U.S. Housing Market
Lennar Debuts New San Diego-Area Master-Planned Community
Pricing at the community starts in the mid-$900,000s. Continue Reading Lennar Debuts New San Diego-Area Master-Planned Community
Hits and Misses for the Real Estate Week of Aug. 18-22
Cape Cod considers a mansion tax, Baltimore considers raising taxes on vacant lots, and a retail chain will not consider opening stores in California. Continue Reading Hits and Misses for the Real Estate Week of Aug. 18-22
New Home Sales Up 7.4%
Sales of new single-family houses in March were at a seasonally adjusted annual rate of 724,000, according to estimates released by the US Census Bureau and the Department of Housing and Urban Development. This is 7.4% above the February rate of 674,000 and is 6%...
CRMLS Rejects NAR’s Delayed Marketing Policy
“It’s time to stop unnecessarily changing up the rules and to let agents and brokers get back to work,” said CRMLS. Continue Reading CRMLS Rejects NAR’s Delayed Marketing Policy
Mortgage Application Activity Stumbles by 12.7%
The seasonally adjusted Purchase Index decreased 7% from one week earlier. Continue Reading Mortgage Application Activity Stumbles by 12.7%
Housing market predictions for 2023: Will this be a good year to buy a home?
Source: AS --- The past few years have seen great upheaval in the United States’ housing market, a period of instability sparked by the covid-19 pandemic in early 2020. At first the economic shutdown left interest rates, and therefore mortgage rates, on the floor....
The great housing market ‘reset’ of 2022: The year the Fed had no mercy
Source: Deseret News --- Imagine earning over $100,000 a year and being qualified to buy a half-million-dollar home — but still not being able to swing it. In 2022, that was Joseph Branca’s reality, along with plenty of other Utahns who wanted to join the mad dash to...
El Paso housing market ‘positioned for growth’
Source: El Paso Inc. --- The El Paso area is among the U.S. housing markets expected to grow the most in 2023, according to a national housing forecast. With mortgage rates and home prices rising and lending standards tight, many markets have slowed and some are...
5 ways to make affordable housing for all in 2023 — from construction laws to mortgage financing
Source: Insider --- With the new year is another chance to make housing more affordable for all. Right now, it's harder than ever to buy a home. In 2022, an astronomical rise in mortgage rates coupled with already steep home prices pushed many out of the market...
Home inspections in a hot market
Source: Daily Herald --- Q: In a past article, you wrote: "It is the height of professional irresponsibility for any real estate agent to advise a client against having a home inspection." In most cases, I would agree with your advice. But in a hot market, purchase...
4 predictions for the 2023 real estate market in the Triangle
Source: The Business Journals --- Despite a cooling of the real estate market across the country in 2022, the Triangle has been moving full steam ahead with no signs of slowing. In fact, in 2022, Raleigh and Durham were listed high on Kenan Institute’s report on...
Looking Ahead at the Housing Market in 2023
Source: Tap Into Nutley --- Rollercoasters are designed to take riders on an unpredictable journey with periods of exhilaration, intensity and fear. Kind of sounds like the housing market over the last twelve months, doesn’t it? 2022 was truly a roller coaster year...
Long Island Real Estate Agents Give Their 2023 Predictions
Source: Hedges --- A new year has arrived and we’re all hoping for a strong 2023 ahead, particularly when we’re talking about the economy and real estate. After an unprecedented few years, we’re curious (and maybe a little anxious) about what changes we can expect in...
The most honest man in real estate thinks the housing market isn’t going to crash
Source: Insider --- On a hot July day seven years ago, Jonathan Miller took his 29-foot Hydra-Sports powerboat out into the Long Island Sound off the coast of Connecticut. The boat smelled like sea salt from his recent lobster-fishing trip. The water in the estuary...
Real Estate Markets Set to Normalize in 2023 After Nearly Three Years of the Pandemic Boom
Source: Mansion Global --- What a difference a year makes. At the beginning of 2022, real estate markets all over the world were up against huge demand, limited supply and high prices. Looking toward 2023, the landscape has changed dramatically since central banks...
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