U.S. Housing Market
Hits and Misses for the Real Estate Week of Nov. 24-28
Thought leaders saying the right thing, revenge seekers doing the wrong thing, and a new movie and book worth pursuing. Continue Reading Hits and Misses for the Real Estate Week of Nov. 24-28
Santa Fe to Link Minimum Wage Increases to Housing Affordability
Santa Fe’s minimum wage will rise to $17.50 in 2027. Continue Reading Santa Fe to Link Minimum Wage Increases to Housing Affordability
Existing Home Sales Down, Median Home Price at New High
This marked the 24th consecutive month of year-over-year price increases. Continue Reading Existing Home Sales Down, Median Home Price at New High
Mortgage Application Activity Inches Up Again
The FHA share of total applications decreased to 18.7% from 19% the week prior. Continue Reading Mortgage Application Activity Inches Up Again
Virginia Home Sales Surge Amid Wider Inventory
The median sales price in Virginia was $446,144 in June, up by almost $15,000 for a 3.4% year-over-year uptick. Continue Reading Virginia Home Sales Surge Amid Wider Inventory
Hispanic Homeownership Growth Continues Eight-Year Trajectory
The National Association of Hispanic Real Estate Professionals released the 2022 State of Hispanic Homeownership Report recently, which examines the progress made in the last year toward the organization’s mission of increasing sustainable Hispanic homeownership. ...
Housing Market in ‘Tug of War’ as Prices Continue to Drop Across U.S.
Source: Newsweek --- By mid-2022, as mortgage rates suddenly more than doubled, most housing experts predicted that the booming market would finally cool down, after two years of high demand, skyrocketing home prices, and low inventory heated up the market so much...
Homeowners Look to Alternative Loans to Combat Rising Interest Rates
Mortgage rates ticked up again in February after a brief respite, showing once again just how rate-sensitive the market continues to be, according to the latest Originations Market Monitor report from Black Knight. "Conforming rates dipped below 6% early in...
CoreLogic and KPMG make bold housing market calls: One says U.S. home prices are bottoming while the other foresees a sharper correction
Source: Yahoo! Life --- For 124 consecutive months, spanning from the bottom of the housing crash in February 2012 through the top of the Pandemic Housing Boom in June 2022, national home prices as measured by the seasonally adjusted Case-Shiller National Home Price...
The Number of ‘Million-Dollar’ Cities in the U.S has Dropped by Nearly 10% in the Last Six Months
The U.S. has lost 58 "million-dollar" cities — cities where the typical home is worth $1 million or more — since the housing market peaked last July, a new Zillow analysis shows. In the six months after the peak, the typical home in million-dollar cities lost an...
Top 10 U.S. Housing Markets Most At-Risk of Downturns in Q4 2022
Source: ATTOM --- According to ATTOM’s newly released Q4 2022 Special Housing Risk Report, inland California, Illinois, New Jersey, and Delaware continued to have some of the highest concentrations of the most-at-risk markets in the country. The report shows the...
Most Popular Second Home Markets Across The U.S.
Source: Forbes --- While the real estate boom of 2021 and 2022 may be calming down, the effects of the pandemic-fueled buying frenzy have proven long-lasting in many parts of the country—in particular for second home and vacation markets that emerged as buyers sought...
US housing market on a downward slop as buyers and sellers contend with a fresh spike in mortgage rates
Source: TDPel Media --- Consumer confidence in the US housing market reached a near all-time low in February due to a new surge in mortgage rates and growing anxiety about job security. Fannie Mae’s monthly Home Purchase Sentiment Index fell by 3.6 points to 58.0 in...
More Declines Ahead for U.S. Housing Market After Dead Cat Bounce?
Source: Investing.com --- The U.S. housing market is currently the least affordable in at least 25 years. Affordability is, generically, the ratio of monthly income vs. the median price of a home. Essentially the degree to which a potential home buyer can afford the...
Housing Rents Drop to Lowest Level in Over a Year
The median U.S. asking rent rose 1.7% year over year to $1,937 in February—the smallest increase in nearly two years and the lowest level in a year, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Rents were up nearly...
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