Activity Soars by 33%
The Refinance Index increased 44% from the previous week and was 22% higher than the same week one year ago. Continue Reading Mortgage Application Activity Soars by 33%
D.R. Horton Begins Sales at New South Carolina Community
The new home community will celebrate its Grand Opening on Jan. 18 from 11:00 a.m. to 2:00 p.m. Continue Reading D.R. Horton Begins Sales at New South Carolina Community
Report: FTC to Sue Greystar Over Improper Fee Charges to Rental Housing Tenants
Greystar pushed back on the notion that the company was cheating its tenants. Continue Reading Report: FTC to Sue Greystar Over Improper Fee Charges to Rental Housing Tenants
Renovate, don’t relocate: Priced out of perfect homes, millennials are choosing to create them instead
Source: Money Wise --- The pandemic has made a lot of people reconsider where they live and what they want and need in a home. In fact, nearly 40% of Americans are considering a move this year, and a third say the pandemic completely changed what they want in a...
HOMEOWNER’S GREATEST PROPERTY RIGHT IS SINGLE-FAMILY ZONING
Source: New Geography --- Some Confuse a Homeowner’s Greatest Property Right With How Many Uses the Homeowner can Utilize for Their Home A homeowner’s greatest property right is not how many uses a homeowner can use their home, but neighborhood protection from uses...
How much of your income should you spend on your mortgage?
Source: Money Mag --- Property prices may have started to retreat from their recent highs, but there's no denying that purchasing a home has become a more and more expensive undertaking in recent years. In fact, since June 2020, the average Australian mortgage...
Home Depot’s record sales show that the US housing market remains strong
Source: Healthcare Business --- But don’t tell that to Home Depot. The home improvement retail giant reported record profits and sales in the last quarter. Home Depot (HD) He said Tuesday that total revenue rose 6.5% from a year ago, to $43.8 billion. The company...
Is remote work killing the American Dream?
Source: The Salem News --- A new study reveals that remote work is responsible for a spike in housing costs across the country, accounting for more than half of the total increase in prices after the pandemic. The Great Reshuffling shows no signs of slowing down,...
Industrial real estate market sees another strong quarter
Source: Delaware Business Now --- A second quarter report from the commercial real estate firm Newmark detected no signs of a slowdown in the industrial real estate market. Activity in the Greater Philadelphia industrial market, southeastern Pennsylvania, southern New...
Five Options to Consider When a Real Estate Agent Violates the Rules
Source: Creators Syndicate --- Dear Monty: Can a real estate agent from the brokerage agency of the seller outbid your offer without it being considered a conflict of interest in New Jersey? Monty's Answer: There is limited information in your question, so it is...
Will Climate Change Concerns Impact Real Estate Investment Strategies?
Source: Up Jobs News --- Phoenix’s real estate market has been hot for quite some time, like much of the Sun Belt. According to Colliers, office, retail, and industrial investment sales in Phoenix through June 2022 totaled $4 billion. In 2021, Phoenix experienced...
‘SQUEEZED OUT’: Corporate investors swoop into Bartholomew County’s housing market
Source: The Republic --- Corporate investors have squeezed into Bartholomew County’s tight housing market, buying up dozens of homes and turning them into rentals in what analysts say is a nationwide trend that is making it harder for many first-time buyers to find...
Will Housing Prices Flatten — or Collapse?
Source: The Washington Post --- Home price appreciation is slowing fast across the country under the weight of higher mortgage rates, with typical property values even falling month-over-month in about a fifth of major metro areas in July. Clearly, the slowdown is...
