U.S. Housing Market
Trump Considering a Housing Emergency Declaration
Treasury Secretary Bessent stated the declaration could occur as early as this fall. Continue Reading Trump Considering a Housing Emergency Declaration
HUD Cracks Down on Illegal Immigrants in Public Housing
“HUD will leverage all available enforcement actions against entities who do not comply with the request for citizenship information,” said Secretary Scott Turner. Continue Reading HUD Cracks Down on Illegal Immigrants in Public Housing
Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels
Redfin blamed the slowing of multifamily construction on a combination of flattening rents and higher borrowing costs. Continue Reading Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels
Century Communities Unveils New Atlanta-Area Community
The new community will feature nearly 100 single-family homes priced from the low $300,000s. Continue Reading Century Communities Unveils New Atlanta-Area Community
Luxury Estate and Winery Owned by ‘American Idol’ Producers Listed at $14.75 Million
The auction will take place on-site at San Juliette on May 17 at 11:00 a.m. PDT. Continue Reading Luxury Estate and Winery Owned by ‘American Idol’ Producers Listed at $14.75 Million
Eco-Friendly Companies Partner to Develop Zero-Energy Real Estate Communities Across Boston Metro
EcoSmart Solution, a green energy service provider (Green ESP) designing and delivering innovative geothermal infrastructure for zero energy capable communities, announced a long term partnership with RISE, a minority-owned development and construction management firm...
‘We saved probably close to $100K’: Affluent Americans are snatching up prime real estate in other parts of the world — as the US housing market slumps. Here’s how to do it too
Source: Yahoo! Life --- Laetitia Laurent knows the value of looking far and wide for a good deal. The Florida-based business owner and her husband had been hunting for a second home for five years before snagging an incredible bargain — in Paris. She made an offer in...
Falling Mortgage Rates Bring Some Home Buyers Back to Market
Source: The New York Times --- Earlier in the pandemic, when many urbanites were leaving New York to work remotely in far-flung locations, Molly Parker Wade instead moved from the West Coast to Brooklyn to be closer to her family. After a year of renting, Ms. Wade, a...
Will the Tech Downturn Be the Death of SF Real Estate?
Source: The San Francisco Standard --- With mounting layoffs, sky-high interest rates and empty office buildings, the woes of San Francisco’s struggling tech-driven economy make headlines every day. Yet, as the city’s population shows signs of a comeback, what is the...
CFPB Loses Key IMB Redlining Case
Feb. 3, 2023 (Staff Writer) — Earlier today, a District Court in Chicago ruled in CFPB v. Townstone Financial Inc. and Barry Sturner that the Equal Credit Opportunity Act (ECOA) does not extend to prospective applicants under a plain language reading of the...
Think the housing market is bad? It’s even worse for affordable housing builders
Source: Deseret News --- The U.S. housing market is in the midst of a painful contraction after 2022 brought a volatile end to about two boiling hot years. It’s tough news — especially for homebuilders — as demand dries up and prices flatline or even begin to drop....
New $45 Million Affordable Housing Development Breaks Ground in Midtown Houston
Feb. 3, 2023 (Staff Writer) -- The NHP Foundation (NHPF), a national not-for-profit provider of affordable housing, announced today that it has begun construction of a new $45 million affordable housing development that will create 149 affordable rental apartments for...
New Home Lot Inventory Jumps In 4Q22, Zonda Reports in Lot Supply Index
Feb. 3, 2023 (Staff Writer) -- Zonda, the housing industry’s foremost advisors, released the New Home Lot Supply Index (LSI) for 4Q22. The New Home LSI, backed by data from Zonda, shows lot supply loosened year-over-year across the United States. The index is a...
Home Rents on the Rise: Double-Digit Increases in 52% of U.S. Cities
Feb. 3, 2023 (Staff Writer) -- Rentometer has released their Q4 2022 rent statistics for three-bedroom (3-BR) houses that are single-family rentals (SFRs). Rentometer collects data for all residential asset classes, but this report is focused on SFR because they are...
419 MoneyWise ‘We saved probably close to $100K’: Affluent Americans are snatching up prime real estate in other parts of the world — as the US housing market slumps. Here’s how to do it too
Source: Yahoo! Life --- Laetitia Laurent knows the value of looking far and wide for a good deal. The Florida-based business owner and her husband had been hunting for a second home for five years before snagging an incredible bargain — in Paris. She made an offer in...
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