U.S. Housing Market
Knock Closes on $100 Million Securitization
The buy-before-you-sell real estate fintech Knock announced the successful close of its inaugural $100 million securitization. According to the Atlanta-based company, the $100 million bond issuance will be used exclusively to fund Knock’s Bridge Loan products. Cantor...
Acres.com Debuts Tool to Track Residential Market Growth
The tool can identify the people behind holding companies and shell entities involved in land deals. Continue Reading Acres.com Debuts Tool to Track Residential Market Growth
New York State’s Housing Inventory Inches Up, But Sales Remain Static
March marked the 20th consecutive month of year-over-year median home price increases. Continue Reading New York State’s Housing Inventory Inches Up, But Sales Remain Static
Florida Home Sales Down Despite Wider Listings and Inventory
The statewide median price for single-family homes was $414,555 in the first quarter, a scant 0.1% dip from one year before. Continue Reading Florida Home Sales Down Despite Wider Listings and Inventory
Existing Home Sales Down by Nearly 6%
The median existing-home price for all housing types in March was $403,700, up 2.7% from the $392,900 price set one year ago. Continue Reading Existing Home Sales Down by Nearly 6%
What Past Recessions Tell Us About the Housing Market
Source: Keeping Current Matters --- It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them...
These are the Most Vulnerable Housing Markets in America Right Now
Source: Yahoo! Finance --- There are some savvy money moves to make if you earn $5,000 a month, including saving up to buy a home. However, the real estate market has been volatile in recent years, meaning there are a lot of unpredictable factors folks have to...
Is it good to buy when the housing market crashes?
Source: AS --- Potential homebuyers—and most people—shudder at the phrase “recession.” The 2008 recession devastated the real estate business. Sales fell, houses were foreclosed, and the market collapsed. If you’re smart, purchasing a property during a recession may...
The US housing market, Part 1: A look back at 2022 | Cumberland Comment
Source: Herald-Tribune --- Whether viewed by home sales (demand) or housing starts (supply), the U.S. housing market downshifted significantly during 2022. Housing demand is driven by a number of factors, but perhaps chief among them is mortgage rates, as the key...
Investors are ‘desperate’ for a recession that forces the Fed to cut interest rates but what happens to markets if the economy remains healthy?
Source: MarketWatch --- As 2023 gets underway markets are clinging to expectations that the U.S. economy will slide into a recession that effectively forces the Federal Reserve to start cutting interest rates, lower bond yields and borrowing costs, and perhaps help...
Current State of the Housing Market; Overview for mid-January
Source: CalculatedRisk Newsletter --- New Listings Have Declined Significantly Here is a graph of new listing from Realtor.com’s December Housing Trends Report showing new listings were down about 21% year-over-year in December. And the local markets I track that have...
Colorado’s shifting housing market and what it means for 2023
Source: Denver 7 ABC News --- DENVER — With the new year, many Coloradans are looking at the next 12 months trying to make sense of the ever-changing real estate market in the midst of an uncertain financial picture. This comes as things really slowed down in...
The percentage of homes with price cuts jumped from 7.1% in December to 13.6% this year. So we asked 7 economists and real estate pros: Is now the time to buy before the spring rush hits?
Source: MarketWatch --- When the weather cools for winter, the housing market often does too. But is that true of the market right now — and what should we expect for the rest of the season and the year? We asked real estate experts and economists to share their...
‘Hang in there,’ Utah real estate agents told. What does that mean for buyers and sellers?
Source: The Salt Lake Tribune --- It’s just two weeks into 2023, and Utah real estate agents are already being told to look to 2024 for things to improve. Hundreds of them broke into a slow nervous laugh Friday when one of the state’s top housing economists offered...
Mortgage repayments for new buyers now ‘close to pre-2008 levels’
Source: FT Adviser --- Mortgage repayments now make up nearly 40 per cent of a first-time buyer’s net take-home pay, which high street bank Nationwide has said is “close to the levels seen in the run up to the financial crisis”. Senior economist at the bank, Andrew...
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