U.S. Housing Market
St. Louis Creates Impacted Tenants’ Fund for Displaced Renters
Eligible tenants will receive funds for one-time assistance, equal to one month of rent, based on the federal government’s fair market rates established. Continue Reading St. Louis Creates Impacted Tenants’ Fund for Displaced Renters
Zillow Offers Data Analysis Claiming Private Listings Could Perpetuate Racial Disparities
In majority-white areas, 7.9% of homes for sale within MRED were listed privately. In predominantly minority areas, that share was 3.4%. Continue Reading Zillow Offers Data Analysis Claiming Private Listings Could Perpetuate Racial Disparities
Study: Detroit is the Top City for Property Tax Rates
When it comes to property taxes across the nation’s major cities, Detroit homeowners pay the highest amounts while their counterparts in Honolulu pay the lowest. According to the latest 50-State Property Tax Comparison Study published by the Lincoln Institute of Land...
Mortgage Application Activity and Credit Availability in Decline
The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 10% on a seasonally adjusted basis. Continue Reading Mortgage Application Activity and Credit Availability in Decline
Historic Milwaukee Nursing Home to Become Affordable Housing Development
The four-story property opened in 1929 as the Milwaukee Jewish Home for the Aged. Continue Reading Historic Milwaukee Nursing Home to Become Affordable Housing Development
THE BENEFITS OF A VIRTUAL ASSISTANT FOR YOUR REAL ESTATE OR BROKERAGE AGENCY
Source: Realty Biz News --- As a real estate agent or broker, you know what it’s like on the backend of things. It’s not all glitz and glamour and while you and your team are out showing potential buyers houses on your books, there’s a pile of admin work not being...
Three New England Markets Experience Sharp Increase in Rents
Three housing markets in the U.S. Northeast are dealing with rent spikes even as the nation’s rental crisis showed signs of moderation in January. Renters in Springfield, Massachusetts paid an average of about $1,615, a year-over-year increase of 14.73 percent...
Realogics Sotheby’s International Realty Releases 2023 Forecast Report
Realogics Sotheby’s International Realty (RSIR) released its 2023 Forecast Report, a macroeconomic housing report authored by Pacific Northwest brokerages who have analyzed the trends in 2022, evaluated what's occurred so far in Q1 for 2023 and are focused on where...
Will US Housing Crash The Economy?
Source: Bloomberg --- Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. Could US Housing Crash The Economy? I’ve realised that one of the phrases I use most...
US housing market sees $2.3T drop in value, biggest since 2008
Source: Fox Business --- The U.S. housing market suffered the biggest drop in value since 2008 as home prices came crashing down. That's according to a new report from real estate brokerage firm Redfin, which showed that the total value of U.S. homes tumbled from a...
Home Prices Just Hit the Skids: ‘The Balance Is Shifting’
Source: Realtor.com --- The housing market today remains in a hazy no man’s land, with neither buyer nor seller willing to surrender what little control they have. Buyers face the dual enemies of high home prices and mortgage rates, which have been bouncing between 6%...
Housing Market Recovery Held Back by Costs, Low Supply
According to a new report from RedFin, an online real estate brokerage, home-purchase applications dropped to the lowest level since 1995 last week as mortgage rates jumped on expectations that the Federal Reserve will need to raise interest rates again to combat...
Coast Energy Developing Solar Projects in New York
Coast Energy, an independent power producer that develops, owns and operates renewable distributed generation and storage projects for commercial and industrial (C&I) real estate, announced that it has acquired an 8.6 megawatt project in the Town of Brookhaven on...
Housing Market Update: Sale Prices Flatten, Demand For Mortgages Falls As Rates Climb
Source: Redfin --- As mortgage rates rise, serious homebuyers are scarce. But plenty of people are searching for homes online and touring them, waiting until rates decline to buy. The median U.S. home-sale price was $348,000 during the four weeks ending February 19,...
That 3% Mortgage Just Keeps Getting Better
Source: The Washington Post --- The economy has been stronger and inflation stickier than markets and forecasters expected at the start of 2023, prompting traders to place bets that the Federal Reserve could ultimately raise rates as high as 6% — a level not seen...
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