U.S. Housing Market
Hits and Misses for the Real Estate Week of Aug. 25-29
A fight over the Fed, an upcoming exodus of Canadians returning going home, and a growing wave of property tax reform efforts. Continue Reading Hits and Misses for the Real Estate Week of Aug. 25-29
Las Vegas Housing Inventory Up 31% from Last Year
The typical Las Vegas home sold for $445,000 last month, down 1% from July 2024. Continue Reading Las Vegas Housing Inventory Up 31% from Last Year
Zillow’s StreetEasy Platform to Enact New Listing Standards for NYC Agents
The company said its policy shift was designed to provide fair access to inventory. Continue Reading Zillow’s StreetEasy Platform to Enact New Listing Standards for NYC Agents
The State with the Greatest Increase in Mortgage Debt Is…
Vermont was the only state with an increase above 2%. Continue Reading The State with the Greatest Increase in Mortgage Debt Is…
Mortgage Rates Continue Their Decline
The 30-year fixed-rate mortgage averaged 6.76% as of May 1, down from last week when it averaged 6.81%. Continue Reading Mortgage Rates Continue Their Decline
US housing market seeing ‘meaningful’ damage that’s ‘not normal,’ CEO of investment firm warns
Source: Fox Business --- The U.S. housing market is in for a rough year, according to the CEO of one private equity investment firm. "In 23' it's going to be slow. I think we're going to have a tough row to hoe. I think that coming in the next year, you're really...
Understanding the Pandemic’s Lasting Impact on Real Estate
Source: Kellogg Insight --- Real estate markets tend to be cyclical, moving through distinct phases. Under ordinary times, this would give economists some sense of where the sector is headed next. But three years into a global pandemic that radically changed how—and...
When Will the Housing Market Crash?
Source: US News --- Any period of economic uncertainty can make a major financial decision, like buying a house, more stressful. Even times of economic confidence can seem like the perfect time for the bottom to fall out, and you don’t want your home to be collateral...
US home prices slide in November for fifth straight month
Source: Fox Business --- Home prices declined again in November as higher mortgage rates continued to weigh on consumer demand for new houses. Prices slid 0.6% nationally in the period from October to November, the fifth consecutive monthly decline, the S&P...
Zillow ranks Cleveland second hottest real estate market in the U.S. for 2023
Source: ABC 5 News Cleveland --- CLEVELAND — It is no secret that Cleveland rocks. Just ask anyone who lives here. But our hometown is in the national spotlight earning top marks when it comes to the real estate market and people looking to buy a home. Real estate...
Mortgage rate forecast for February 2023: Will the groundhog see the shadow of January rates?
Source: Bankrate --- Come February, Americans anticipate the activity of Punxsutawney Phil, the climate-forecasting rodent whose shadow will signal if winter will persist longer or be shorter. But weather isn’t the only thing we’re eager to get an expert forecast on...
Still house hunting? Here’s how to navigate Tampa Bay’s tough real estate market
Source: Tampa Bay Times --- This time last year, it seemed like the entire Tampa Bay area was caught up in a home buying frenzy. But as we enter 2023, the tide has changed considerably. High interest rates, stubborn inflation and the threat of recession have caused...
What is TRID in real estate?
Source: Bankrate --- Buying a home is a lot of things: exciting, daunting, anxiety-inducing. But there’s one thing it’s usually not: easy. That’s particularly true if you need to finance your purchase with a mortgage. Getting a handle on home-loan jargon can feel a...
Feds raises rate a quarter point, inflation still a concern
February 1, 2023 (Staff Writer) The U.S. Federal Reserve (Fed) announced its first decision of 2023 for the Federal Funds rate today. An increase of 0.25 percentage points, taking rates between 4.50% and 4.75% was approved and adopted. This is now the eighth...
Local real estate agent gives outlook for 2023
Source: WBRC --- BIRMINGHAM, Ala. (WBRC) - 2023 is bringing promising news to homebuyers. Experts say home prices are beginning to stabilize after a few rocky years, but this year experts say prices will not be as daunting. “It has been a crazy, incredibly competitive...
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