U.S. Housing Market
Gov. DeSantis Pledges to Slash or Eliminate Florida’s Property Taxes
“I think that property taxes have pinched a lot of people, and I think we got to do something about it,” DeSantis said. Continue Reading Gov. DeSantis Pledges to Slash or Eliminate Florida’s Property Taxes
Survey: More Than Half of Canadians Who Own US Homes Plan to Sell Within Next Year
Nearly two-thirds (62%) of those potential Canadian sellers blamed Trump administration trade policies with Canada as the reason for their departure. Continue Reading Survey: More Than Half of Canadians Who Own US Homes Plan to Sell Within Next Year
Manufactured Housing Market Forecast to Reach $390 Billion by 2034
The forecast noted that Texas, Florida, and California are among the leading states for manufactured home shipments and community development. Continue Reading Manufactured Housing Market Forecast to Reach $390 Billion by 2034
New Data Reports Find Home Prices Rising at Slower Pace
The S&P CoreLogic Case-Shiller US National Home Price NSA Index reported a 3.9% annual return for February. Continue Reading New Data Reports Find Home Prices Rising at Slower Pace
Houston’s ‘Darth Vader House’ Sells for $3.4 Million
The property has been on and off the market for the last three years. Continue Reading Houston’s ‘Darth Vader House’ Sells for $3.4 Million
Is the Housing Market Making You Moody? Influencing Design Trends in 2023
Source: WRAL News --- With record-high gas prices, a housing market boom and global uncertainty, it hasn’t been an easy transition back to stereotypically normal pre-pandemic living. The Consumer Sentiment Index and Fannie Mae Home Price Sentiment Index (HPSI) bear...
Will US growth have slowed in the fourth quarter of 2022?
Source: Financial Times --- How did the US economy fare in the fourth quarter of 2022? The US economy is expected to have expanded in the fourth quarter, albeit at a slower pace than earlier in the year, as the Federal Reserve’s aggressive interest rate-raising...
U.S. Existing-Home Sales Slid Last Year as Interest Rates Surged
Source: Mansion Global --- U.S. existing-home sales fell last year to their lowest level since 2014, as surging mortgage rates made home purchases too expensive for many buyers. Sales of previously owned homes, which make up most of the housing market, slid 17.8% in...
US home sales slump to record low in 12 years
Source: India Today --- US existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious optimism that the embattled housing market could be close to finding a floor. The report from the National Association of Realtors on...
Home Sale Prices Increase Incrementally with Lower Mortgage Rates, Redfin Reports
Source: Mortgage Orb --- The median U.S. home-sale price increased 0.9% from a year ago to $350,250 during the four weeks ending January 15, the biggest increase in a month, according to a new report from Redfin. Prices remain elevated because buyer activity has...
U.S. home sales drop to 12-year low; price growth cools
Source: Investing.com --- WASHINGTON (Reuters) - U.S. existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious hope that the embattled housing market could be close to finding a floor. The report from the National...
Housing Market Predictions for the Next 5 Years Promise Lots of Surprises
Source: US News --- Over the next five years, look for several important trends accelerated by the COVID-19 pandemic to begin having lasting impacts on real estate and land use, many of which will impact the demand and supply in regional housing markets. Whether due...
2022 Was Slowest Year for US Home Sales in Nearly a Decade
Source: US News --- LOS ANGELES (AP) — U.S. home sales tumbled to the slowest pace in nearly a decade as soaring mortgage rates and sky high prices in 2022 pushed homeownership out of reach for many Americans. The National Association of Realtors said Friday that...
US recession – what impact will it have on the housing market?
Source: MPA Mag --- A potential recession this year will yield challenges for the real estate market, according to researchers at CBRE. Market researchers provided their predictions during the recent CBRE US Real Estate Outlook for 2023, designed to provide...
Rocket Mortgage Introduces Purchase Plus, a Special purpose credit program that offers up to $7,500 in lender credits for first-time buyers in underserved communities
Special purpose credit program offers up to $7,500 in lender credits for first-time buyers in underserved communities to eliminate a significant hurdle to homeownership “Homeownership has a significant impact on strong communities and the creation of generational...
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