U.S. Housing Market
Year-Over-Year Foreclosure Activity Up for Sixth Straight Month
One in every 3,987 housing units had a foreclosure filing last month. Continue Reading Year-Over-Year Foreclosure Activity Up for Sixth Straight Month
Survey Finds Most Homeowners Fear Insurance Will Become Unaffordable
Insurance challenges have forced one-third (33.7%) of home searchers to change the geographic area where they are looking for a home Continue Reading Survey Finds Most Homeowners Fear Insurance Will Become Unaffordable
Foreclosure Activity Continues to Rise
According to data from ATTOM, one in every 3,950 housing units had a foreclosure filing in April. Continue Reading Foreclosure Activity Continues to Rise
Yearlong Listing for Frank Lloyd Wright House in Michigan Finally Sells After $1 Million Price Cut
The sellers acquired the property in 2012 for $200,000 and spent $800,000 in renovations and updates to the residence, which was built in 1950. Continue Reading Yearlong Listing for Frank Lloyd Wright House in Michigan Finally Sells After $1 Million Price Cut
Study: Abandoned Residential Properties Could be Worth Over $150 Billion
The so-called “zombie foreclosures” numbered over 7,000 as of the end of the fourth quarter of 2024. Continue Reading Study: Abandoned Residential Properties Could be Worth Over $150 Billion
Housing market on the rise? Why pending contracts for home sales have industry buzzing.
Source: USA Today --- A slight decline in mortgage rates in December and January contributed to an improvement in pending home sales for a second consecutive month, according to data released Monday by the National Association of Realtors. The Pending Home Sales Index...
Pending home sales jump by most since June 2020 as housing market looks to rebound
Source: Yahoo! News --- Signed contracts to buy existing homes in the U.S. rose in January in the largest monthly increase since June 2020, as the housing market sets course for rebound mode. The National Association of Realtors’ index of pending home sales climbed...
Better Mortgage Launches Mortgage Product, called ‘Equity Unlocker’
Better Mortgage announced the launch of the Equity Unlocker program, a new financial product designed for those with vested equity in their employer, like many employees in the tech space. Amazon employees will be the first to have access to the Equity Unlocker, which...
Economist and Housing panel expects home prices will grow at a steady pace starting in 2024
Economists and housing experts polled in the latest Zillow Home Price Expectation (ZHPE) survey expect home prices to fall 1.6% through Dec. 2023. Affordability challenges are still dragging down demand for homes – lower mortgage costs in January translated into sales...
Home prices set for double-digit plunge in major Western US cities: Goldman Sachs
Source: New York Post --- Four US cities that experienced housing booms during the COVID-19 pandemic are set for major declines in home prices by the end of next year, according to Goldman Sachs analysts. The pandemic boomtowns of Austin, Seattle, Phoenix and San...
Realtor.com February Housing Report: Housing Inventory Recovery Continues, Giving Buyers More Options
The U.S. supply of homes for sale rose at a record annual pace for the sixth month in a row, up 67.8% year over year in February, signaling the housing market's continued rebalancing, according to the Realtor.co Monthly Housing Trends Report. Despite the significant...
In March, Mortgage Rates Will Have Little Reason to Fall
Source: Nerd Wallet --- March mortgage rates forecast The economic calendar in March is not friendly to mortgage rates. There's not much on it to motivate rates to fall. After rising sharply in February, mortgage rates are more likely to level off or go up a little...
Multifamily Real Estate Predictions For 2023
Source: Forbes --- The multifamily space has been performing incredibly well for the past two-plus years with record demands for rentals, surging rental rates and accelerated demographic changes that have had people flocking to new markets in droves. In aggregate,...
Home sales plummet in South Florida. Why do prices keep rising as housing market deflates?
Source: Florida Trend --- Home sales plummet in South Florida. Why do prices keep rising as housing market deflates? Many prospective homebuyers sent a strong message at the start of 2023: they are done trying to buy homes in South Florida, as annual sales nosedived...
What to expect as Spring Real Estate Market is about to kick into high gear
Source: Boston 25 News --- Mass — This is the time when home buyers and sellers come out of hibernation. The spring real estate market is the busiest time of year. Melissa Philley and her husband just hit the jackpot: they had an offer accepted on a single-family home...
