U.S. Housing Market
Mortgage Rates Remain Flat
The 30-year fixed-rate mortgage averaged 6.58% as of Aug. 21. Continue Reading Mortgage Rates Remain Flat
How Sweet It Is! Jackie Gleason’s UFO-Inspired Home Listed for $5.5 Million
Completed in 1959 and nicknamed “The Mothership,” the 7,000-square-foot roundhouse design took five years to construct with a no-expense-spared budget. Continue Reading How Sweet It Is! Jackie Gleason’s UFO-Inspired Home Listed for $5.5 Million
The NRP Group Breaks Ground on Mixed-Income Housing Community Outside of Dallas
The development will also include a 2.5-acre public park that is accessible both residents and the broader Anna community. Continue Reading The NRP Group Breaks Ground on Mixed-Income Housing Community Outside of Dallas
44.4% of Q1 Home Sales Included Seller Concessions
Seattle sellers offered concessions to buyers in 71.3% of home sale transactions, Continue Reading 44.4% of Q1 Home Sales Included Seller Concessions
The BLVD Group Acquires Rhode Island Apartment Community for $57 Million
The acquisition and renovation are being financed through Low Income Housing Tax Credits and tax-exempt bonds. Continue Reading The BLVD Group Acquires Rhode Island Apartment Community for $57 Million
‘We’re in a housing recession right now,’ NAHB CEO says
Source: Yahoo! News --- National Association of Home Builders CEO Jerry Howard joins Yahoo Finance Live to discuss the state of the housing market, home builder sentiment, inflation, Fed interest rate hikes, a housing recession, and the outlook for the housing market...
Higher mortgage rates depress U.S. single-family housing starts, building permits
Source: Reuters --- WASHINGTON, Dec 20 (Reuters) - U.S. single-family homebuilding tumbled to a 2-1/2-year low in November and permits for future construction plunged as higher mortgage rates continued to depress housing market activity. The dour report from the...
The Case for Optimism for Housing Market Potential in 2023, According to First American Potential Home Sales Model
Source: Yahoo! --- SANTA ANA, Calif., December 20, 2022--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its...
What You Need to Earn to Buy a Home in the Largest U.S. Cities
Source: New York Times --- As prices rise, higher mortgage payments follow, and after nearly three years of rapid home appreciation during the pandemic, qualifying for a home loan is more difficult than ever. Today’s buyers also face the additional cost of rising...
Where are home prices in America’s 400 largest housing markets headed in 2023? These 5 charts give us some clues
Source: Fortune --- Nationally, home prices rose for 124 consecutive months between February 2012 and June 2022. Now we’re in reverse: Through September, the seasonally adjusted Case-Shiller National Home Price Index has posted three consecutive monthly declines. In...
Housing had a terrible 2022, and one report tells the whole story: Morning Brief
Source: Yahoo! Finance --- The year can't end fast enough for folks in the housing market. After a blockbuster 18 months that ran from mid-2020 through the end of last year, 2022 seemed like a year almost everything went wrong for housing. And the monthly read...
The US housing market faces a ‘triple whammy’ of threats – and stocks may stage a Santa Claus rally, a top strategist says
Source: Insider --- The US housing market is under severe pressure, stocks might stage a year-end rally, and the Federal Reserve probably won't raise interest rates much higher, a leading strategist has said. The NAHB/Wells Fargo Housing Market Index, which measures...
Here’s How Many Homeowners Could Be Stuck With ‘Underwater’ Mortgages in 2023
Source: Yahoo! Money --- Home values are likely to fall next year, and some recent buyers may find themselves in the predicament of being underwater on their mortgages. But experts say most homeowners probably don’t need to worry too much. A new analysis from real...
U.S. Housing Market Index Unexpectedly Drops For 12th Straight Month In December
Source: RTT News --- Homebuilder confidence in the U.S. has unexpectedly seen a continued deterioration in the month of December, according to a report released by the National Association of Home Builders on Monday. The report showed the NAHB/Wells Fargo Housing...
Bank of America CEO Issues Dire Warning for Housing Market: Prepare for 2 More Years of Pain
Source: The Ascent --- It's been a really tough go for prospective home buyers since mid-2020. For the past two years and change, the real estate market has sorely lacked inventory. That's driven home prices upward and forced buyers into countless bidding wars. This...
