U.S. Housing Market
ECI Group Breaks Ground on Savannah-Area Mixed-Use Development
The development will feature more than 3.5 acres of retail pad sites, which are available for ground lease. Continue Reading ECI Group Breaks Ground on Savannah-Area Mixed-Use Development
New Initiative Seeks to Add Property Tax Reform Measures to Nebraska Ballot
This is the second ongoing effort to put property tax reform on the Nebraska ballot. Continue Reading New Initiative Seeks to Add Property Tax Reform Measures to Nebraska Ballot
Luxury Residential Resort Community to be Built at Lake Travis, Texas
The Canyon Club is a project by Prasso Ventures, a private equity investment group. Continue Reading Luxury Residential Resort Community to be Built at Lake Travis, Texas
Capital Square Opens Luxury Mixed-Use Complex in Raleigh
Maeve includes 297 apartments and more than 10,000 square feet of street-level retail space. Continue Reading Capital Square Opens Luxury Mixed-Use Complex in Raleigh
North Carolina County in Notorious Deed Theft Case Installs New Fraud Alert System
The fraud alerts will not stop the deed transfer from happening. Continue Reading North Carolina County in Notorious Deed Theft Case Installs New Fraud Alert System
US housing market funk has lumber traders expecting rally to fizzle
Source: The Business Times --- THE chill in North America’s housing market has lumber traders saying the commodity’s recent rally may not have much more room to run. Benchmark futures in Chicago rose as much as 6.1 per cent to US$418.80 per 1,000 board feet on...
The uneasy US housing stalemate
Source: Financial Times --- Spare a thought for the American first-time homebuyer, for whom things have rarely looked so grim. US home prices rose 40 per cent during the pandemic. Mortgage rates haven’t been this high in 15 years. Wages are higher, but not nearly...
High and dry in Manhattan: buyers and sellers in housing market stand-off
Source: Financial Times --- Charlotte, who is in her late sixties and impatient to move to Florida, has cut the price of her two-bedroom Upper East Side apartment by a fifth, to $2mn. After three months without a suitable offer, Amy Schwab Owens gave up trying to sell...
First American cites 2023 housing market optimism
Source: The Title Report --- First American Financial Corp. released its Potential Home Sales Model for November 2022, measuring what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals. Data pointed to...
US housing price slowdown continues as mortgage financing poses headwind
Source: S&P Global --- U.S. home prices rose 9.2% year over year in October 2022, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Despite the annual rise in home prices during the month, the price hike was still weaker compared...
What’s Ahead for the U.S. Housing Market?
Source: Knowledge at Wharton --- The U.S. housing market last year bore the brunt of higher mortgage rates that rode spiraling inflation in the broader economy, but that will change this year, according to Susan Wachter, Wharton professor of real estate and finance....
US real estate has ‘monumental opportunity’ to solve housing crisis in 2023: Expert
Source: Fox Business --- With the New Year comes new opportunities – and one real estate developer and CEO signaled there’s untapped potential in the sector that could make investors big bucks while solving an affordable housing crisis. "This sits as a monumental...
Housing Market Trends and Predictions for the Next 5 Years: 2022 to 2026
Source: Total Mortgage --- The housing market is one of those asset classes that get better with time. Historically, home values rise even if there are stretches in between when the market slows down. For example, in the five-and-a-half decades leading up to 2022,...
Mortgage Lenders: The 2023 Purchase Market Is Your Moment
Source: Forbes --- It’s time for mortgage lenders to stop comparing 2022 volume and 2023 projections to the refinance-fueled record fundings of 2020 and 2021. The pandemic refi boom is long over, and while home buyers who need mortgages are still absorbing this year’s...
Layoffs, sluggish markets signal rough start to 2023
Source: The Real Deal --- The sky isn’t falling as we enter 2023 when it comes to real estate, but there aren’t a whole lot of rainbows up there, either. A number of stories last week point to the year shaping up to be a rough one. Compass, the No. 1 residential...
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