U.S. Housing Market Updates
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Diddy’s $61.5 Million LA Mansion Fails to Attract Buyer Interest
Last November, real estate investor Bo Belmont publicized his offer of $30 million for the property. Continue Reading Diddy’s $61.5 Million LA Mansion Fails to Attract Buyer Interest
Colorado Cities Sue State Over Housing Policies
The cities of Arvada, Aurora, Glendale, Greenwood Village, Lafayette and Westminster are in the lawsuit. Continue Reading Colorado Cities Sue State Over Housing Policies
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
SBA Makes Disaster Loans Available to Los Angeles County Homeowners and Businesses
Disaster loans of up to $500,000 are available to homeowners to repair or replace damaged or destroyed real estate. Continue Reading SBA Makes Disaster Loans Available to Los Angeles County Homeowners and Businesses
Morgan Properties Acquires First Community in Kentucky
Built in 2005-2006, the property maintains a 96% occupancy rate. Continue Reading Morgan Properties Acquires First Community in Kentucky
Housing Crisis 2025: John G. Stevens’ Perspective
“As we move further into 2025, the stakes have never been higher,” says publisher John G. Stevens. Continue Reading Housing Crisis 2025: John G. Stevens’ Perspective
Lumber prices are plummeting again after hitting news lows for the year as US housing market continues to cool off
Source: Markets Insider --- Lumber plummeted Friday, extending losses that marked a new 2022 low just two days ago.
5 tips for novice house flippers
Source: Washington Blade --- If you still use Facebook, you know that there is a group for everything, from different breeds of dogs and cats to silly games that lead to data mining of your information for business or nefarious purposes, to groups that offer advice on...
5 Strategies To Win a Bidding War That Have Nothing To Do With Offering More Money
Source: Realtor.com --- Today’s homebuyers are all too familiar with bidding wars. The low inventory and high demand we’ve seen over the past couple of years have forced many multiple-offer situations with buyers doing anything they can to stand out from the pack....
Buying a home is scary, and we bet these are your biggest fears
Source: IOL --- Starting the hunt for that first property is a thrilling journey that leads to so many benefits for owners, but there are also many worries and possible hurdles. From knowing which properties to view and what to offer, to navigating the process and...
Should you stay or should you go?
Source: Daily Mail --- The US housing market appears to be finally cooling off after seeing its least affordable days since the '80s. The number of homes being built and sold is declining, more and more buyers are backing out of deals, and some parts of the country...
Higher housing costs force more pet owners to surrender their dogs
Source: CNBC --- Lisa Spillman can’t imagine life without her dog, an 8-year-old chihuahua mix named Rosebud. But she says her household expenses were getting tough to handle. “Everything – rent, groceries, dog food… it’s all going really high,” Spillman, 52, told...
Housing Market: Should You Buy a Fixer-Upper or a Turnkey Home?
Source: Yahoo Finance --- The current housing market means you’ll likely pay top dollar for a home that’s considered turnkey — immediately ready for you to move in. Plus, the competition is steep. Perhaps those two reasons are why 52% of American homebuyers are...
Current Mortgage Interest Rates: August 4, 2022—Mortgage Rates Trend Higher
Source: Forbes --- Today, the average rate on a 30-year fixed mortgage is 5.54%, according to Bankrate.com, while the average rate on a 15-year mortgage is 4.80%. On a 30-year jumbo mortgage, the average rate is 5.54%, and the average rate on a 5/1 ARM is 4.16%.
Seller beware: US homebuyers are backing out of deals at the highest rate since the start of the pandemic — here’s what that means for real estate
Source: Yahoo Finance --- As a well-known inflation-proof asset, real estate has been highly sought-after for most of the last two years. But things seem to be shifting. According to a new report from real estate brokerage Redfin, around 60,000 home-purchase...
Mortgage Rates Drop Below Five Percent
MCLEAN, Va., Aug. 04, 2022 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 4.99 percent. “Mortgage rates remained volatile due to the...
