U.S. Housing Market
Lawsuit Filed to Stop San Francisco’s Family Zoning Plan to Build New Housing Developments
The lawsuit noted construction is being positioned in the historic North Beach and Fisherman’s Wharf areas and in formerly off-limits lower-income neighborhoods. Continue Reading Lawsuit Filed to Stop San Francisco’s Family Zoning Plan to Build New Housing Developments
White House Dropping Plans for 50-Year Mortgage
“I think we have other priorities,” said FHFA Director Bill Pulte. Continue Reading White House Dropping Plans for 50-Year Mortgage
Hits and Misses for the Real Estate Week of Aug. 25-29
A fight over the Fed, an upcoming exodus of Canadians returning going home, and a growing wave of property tax reform efforts. Continue Reading Hits and Misses for the Real Estate Week of Aug. 25-29
Las Vegas Housing Inventory Up 31% from Last Year
The typical Las Vegas home sold for $445,000 last month, down 1% from July 2024. Continue Reading Las Vegas Housing Inventory Up 31% from Last Year
Senate Democrats Urge FHFA’s Pulte to Focus on Lowering Housing Costs
“You could demonstrate an actual commitment to improving the everyday lives of the American people,” the senators said. Continue Reading Senate Democrats Urge FHFA’s Pulte to Focus on Lowering Housing Costs
Despite Banking Turmoil and Flight to Safety on Bonds, FOMC Raises FFR by 25bps
In what was deemed a “game-time decision” by Fed Chair Jerome Powell, the FOMC has opted to raise the Federal Funds Rate by .25%, or 25 bps, according to the statement released today. The target FFR is now 4.75-5%, which is now the highest it has been since 2007. The...
Luxury Home Sales in Miami-Dade Surpasses Pre-Pandemic Levels
Miami-Dade $1-million-and-up transactions surged triple digits versus pre-pandemic 2019 transactions as total pending home sales and showing appointments rose again for the second consecutive month, according to February 2023 statistics released by the MIAMI...
A New Luxury Apartment Community is Coming to Norwalk, CT
Toll Brothers, Inc. a national builder of luxury homes, through its Toll Brothers Apartment Living rental division, and Harris Realty Company LLC have announced a new joint venture to develop Piper, a six-story, 393-unit multifamily rental community in Norwalk, Conn....
As Housing Market Cools, Homebuyers are Putting Less Money Down on a Home
The typical U.S. homebuyer’s down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to a new report from Redfin, the technology-based real estate brokerage. The median down payment was down 35% from the peak it...
Higher input costs, speculation drive housing prices up
Source: VN Express International --- The increasing costs of land, materials, labor, legal procedures, and interest rates, as well as speculation, have all been pushing housing prices up for years, according to experts. In recent market reports, the Ministry of...
Summit County’s housing market continues to see transactions slow down as prices remain high
Source: Summit Daily --- The number of homes sold in Summit County is continuing to decrease each month, a trend that has held since last year. But home prices are remaining record high, according to February real estate data. The findings come as brokers have...
Will The Housing Market Bloom This Spring?
Source: TAP Into Nutley --- What lies in store for the housing market in the Spring of 2023? That's the real question, isn't it? With a dizzying myriad of factors all weighing in the balance, what are we to make of the state of the housing environment, and what will...
Bank crisis will tip U.S. into hard landing after all, says Apollo’s chief economist: ‘I changed my view’
Source: Fortune --- If you asked Torsten Slok a week ago how the economy was going to fare this year, he would have told you he was expecting a no-landing scenario, whereby the Federal Reserve would tame inflation without triggering a downturn. But all has changed...
Wild Swings in Interest Rates are Making Sellers Hesitate to List Their Homes
According to Zillow's latest market report, mortgage rates — both their high levels and wild swings are making life difficult for buyers and sellers. Relatively high rates have reduced new listings to record lows, leaving buyers with limited options. Any dips in...
Housing Market in Pennsylvania Remains Flat in February 2023
According to a report prepared for the Pennsylvania Association of Realtors, the February housing market remained steady compared to the prior month. "January and February reflected similar numbers across the board," said PAR President Al Perry. "The number of...
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