U.S. Housing Market
Report: Home Sellers Retreating from Market, Creating Wider Imbalance with Buyers
By the end of July, the total number of home sellers was 1.95 million, down from a peak of 1.96 million in May. Continue Reading Report: Home Sellers Retreating from Market, Creating Wider Imbalance with Buyers
Century Communities Begins Home Sales at New Arizona Development
The site is also located near golf courses, Lake Havasu and the Colorado River. Continue Reading Century Communities Begins Home Sales at New Arizona Development
Obama’s Former Martha’s Vineyard Rental Listed at $39 Million
The Obamas rented the property during the summers of 2009, 2010 and 2011 at $50,000 per week. Continue Reading Obama’s Former Martha’s Vineyard Rental Listed at $39 Million
Hits and Misses for the Real Estate Week of April 21-25
This week’s Hits and Misses feature homebuyers who regret their purchase, a new approach to data center development, and another attempt to combat homelessness. Continue Reading Hits and Misses for the Real Estate Week of April 21-25
Report: California’s Housing Affordability Gap Remains Wide for Blacks and Hispanics
During 2024, less than one-fifth (18%) of all Californians earned enough income to afford an $865,440 statewide median-priced detached home. Continue Reading Report: California’s Housing Affordability Gap Remains Wide for Blacks and Hispanics
Builder Confidence Uptick Signals Turning Point for Housing Lies Ahead
Source: NAHB --- A modest drop in interest rates helped to end a string of 12 straight monthly declines in builder confidence levels, although sentiment remains in bearish territory as builders continue to grapple with elevated construction costs, building material...
US Housing Will Be a Bellwether 2023 Market
Source: MacroHive --- Summary The US housing market is poised for a tough couple of years. A mix of challenging supply/demand dynamics, combined with stretched affordability and deteriorating sentiment, will weigh on the market. Introduction US housing is one of the...
Homebuilders may finally be turning a corner as inflation stabilizes and lower mortgage rates bring buyers back into the market
Source: Insider --- The home buying frenzy that took place throughout much of the pandemic drove the nation's home prices to historic highs, further escalating the country's ongoing housing shortage and affordability crisis. But as inflation eases, bolstering...
Why US home prices will fall another 10 percent, according to Harvard economist
Source: New York Post --- Pain across the US housing market that began last year is likely just getting started if interest rates remain high, star economist Ken Rogoff warned on Tuesday. Rogoff, a professor at Harvard University and former top economist at the...
Fed policymakers call for further rate hikes to beat inflation
Source: Reuters --- Jan 18 (Reuters) - Federal Reserve policymakers on Wednesday signaled they will push on with more interest rate hikes, with several supporting a top policy rate of at least 5% even as inflation shows signs of having peaked and economic activity is...
Midwest shines as US housing market remains gloomy
Source: The Salem News --- With mortgage rates spiking above 7% for the first time in 20 years, the pandemic-fueled housing boom came to a screeching halt in 2022. The after-effects of easy monetary policy, skyrocketing energy prices, and supply chain issues converged...
A Final Take on Housing for 2022 and Another Promise of Falling Inflation Top the Week’s Economic Data
Source: US News --- Just how badly did the housing market end 2022? That may be clear this week as a bevy of reports for December are released that will shed some light on the housing market: the number of new permits issued and homes on which construction has begun,...
California voters approve new measures to combat housing shortage locally
Source: firsttuesday Journal --- When it comes to California’s housing crisis, residents are saying enough is enough. Last November, Californians voted on transformative housing measures in their cities amid a long-simmering statewide shortage. The 2022 midterm...
‘Housing will remain weak throughout the winter,’ economist says
Source: The Salem News --- There is one troubling word that Freddie Mac's chief economist Sam Khater uses to describe the winter 2023 housing market: weak. "The housing market remains in the doldrums with declining sales, inventory and prices," Khater said in a...
Up from here? The free fall in housing market activity just concluded, says Capital Economics
Source: Fortune --- Not only did spiking mortgage rates prompt the Pandemic Housing Boom to fizzle out in the summer of 2022, they also pushed housing market transactions into free-fall mode. By December, mortgage purchase applications were down over 40% on a...
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