U.S. Housing Market Updates
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New Reports Highlight Michigan’s Affordable Homeownership and Power Outages
Michigan recorded over 12,000 major power outage events and more than 34,000 hours per year without electricity between 2019 and 2023. Continue Reading New Reports Highlight Michigan’s Affordable Homeownership and Power Outages
RE/MAX: April Home Sales Up 11.3%
April’s median sales price of $440,000 was $5,000 (1.2%) higher than March and $10,000 (2.3%) more than one year ago. Continue Reading RE/MAX: April Home Sales Up 11.3%
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Mortgage Credit Availability Inched Up in December
The MBA’s Mortgage Credit Availability Index (MCAI) was up by 0.7% to 96.6. Continue Reading Mortgage Credit Availability Inched Up in December
Hits and Misses for the Real Estate Week of Jan. 6-10
A last-minute slew of Biden administration lawsuits, a special advisor for the NAR chief and Justin Trudeau opens the Exit door. Continue Reading Hits and Misses for the Real Estate Week of Jan. 6-10
Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes
“Shadowy private equity giants are buying up the housing supply in communities across New York, leaving everyday homeowners with nowhere to turn,” said Hochul. Continue Reading Report: NY Governor to Propose Limiting Hedge Fund Purchasing of Single-Family Homes
‘Housing Market Crash’ Interest Soars as Americans Worry About Economy
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...
A ‘soft landing’ in the U.S. housing market is possible, says real-time data expert Altos Research
Source: Fortune--- High housing prices have been seen as a key inflationary driver over the past few months, and the direction that market takes now could be yet another indicator of where the economy is heading. The U.S. housing market is in a clear cooling-off...
3 misconceptions about the residential real estate market
Source: AZ Big Media --- Much like we experienced at the onset of the pandemic, the residential real estate market is having a moment where many are unsure of what to expect. Unfortunately, that has led to some misconceptions. We wanted to set the record straight....
The Best Tips for Finding the Perfect Real Estate Agent in This Wild Market
Source: Kitchn --- Have you considered buying a house lately? If you have, then you’re probably intimately aware of how wild the housing market is right now. Mortgage rates are rising, home inventory is low, competition is cutthroat and intense, and prices are all...
Developments in Employee Screening for Real Estate Industry
Source: National Law Review --- The real estate industry, and the people employed in it, build and maintain communities driving domestic growth. Naturally, employers in the real estate world want to know their employees are reliable and trustworthy. Therefore,...
Should You Get An MBA In Real Estate? Here’s What To Know Before You Enroll
Source: Forbes --- Earning a master of business administration (MBA) in real estate prepares you for career opportunities in the real estate industry. This degree equips learners with foundational knowledge and fundamental leadership, which are necessary business...
Today’s Mortgage Rates & Trends – August 8, 2022: Rates seesaw
Source: Investopedia --- Rates on 30-year mortgages rose by almost four-tenths of a point Friday, extending a three-day pattern of dramatic up and down swings ranging from a third to a half a percentage point each day. National Averages of Lenders' Best Rates Loan...
As Mortgage Rates Stay Up, Lenders and Brokers Need to Get ‘Creative’
Source: Market Scale --- Freddie Mac’s weekly averages since July 14 have been volatile, with spikes and dips in 30-year fixed, 15-year fixed and 15-year adjustable mortgage rates. But even with some short term relief after August 4’s numbers brought rates below 5%...
Here are the 5 most ‘overvalued’ housing markets in the US — they could even see prices plunge 15% to 20% if a bad recession hits
Source: Yahoo Finance --- Years of soaring home prices have led to 96% of the largest markets in United States having overvalued real estate, according to a new analysis by Moody’s Analytics. Most of the market now remains overpriced by about 25%. That could lead to...
Renting isn’t always the wrong choice: Here are 4 reasons it could save you money
Source: USA Today --- Put aside the idea that you must own a home. I'm convinced that a group of real estate agents or builders' organizations played a role in planting the idea that homeownership is a key ingredient in achieving the American Dream. Last month, my...
