U.S. Housing Market
Senate Democrats Urge FHFA’s Pulte to Focus on Lowering Housing Costs
“You could demonstrate an actual commitment to improving the everyday lives of the American people,” the senators said. Continue Reading Senate Democrats Urge FHFA’s Pulte to Focus on Lowering Housing Costs
Mortgage Originations Up 19% During Q2
A total of 689,217 refinance loans were issued in the second quarter, up 16.4% from the prior quarter. Continue Reading Mortgage Originations Up 19% During Q2
Report: Households Need to Earn $114,000 to Afford a Median-Priced Home
Five of the 10 markets with the highest required incomes to afford a home are in California. Continue Reading Report: Households Need to Earn $114,000 to Afford a Median-Priced Home
New Rent Hikes Coming to NYC’s Stabilized Apartments
The rent hikes will take effect on or after Oct. 1. Continue Reading New Rent Hikes Coming to NYC’s Stabilized Apartments
Pending Home Sales Jump by 6.1%
Year-over-year, pending transactions were down by a mild 0.6%. Continue Reading Pending Home Sales Jump by 6.1%
UWM Announces One-Time Close New Construction Loans
February 1, 2023 (Staff Writer) – United Wholesale Mortgage (UWM), the #1 overall lender in America, announced it will be offering One-Time Close New Construction loans, making the new build period as seamless as possible. Available today, this product provides LO’s...
Appraiser Qualifications Board Proposes New Fair Housing Education Requirements
Feb. 1, 2023 (Staff Writer) -- The Appraiser Qualifications Board this week released a First Exposure Draft of proposed changes to the Real Property Appraiser Qualification Criteria. If adopted, these proposed changes would make fair housing education courses a...
Outlook on the Real Estate Appraisal Market in the United States to 2028
Feb. 1, 2023 (Staff Writer) -- The "The US Real Estate Appraisal Market: Analysis and Trends with Impact of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering. The US real estate appraisal market was valued at US$8.89 billion...
Quick Tips On Choosing Your Next New Hometown
If you’re planning to say goodbye to the big city in lieu of small-town life, congratulations. There are plenty of perks to living in an area with less than 50,000 people. Not only are you likely to have a lower cost of living, you might even find that the friends you...
Fannie Mae chief economist sees house prices falling in 2023 and 2024 — here are the warning signs that prices will drop in your city
Source: MorningStar --- Doug Duncan of Fannie Mae predicts how housing market perform in 2023, and reveals why he believes prices will fall this year The real-estate sector is in a quandary. The housing market was a wild rollercoaster ride that ended with a big fat...
2023’s top housing markets for first-time home buyers
Source: The Mortgage Reports --- What are first-time home buyers looking for? The last few years put first-time home buyers on a difficult road to homeownership. Between unprecedented price growth, fervid competition and tight for-sale inventory, it’s been tough...
Investors Are Easing Up on Home Buying in 2023. Here’s Why That’s a Good Thing
Source: The Ascent --- Did you spend 2022 watching the housing market and shaking your head sadly? You've no doubt got company there. But as we head deeper into 2023, there is one tiny bright spot: Redfin recently released some predictions for the 2023 housing market,...
92% of millennial homebuyers say inflation has impacted their purchase plans, but most are plowing ahead anyway, study shows
Source: CNBC --- Millennials — who are roughly ages 27 to 42 — are in their prime homebuying years. While the combination of high home prices and rising interest rates has caused affordability issues for many buyers, the situation is gradually improving. The median...
Can Miami Beach Stay Hot After Covid? The Shore Club Redevelopment Might Hold the Answer.
Source: Mansion Global --- Architect Robert A.M. Stern is best known for designing buildings for the wealthiest New Yorkers. Some of the largest residential deals in the U.S. have been at his towers overlooking Manhattan’s Central Park. Now, Mr. Stern’s eponymous firm...
National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed
Source: Yahoo! Sports --- On Jan. 10, researchers at Goldman Sachs downgraded their outlook for the U.S. housing market in a paper titled "Getting worse before getting better." Instead of U.S. home prices falling 4.1% in 2023, which was their November call,...
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