U.S. Housing Market
Oh No, Boomer! Survey Finds 61% of Boomers Say They’ll Never Sell Their Homes
The overwhelming majority (89%) of boomers believe buying a home is almost always a good decision. Continue Reading Oh No, Boomer! Survey Finds 61% of Boomers Say They’ll Never Sell Their Homes
Fairway Home Mortgage in New Partnership with OpenAI
To oversee the partnership, Fairway will promote Caleb Ondrusek to executive vice president of technology and innovation. Continue Reading Fairway Home Mortgage in New Partnership with OpenAI
Is Renting Less or More Expensive? It Depends Which Data Report You Cite
Redfin and Zillow published rental housing data reports with little common ground. Continue Reading Is Renting Less or More Expensive? It Depends Which Data Report You Cite
Report: Typical Home Sold in 2024 Was 36 Years Old
Only 9% of US homes were built in the 2010s. Continue Reading Report: Typical Home Sold in 2024 Was 36 Years Old
California Housing Affordability Level Improves Slightly
Compared with California, more than one-third (37%) of the nation’s households could afford to purchase a $402,300 median-priced home. Continue Reading California Housing Affordability Level Improves Slightly
Realogics Sotheby’s International Realty Releases 2023 Forecast Report
Realogics Sotheby’s International Realty (RSIR) released its 2023 Forecast Report, a macroeconomic housing report authored by Pacific Northwest brokerages who have analyzed the trends in 2022, evaluated what's occurred so far in Q1 for 2023 and are focused on where...
Will US Housing Crash The Economy?
Source: Bloomberg --- Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. Could US Housing Crash The Economy? I’ve realised that one of the phrases I use most...
US housing market sees $2.3T drop in value, biggest since 2008
Source: Fox Business --- The U.S. housing market suffered the biggest drop in value since 2008 as home prices came crashing down. That's according to a new report from real estate brokerage firm Redfin, which showed that the total value of U.S. homes tumbled from a...
Home Prices Just Hit the Skids: ‘The Balance Is Shifting’
Source: Realtor.com --- The housing market today remains in a hazy no man’s land, with neither buyer nor seller willing to surrender what little control they have. Buyers face the dual enemies of high home prices and mortgage rates, which have been bouncing between 6%...
Housing Market Recovery Held Back by Costs, Low Supply
According to a new report from RedFin, an online real estate brokerage, home-purchase applications dropped to the lowest level since 1995 last week as mortgage rates jumped on expectations that the Federal Reserve will need to raise interest rates again to combat...
Coast Energy Developing Solar Projects in New York
Coast Energy, an independent power producer that develops, owns and operates renewable distributed generation and storage projects for commercial and industrial (C&I) real estate, announced that it has acquired an 8.6 megawatt project in the Town of Brookhaven on...
Housing Market Update: Sale Prices Flatten, Demand For Mortgages Falls As Rates Climb
Source: Redfin --- As mortgage rates rise, serious homebuyers are scarce. But plenty of people are searching for homes online and touring them, waiting until rates decline to buy. The median U.S. home-sale price was $348,000 during the four weeks ending February 19,...
That 3% Mortgage Just Keeps Getting Better
Source: The Washington Post --- The economy has been stronger and inflation stickier than markets and forecasters expected at the start of 2023, prompting traders to place bets that the Federal Reserve could ultimately raise rates as high as 6% — a level not seen...
Mortgage Rates Surge as Inflation Lingers
Source: US News --- Mortgage rates jumped higher for the second week in a row as investors worry sticky inflation will cause more hawkish policy decisions from the Federal Reserve. The average 30-year fixed mortgage rate rose to 6.73%, from 6.55% the previous week....
U.S. Homebuyers Start To Regain Upper Hand in 2023
Source: Investopedia --- Chris Donoso and Yefry Rodriguez's year-long search for their home, a two-family property in Jersey City, N.J., took more than a little patience—and a motivated seller who cut the price by $10,000. "We got very lucky,'' said Donoso, a speech...
