U.S. Housing Market
California Lawmakers Approve Bill for Building High-Density Housing Near Transit Hubs
It was supported by labor unions who were pleased with the bill’s provisions regarding a mandate for union workers on the new construction. Continue Reading California Lawmakers Approve Bill for Building High-Density Housing Near Transit Hubs
Redfin: 19.5% Fewer Canadians Searching for US Properties Since Last Year
Historically, Canadians have made up the largest portion of international homebuyers in the US. Continue Reading Redfin: 19.5% Fewer Canadians Searching for US Properties Since Last Year
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
California’s Median Home Price Hits New High
April marked the 15th consecutive month of annual gain in the state’s housing supply. Continue Reading California’s Median Home Price Hits New High
April’s Top 10 Expensive Home Sales Centered in Florida, Beverly Hills and NYC
2200 Gordon Dr. in Naples, Florida, sold for $133.2 million. Continue Reading April’s Top 10 Expensive Home Sales Centered in Florida, Beverly Hills and NYC
Millionaires row no more: Number of houses that cost seven figures nationwide is dropping
Source: USA Today --- As mortgage rates continue their upward march, the share of U.S. homes worth seven figures is dropping. In another indication of the cooling housing market, homes that would have been worth $1 million or more at the peak of the pandemic...
What salary is needed to buy a home in these popular U.S. cities?
Source: Bankrate --- The real estate market has been volatile over the past few years. We’ve experienced high buyer demand, persistently low inventory and mortgage rates rising steeply after a period of record lows. In many cases, elevated home prices mean housing is...
5 Cheap Real Estate Stocks to Buy
Source: Morning Star --- Susan Dziubinski: I am Susan Dziubinski with Morningstar. Every Monday morning I sit down with Morningstar chief U.S. market strategist Dave Sekera to discuss one thing that’s on his radar this week, one new piece of Morningstar research, and...
Foreclosure Activity Down in February, but Up Annually
There were a total of 30,528 U.S. properties with foreclosure filings in February, that’s down 3% from a month ago and up 18% from a year ago, according to the February 2023 U.S. Foreclosure Market Report from ATTOM. Filings included default notices, scheduled...
Zillow: Zoning is the Housing Affordability Problem to Solve
An independent panel of 117 economists and housing experts polled in Zillow's Home Price Expectations (ZHPE) Survey have suggested that relaxing zoning rules is one of the best ways to address the nation's ongoing housing affordability crisis as it would allow more...
Renter Survey Points to Desire for Lower Density Housing
A new report focused on the more than 34% of the population that rents their homes shows that more than half would prefer to live in a detached, single-family home rather than an apartment building. The information, provided by RCLCO Real Estate Consulting, shows that...
BMO Expands its Down Payment Program
BMO says it will commit $1 million to expand its Welcome Home Grant down payment program to five new markets including Minneapolis, Milwaukee, St. Louis, Indianapolis, and Lake County, IL – Kenosha County, WI. The bank said its efforts would help underserved...
Metro Atlanta housing market remains elevated, despite tighter inventory
Source: WSB-TV --- ATLANTA — New numbers show January got an unexpected 8% increase in homes going under contract. Buyers were jumping on mortgage rates that dropped. But, Channel 2′s Justin Farmer learned in the metro Atlanta area, home prices remain elevated...
Guest Essay: Sally Mabadi on real estate, property values and the new Ryan Field
Source: Evanston Round Table --- Author’s note: This article addresses one topic that has been raised about the new Ryan Field; it is not designed to address all of the open issues that need to be resolved between the city and Northwestern University. The author...
7 economists and real estate pros on what to expect in the housing market this spring
Source: Market Watch --- 2022 saw higher home prices and higher mortgage rates that sidelined many buyers. So what’s in store for spring 2023? Here are more predictions from pros. Prediction 1: Mortgage rates are a wildcard “Buyers who had been sitting on the...
