U.S. Housing Market Updates
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Kentucky Home Sales Up 12.5%
According to data from Kentucky Realtors, the state had 6,188 new listings last month, Continue Reading Kentucky Home Sales Up 12.5%
NYC’s ‘Breakfast at Tiffany’s’ Townhouse Listed for $15 Million
The home’s owner, retired beverage industry executive Joseph Harkins, purchased the property 2015 for $7.4 million. Continue Reading NYC’s ‘Breakfast at Tiffany’s’ Townhouse Listed for $15 Million
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Report: The Top Market for First-Time Homebuyers Is…
Realtor.com noted all 10 of the top markets have a median listing price well below the national median of $416,880. Continue Reading Report: The Top Market for First-Time Homebuyers Is…
Number of Homes Actively for Sale in December Up 22% Year-Over-Year
December marked the 14th straight month for a growth in the number of homes actively for sale. Continue Reading Number of Homes Actively for Sale in December Up 22% Year-Over-Year
Two Dubai Real Estate Developers Announce Plans Enter US Market
Dar Global and EDGNEX Data Centers by DAMAC have made their plans public. Continue Reading Two Dubai Real Estate Developers Announce Plans Enter US Market
Mortgage applications inch up for the first time in five weeks
Source: CNBC --- Mortgage applications inched up last week for the first time since June 24. Total mortgage demand increased 1.2% as the average 30-year fixed mortgage rate made the largest weekly drop since 2020. Applications to refinance a home rose 2%, according to...
Mapped: The Salary You Need to Buy a Home in 50 U.S. Cities
Source: Visual Capitalist --- This is the Salary You Need to Buy a Home in 50 U.S. Cities Depending on where you live, owning a home may seem like a far off dream or it could be fairly realistic. In New York City, for example, a person needs to be making at least six...
Las Vegas’ housing market cooling faster than others
Source: Review Journal --- In more ways than one, Las Vegas’ housing market is getting doused with cold water. People are buying fewer homes, sellers are slashing their prices, and availability is soaring. Southern Nevada is far from alone in seeing its once-sizzling...
Redfin: These housing markets are the most at risk of falling home prices
Source: Fortune --- Homebuyers had enough. Spiked mortgage rates on top of record home price appreciation—up 42% since the onset of the pandemic—pushed monthly mortgage payments to a level that is simply unattainable for tens of millions of would-be buyers. As more...
Putting the real estate market into perspective
Source: Toronto Sun --- In so many ways, we rely on the media to provide us with information about housing markets in this hectic world. Readers and viewers, however, should look at the big picture and put news in perspective. We hear a lot about rising interest rates...
Housing Market Update: Uptick in Searches and Tours Highlight Buyers’ Mortgage-Rate Sensitivity
Source: Redfin --- Since mortgage rates came down from their June high, measures of early demand like online real estate searches and home tours have ticked up and/or stabilized. A half-point drop in mortgage rates from their June high is drawing some homebuyers back...
California Home Sales Slide 20 Percent Annually in June
Source: World Property Journal --- According to the California Association of Realtors, sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 344,970 in June 2022. California's June home sales pace was down 8.4...
Latest mortgage news: Rates retreat, might have already hit ‘cyclical high’
Source: Bankrate --- The Federal Reserve on Wednesday moved aggressively to rein in inflation, announcing its second consecutive rate hike of three-quarters of a percentage point. Counterintuitively, the average rate on 30-year mortgages fell to 5.59 percent this week...
The nation’s housing market is on a correction course
Source: Housing Wire --- Rising interest rates and a slowing economy overall are already taking some of the air out of the rapid home-price appreciation the housing market has experienced over the past year, according to the recently released Federal Reserve Beige...
Buyers and sellers are feeling a shift in the housing market
Source: Marketplace --- In June, pending home sales fell 8.6% from the previous month, according to the National Association of Realtors. That’s the latest sign that the frenzied housing market we’ve come to know during the pandemic is finally cooling off. So what’s...
