U.S. Housing Market
Builder Confidence Holds Steady
“NAHB expects the Fed to cut the federal funds rate at their meeting this week, which will help lower interest rates for builder and developer loans,” said Chief Economist Robert Dietz. Continue Reading Builder Confidence Holds Steady
FHLBank Atlanta Announces $11.7 Million in Grants for Affordable Multifamily Rental Housing Development
Grant applications are now being accepted through Oct. 3. Continue Reading FHLBank Atlanta Announces $11.7 Million in Grants for Affordable Multifamily Rental Housing Development
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
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%
Homebuyers’ Monthly Payments Hit All-Time High as Mortgage Rates Rise, according to Redfin Report
The typical homebuyer’s monthly payment hit a new all-time high of $2,563 this week, up 29% from $1,988 a year ago, according to a new report from Redfin, the technology-based real estate brokerage. That’s dampening demand and preventing many would-be sellers from...
Texas Housing Market Recovering from Pandemic and Moving to Stabilization
Following two years of pandemic-related volatility, the Texas real estate market showed signs of stabilization in 2022, according to the 2022 Texas Real Estate Year in Review report released today by Texas Realtors. Consistent growth in sales prices throughout all...
The US housing market is in recession – and the pandemic has created a unique economic headache, elite strategist Liz Ann Sonders says
Source: Insider --- Experts are struggling to explain the US economy's stubbornly high inflation and resilient job gains during a period of surging interest rates. Liz Ann Sonders may have the answer. Charles Schwab's chief investment strategist has suggested the...
The US housing market is short 6.5 million homes
Source: CNN Business --- Washington, DCCNN — The United States is not building enough homes to account for the number of people setting up their own households. As a result, there is a sizable shortage of new homes after more than a decade of under-building relative...
Is This Spring the Make-or-Break Moment for 2023’s Housing Market? A Brutally Honest Look Ahead for Buyers and Sellers
Source: Realtor.com --- It’s that time of year again. Homebuyers begin poring over listings with Instagrammable kitchens and shoring up their finances. Sellers slap on fresh coats of paint and make all of the repairs they had been meaning to do since they moved into...
Housing Risk Report Highlights Areas Most Vulnerable to Declines in the United States
ATTOM, a curator of land, property, and real estate data, released a Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines based on home affordability, foreclosures, and other...
Landmark Properties to Develop Residential Community to Serve University of Southern California Students
Landmark Properties, a real estate firm specializing in the development, construction, investment management, and operation of residential communities, announced plans to develop a second student apartment community in the Los Angeles market. Construction is scheduled...
Survey Indicates Women Investors Prefer Real Estate More Than Men
On International Women’s Day, UBS global wealth management’s chief investment office published a thematic report on women and legacy, focusing on how women investors define legacy, their concerns, how they can best allocate their resources, and how important it is to...
Annual Home Price Growth Continues to Slow Nationwide
CoreLogic, a global property information, analytics, and data-enabled solutions provider, released the CoreLogic Home Price Index (HPI) and HPI Forecast for January 2023. U.S. home prices continued their gradual free fall in January, with the 5.5% annual gain down for...
Housing Market Momentum Stalls as Critical Spring Season Approaches
Source: Mansion Global --- Rising mortgage rates are cooling the U.S. housing market, sapping recent buyer interest heading into the crucial spring selling season. Economists, home builders and real-estate agents saw evidence of a thaw in early 2023, when rates...
