U.S. Housing Market
Report: Colorado’s Housing Shortfall is Narrowing
To prevent the shortfall from growing, the report recommended the creation of approximately 34,100 new homes per year over the next decade. Continue Reading Report: Colorado’s Housing Shortfall is Narrowing
Survey: Hispanic Homeowners Embracing Short-Term Rentals to Build Income
The survey polled 1,276 responses from Hispanic professionals in the real estate industry in 39 states, including Puerto Rico. Continue Reading Survey: Hispanic Homeowners Embracing Short-Term Rentals to Build Income
New Home Sales Surged in April
The median sales price of new houses sold in April was $407,200. Continue Reading New Home Sales Surged in April
Housing Inventory Up 30.6%, a New Post-Pandemic High
A greater choice of homes for sale did not translate into a surge in homebuying. Continue Reading Housing Inventory Up 30.6%, a New Post-Pandemic High
Illinois Home Sales Decline While Housing Inventory Grows
For the nine-county Chicago metro area, a total of 7,857 homes were sold last month, down 4.2% from April 2024. Continue Reading Illinois Home Sales Decline While Housing Inventory Grows
Bank crisis will tip U.S. into hard landing after all, says Apollo’s chief economist: ‘I changed my view’
Source: Fortune --- If you asked Torsten Slok a week ago how the economy was going to fare this year, he would have told you he was expecting a no-landing scenario, whereby the Federal Reserve would tame inflation without triggering a downturn. But all has changed...
Wild Swings in Interest Rates are Making Sellers Hesitate to List Their Homes
According to Zillow's latest market report, mortgage rates — both their high levels and wild swings are making life difficult for buyers and sellers. Relatively high rates have reduced new listings to record lows, leaving buyers with limited options. Any dips in...
Housing Market in Pennsylvania Remains Flat in February 2023
According to a report prepared for the Pennsylvania Association of Realtors, the February housing market remained steady compared to the prior month. "January and February reflected similar numbers across the board," said PAR President Al Perry. "The number of...
Florida’s Housing Market Showed Signs of Heating Up in February 2023
Florida's housing market in February continued to show increasing inventory and higher median prices compared to a year ago, according to Florida Realtors' latest housing data. The report also shows that economic uncertainty, inflation, and interest rates...
10 Housing Markets Where Demand is Crashing Through the Floor
Source: Yahoo! Finance --- The housing market has been running red hot recently as more Americans buy homes while the supply has decreased. But for those who have been scraping by financially and unable to buy a home at these high prices, you will be happy to know...
Wars in cities: three rules for protecting the built environment during conflict
Source: The Conversation --- During the course of wars, the infrastructure of cities faces destruction. Fighting, regardless of its intentions, destroys roads, bridges, commercial and residential buildings, as well as the architecture they embody. Throughout history...
10 most lucrative places where older Americans can sell their homes, maximize profit and retire elsewhere
Source: Market Watch PICKS --- It certainly pays to own a home before you reach your golden years. About 80% of Americans age 60 and over are homeowners, with housing wealth accounting for approximately 48% of their median net worth, according to a February 2023 paper...
House Prices Declining but Still Up 7.7% Year-to-Year
Source: Florida Realtors --- But U.S. metros aren’t all the same. Of the top 10 states for price declines, 8 of 10 are in the West, as Miami, Tampa and Atlanta show the biggest price jumps. NEW CASTLE, Ind. – Home values in some states began to fall at the end of...
Real estate experts offer possible solutions in tackling housing market obstacles
Source: WPBF News --- PALM BEACH COUNTY, Fla. — With the housing crisis in the Sunshine State, local brokers and buyers are resorting to various ways in tackling the current market. "We have two kids now and two dogs, and it’s just a little too small," Andrew Seifter,...
15 States That Could Be Heading for a Housing Crisis
Source: Go Banking Rates --- The housing crisis of 2008-2009 is forever burned in our memory — a time of irresponsible lending, dramatic financial and housing losses and economic hardship that no one wants to live through again. While regulations and practices that...
