U.S. Housing Market
Connecticut Estate Once Owned by Mike Tyson and 50 Cent Listed for $9.9 Million
The 17.6-acre property features a 51,000-square-foot home with 19 bedrooms. Continue Reading Connecticut Estate Once Owned by Mike Tyson and 50 Cent Listed for $9.9 Million
30-Year Fixed-Rate Mortgage Downticks to 10-Month Low
The 15-year fixed-rate mortgage averaged 5.69%, unchanged from last week. Continue Reading 30-Year Fixed-Rate Mortgage Downticks to 10-Month Low
The Best Months for Selling a Home Are…
As for the best days of the year to sell a home, ATTOM concluded May 27 was the top choice on the calendar. Continue Reading The Best Months for Selling a Home Are…
Mortgage Application Activity Remains Weak
The seasonally adjusted Purchase Index was down by 4% from one week earlier while the unadjusted index fell 3%. Continue Reading Mortgage Application Activity Remains Weak
Bubble, Bubble, Toilet Trouble? 76% of Homeowners Underestimate Major Plumbing Repair Costs
One in six homeowners are currently delaying a plumbing repair due to cost. Continue Reading Bubble, Bubble, Toilet Trouble? 76% of Homeowners Underestimate Major Plumbing Repair Costs
Inflation and housing market: Decoding latest number
Source: Longview News Journal --- There’s good news on the inflation front: December marked the sixth straight month that the U.S. rate of inflation has decreased. According to the latest figures from the U.S. Bureau of Labor Statistics, released Jan. 12, the Consumer...
Experts bash Goldman Sachs prediction of a 2008-level housing crash
Source: Axios --- A New York Post article reporting that Goldman Sachs has forecast a 2008-level housing crash in Phoenix sent ripples through the Valley's real estate industry last week. Yes, but: Local experts called the report "hyperbolic," "misleading" and "a...
Want to Buy a Home In 2023? 10 Cities to Consider
Source: The Ascent --- I'm sure a lot of people would love to forget about the state of the housing market in 2022, but unfortunately, we've probably still got a ways to go before things significantly improve from high prices and high mortgage rates. And since...
Top Overvalued U.S. Housing Markets
Source: US News --- In January 2020, when there was news of a novel coronavirus starting to circulate around the globe but no talk of disruptions to daily life in the U.S., the housing market was continuing to strengthen slowly. The median-price home was more...
National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed
Source: Fortune --- 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, researchers at...
Redfin CEO Glenn Kelman calls housing market ‘stronger than anyone could’ve hoped’
Source: Yahoo! News --- The housing market is coming off one of its most challenging years since the financial crisis, but signs of a turnaround are emerging early in 2023, according to Redfin (RDFN) CEO Glenn Kelman. "The market could still easily falter,"...
US Housing Market Full-Year 2022 & Softwood Lumber Prices January 2023
Source: Yahoo! Finance --- VANCOUVER, BC, Jan. 27, 2023 /CNW/ - Full-year 2022 US housing starts and new home sales data has been released and while the dampening effects of rising mortgage rates remain, the numbers for December show a slight uptick. In 2022 the US...
Housing Market Update: Pending Home Sales Improve In January As More Buyers Return
Source: Redfin --- Pending sales posted their smallest year-over-year decline in three months as mortgage rates ticked down. Early indicators of homebuyer demand, including tour requests and mortgage applications, are increasing from their low point. Pending home...
US housing market shows early signs of recovery as demand rises
Source: Fox Business --- The housing market is showing early signs of recovery with pending sales of U.S. homes climbing for the first time in a year, according to new data from Redfin. Pending home sales rose 3% in December, the first month-over-month increase since...
The Housing Market Has Started To Recover
Source: Redfin --- The housing market has begun to recover after hitting a low point in the second week of November. We’re not out of the woods yet, but homebuyers are coming off the sidelines: The number of Redfin customers requesting first tours has improved 17...
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