U.S. Housing Market
Michigan Credit Union Offers Mortgages at 4.99% Rate
Michigan Legacy has more than $218 million in assets and is designated as a “low-income credit union.” Continue Reading Michigan Credit Union Offers Mortgages at 4.99% Rate
A Phil Hall Op-Ed: Charlie Kirk and the Housing Market
The slain conservative activist expressed repeated concerns on the evaporation of affordable homeownership opportunities. Continue Reading A Phil Hall Op-Ed: Charlie Kirk and the Housing Market
Mortgage Rates Inch Up
The 30-year fixed-rate mortgage averaged 6.81% as of May 15. Continue Reading Mortgage Rates Inch Up
Builder Confidence Drops, Albeit with a Significant Asterisk Attached
Builder confidence took a sizable stumble this month amid concerns of tariffs, interest rates and an uncertain economic outlook. However, the National Association of Home Builders (NAHB) stressed that its Housing Market Index (HMI) data was culled prior to the May 12...
Zillow: New Listings Are Outpacing Home Sales
New listings were up year-over-year in 44 of the 50 largest metros. Continue Reading Zillow: New Listings Are Outpacing Home Sales
US home prices could plunge 20% amid risk of ‘deep’ housing slide, Fed economist warns
Source: Fox Business --- U.S. home prices could tumble as much as 20% as the highest mortgage rates in two decades threaten to trigger a "deep global housing slide," according to research from the Federal Reserve Bank of Dallas. The global housing market has become...
NYC remains the most expensive real estate market in world: Report
Source: New York Post --- The Big Apple has retained its crown as the world’s priciest housing market. New data has determined that, in 2022, more ultra-prime property transactions were conducted in New York City than anywhere else on Earth. On Wednesday, real estate...
This State Has the Highest Real Estate Taxes (and It’s Not Even Close)
Source: The Motley Fool --- Residents in this state pay about three times the national median. The median U.S. homeowner pays 1.11% of their home's value in property taxes each year. And based on 2021 home-price data, this translates to a median tax bill of $2,971....
Boon for Buyers: The 10 U.S. Cities With the Biggest Increases in Homes for Sale
Source: Realtor.com --- Where are all the homes, anyway? Ever since the COVID-19 pandemic ignited a nationwide housing boom, wannabe buyers have been plagued by bone-dry home inventory levels in many markets—causing them to either wait on the sidelines for more...
JLL CEO Urges Patience for ‘Relatively Short’ Real Estate Industry Downturn
Source: CoStar --- JLL, the world's second-largest real estate brokerage by revenue, reported declines in leasing and capital markets in its latest earnings report as the industry prepares for what executives hope will be a rebound in deal activity later this year....
Real estate market hit by low inventory
Source: Antelope Valley Press --- LANCASTER — Limited inventory is hitting the residential and commercial real estate markets, while the changing economic landscape is having a greater impact on the residential market, forecasters said during Friday’s Antelope Valley...
Are All-Cash Buyers Dominating NYC Real Estate Market?
New real estate data and reporting recently revealed that nearly a third of U.S. homebuyers are sidestepping a mortgage and purchasing property via cash-only transactions, according to Redfin. This is a trend that is suddenly dominating big cities like Atlanta, Ga.,...
37,000 Acre Texas Ranch, owned by Oil Tycoon, Has Sold
Located in the northeast corner of the Texas Panhandle, Mesa Vista stretches for over 100 square miles and almost 37,000 acres along 25 miles of the Canadian River. The compound includes a five-bedroom family house, an 11,500-square-foot lake house with three...
INSIGHT: US housing market to hit demographic wall by 2030s
Source: ICIS --- CHARLOTTE, North Carolina (ICIS)–Demographics will weigh heavily on the long-term outlook for the US housing sector as a much smaller Gen Z population reaches prime home-buying age in the first half of the 2030s, according to an ICIS analysis. Housing...
REITS to Consider as U.S. Housing Market Tumbles
Source: Nasdaq --- As the dust settles and markets digest a dire realization, housing markets - which seemed to be the focus for investors and home buyers alike during the 2020-2022 period - are becoming an area of peril for some residents following the largest...
