U.S. Housing Market
New Ohio Homeowner Initiative Seeks to Aid Lower-Income Seniors and Disabled Residents
The Ohio Senate will consider the bill when it convenes for its next session on Sept. 30. Continue Reading New Ohio Homeowner Initiative Seeks to Aid Lower-Income Seniors and Disabled Residents
Q2 Home Flipping Profit Margins Drop to 17-Year Low
The typical flipped property generated a 25.1% return on investment before expenses. Continue Reading Q2 Home Flipping Profit Margins Drop to 17-Year Low
Alabama Home Sales Dropped in April
The median sales price of $224,967 marked a 2.2% monthly decrease ($5,033) and an annual increase of 13.3% from the $198,486 price recorded one year earlier. Continue Reading Alabama Home Sales Dropped in April
Home Sales and Prices Down in Florida
The statewide median sales price for single-family existing homes last month was $412,734, down 4% from the previous year. Continue Reading Home Sales and Prices Down in Florida
Report: Connecticut’s Severe Housing Shortage Was a Long Time in the Making
The state’s price increases of 63.7% over the past five years outpaced the national average of 55.5%. Continue Reading Report: Connecticut’s Severe Housing Shortage Was a Long Time in the Making
A bifurcated housing market: Average Idaho homeowner sees equity decline by $21K while typical Florida homeowner gained $49K in 2022
Source: Yahoo! Finance --- Just after mortgage rates spiked to 6%, George Reedy put his South Carolina home on the market in July 2022. He needed to sell for personal reasons. He was also worried that by listing after mortgage rates had spiked, he'd miss out on the...
Rental Property Owners Face Increased Pressure to Reduce their Carbon Footprint
JLL's new “Green Leasing 2.0: Bridging the owner-occupier divide to deliver shared ESG value” report outlines the considerations building occupiers and owners should include at all relationship stages to incorporate sustainability and reduce their carbon footprint....
New York Experiences a 4.4% Drop in Median Sales Price in February
OneKey MLS is a real estate marketplace for monthly statistics for residential real estate transactions from Montauk to Manhattan, north through the Hudson Valley and the Catskill Mountains. For February 2023, OneKey MLS reported a regional closed median sale price of...
US home building surged in February
Source: CNN Business --- US home building jumped higher in February, turning around after five consecutive months of falling. Housing starts, a measure of new home construction, rose by 9.8% in February from January. But that’s still down 18.4% from a year ago,...
‘Will live with blue and green tiles’: Home buyers compromising to appease housing market
Source: USA Today --- Multiple bids on Day One might be a thing of the past, but high mortgage rates, limited inventory and eroding affordability are still forcing buyers to make most of the compromises. “They are looking for smaller homes compared to what they were...
US home prices post first annual decline since 2012
Source: Fox Business --- The U.S. housing market posted the first year-over-year decline in home prices since 2012 as a result of higher mortgage rates. That's according to a new report from real estate brokerage firm Redfin, which showed that the median U.S. home...
These are the 10 housing markets across the US where home sellers are sitting pretty
Source: USA Today --- The housing market might be in flux, but there still are pockets in the country where sellers are seeing their homes not just closing fast but also commanding higher prices than they did last year. In fact, while time spent on the market...
U.S. single-family housing starts, building permits rebound in February
Source: Reuters --- WASHINGTON, March 16 (Reuters) - U.S. single-family homebuilding and permits for future construction rebounded in February, offering hope that the housing market was probably stabilizing after being hammered by higher mortgage rates. Single-family...
How US banks turmoil is impacting the already hammered housing market
Source: New York Post --- Turmoil in the US banking sector is already having spillover effects on the nation’s struggling housing market, which has been hammered by surging mortgage rates over the past year, according to industry experts. The US economy was rattled...
Annual Home Prices Have Fallen in U.S. for the First Time in Over a Decade
The median U.S. home price fell 1.2% in February, marking the first year-over-year decline since 2012, according to a new report from Redfin, a technology-based real estate brokerage. Sellers have been forced to lower their expectations because high mortgage rates...
