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
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%
California Utility Executive-Turned-Lawmaker Seeks to Slash Energy Credit Benefits for Rooftop Solar Panels
Assemblymember Lisa Calderon is a former government affairs executive at Southern California Edison. Continue Reading California Utility Executive-Turned-Lawmaker Seeks to Slash Energy Credit Benefits for Rooftop Solar Panels
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...
Triangle housing tug of war: Buyers, sellers will do battle in a more costly market
Source: WRAL Tech Wire --- RALEIGH – Navigating the Triangle real estate market will be tougher at the beginning of 2023 between the higher cost of homes and the higher costs of borrowing to buy a home compared to the beginning of 2022. And the region’s real estate...
Mortgage Rates’ Rise Has Led to Wide Gap With US Bond Yields
Source: US News --- LOS ANGELES (AP) — Economists are baffled by a wider-than-usual divergence between long-term mortgage rates and the yield on the benchmark U.S. government bond that is driving a sharp rise in borrowing costs and helping to torpedo the U.S. housing...
Home buyers see ‘no benefit’ from housing prices, mortgage rates: Expert
Source: Yahoo! News --- William Raveis Mortgage Regional Vice President Melissa Cohn joins Yahoo Finance Live to discuss housing affordability, consumers drawing down their savings, and the outlook for the housing market. Video Transcript [AUDIO LOGO] BRAD SMITH: US...
We’re in the second biggest home price correction of the post-WWII era—here’s the latest data
Source: Yahoo! --- Speaking to reporters in September, Fed Chair Jerome Powell made it clear that going forward the U.S. housing market would get "reset" by a "difficult correction." "Houses were going up at an unsustainable fast level. So the deceleration in housing...
What’s Listing And What’s Selling Right Now In The U.S. Real Estate Market
Source: Forbes --- Despite a slowdown from the previous year’s frenzy, the United States luxury real estate market is still soldiering on with new listings popping up and big-ticket sales happening everyday. Here’s a glance at five distinct markets across the country...
Level Up Your Career by Relocating
This article lays out an easily understandable guide to relocating for career purposes without incurring too much stress. You feel limited by the minimal job opportunities in your community, and you’re ready to seek greener pastures. Relocating for your career is a...
Real estate in 2023: Best, worst locations to move to in the new year
Source: Fox Business --- El Paso, Texas, and Detroit may be the most affordable markets to move to in 2023, but that doesn't make them the best investment, according to Redfin chief economist Daryl Fairweather. Uncertainty surrounding the economy — coupled with high...
US housing in 2023 won’t be a buyer’s market or a seller’s market
Source: Quartz --- The Federal Reserve hammered both sides of the housing market in 2022. Rising mortgage rates kept home purchases out of reach for many, while higher building costs made it difficult for sellers to reduce the prices of new homes. The National...
