U.S. Housing Market
Bright MLS: Mid-Atlantic Home Sales Down in August
There were 6,000 sales in August across the Philadelphia metro area, a 1.7% drop from last August. Continue Reading Bright MLS: Mid-Atlantic Home Sales Down in August
TransUnion: More People Sharing Rent Payment Data with Credit Reporting Agencies
The report found more than half of renters (57%) are more likely to rent from a property manager who reports payments. Continue Reading TransUnion: More People Sharing Rent Payment Data with Credit Reporting Agencies
Modular Housing Provider Boxabl Expands Into Colorado
The Las Vegas-headquartered Boxabl will begin the process to obtain modular certification in Colorado. Continue Reading Modular Housing Provider Boxabl Expands Into Colorado
Indiana Home Sales Up 12%
Homes sold for a statewide median price of $263,000 in April, up 5% year-over-year. Continue Reading Indiana Home Sales Up 12%
The Cheapest Metro Area for Buying a Home Is…
The Rust Belt and the South dominate the top 10 list. Continue Reading The Cheapest Metro Area for Buying a Home Is…
FHA Cuts Mortgage Insurance Rates, Providing More Opportunity for First-Time and Low-Income Buyers
Source: Howard Hanna --- Howard Hanna Mortgage Services is pleased to share the news about an exciting decrease in mortgage insurance premiums. Starting on March 20, 2023 the Federal Housing Authority (FHA) will reduce annual mortgage insurance premiums by 0.3...
Pending Home Sales Improved for Second Consecutive Month, Up 8.1% from December 2022
Pending home sales improved in January for the second consecutive month, according to the National Association of Realtors. All four U.S. regions posted monthly gains but saw year-over-year drops in transactions. The Pending Home Sales Index (PHSI) — a...
Vive Funds Identifies Top Trends in Multifamily Housing for 2023
Multifamily real estate investment firm Vive Funds says technology integration, sustainability and flexible leasing options are among the trends its experts are following in 2023. Data from Flex shows that 38% of U.S. renters - almost 40 million people - live...
Homes owned by Black households appreciated the fastest during the pandemic
Homes owned by Black families appreciated more than any others since the start of the pandemic, with the typical Black homeowner gaining nearly $84,000 in equity. Black Americans also made slight gains in homeownership rates, despite disproportionate job and income...
Are iBuyers good or bad for the real estate ecosystem
iBuyers, short for "instant buyers," are companies that use technology and data analysis to make fast cash offers on homes, usually at a discount. The concept of iBuyers first emerged in the early 2010s as a response to the traditional home selling process, which can...
Homes purchased by all-cash buyers: How is this trend unfolding in the U.S. real estate market?
Source: SiLive.com --- STATEN ISLAND, N.Y. -- At the height of the coronavirus (COVID-19) pandemic, hordes of frenzied home buyers snapped up real estate at an alarming rate, swooping in with astounding all-cash offers to secure property in a rather unconventional...
Most North Bay residential real estate markets off in January from a year ago
Source: North Bay Business Journal --- Inventory of homes for sale in the North Bay was lower in January 2023 compared to last year and is still declining, but real estate industry optimism is growing in expectation of new listings and higher sales volumes leading up...
The value of US homes recorded its biggest six-month drop since 2008
Source: Quartz --- US homes have recorded the largest fall in value since the global financial crisis. In June 2022, US homes were worth a record $47.7 trillion. By the end of the year, they fell by almost 5% to $45.3 trillion. That’s the largest June-to-December...
THE BENEFITS OF A VIRTUAL ASSISTANT FOR YOUR REAL ESTATE OR BROKERAGE AGENCY
Source: Realty Biz News --- As a real estate agent or broker, you know what it’s like on the backend of things. It’s not all glitz and glamour and while you and your team are out showing potential buyers houses on your books, there’s a pile of admin work not being...
Three New England Markets Experience Sharp Increase in Rents
Three housing markets in the U.S. Northeast are dealing with rent spikes even as the nation’s rental crisis showed signs of moderation in January. Renters in Springfield, Massachusetts paid an average of about $1,615, a year-over-year increase of 14.73 percent...
