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
Pending Home Sales Down 0.4% in July
NAR added that its Realtors Confidence Index survey in July found 16% of its members expecting an increase in buyer traffic over the next three months. Continue Reading Pending Home Sales Down 0.4% in July
Equity Union Real Estate Begins Sales at Luxury LA Condo Complex
Pricing ranges from $975,000 to $2.8 million. Continue Reading Equity Union Real Estate Begins Sales at Luxury LA Condo Complex
Gov. DeSantis Pledges to Slash or Eliminate Florida’s Property Taxes
“I think that property taxes have pinched a lot of people, and I think we got to do something about it,” DeSantis said. Continue Reading Gov. DeSantis Pledges to Slash or Eliminate Florida’s Property Taxes
The housing market just took a turn, and international buyers are back
Source: Fast Company --- From the rolling hills of Portugal’s Douro Valley to the Andean foothills of Argentina, there is a common dream among the international luxury consumer—owning a property in the United States. It might be a modern mansion amid Hollywood’s...
Investment Conditions in Multifamily Apartments Continue to Fall in the Fourth Quarter of 2022
The Freddie Mac Multifamily Apartment Investment Market Index® (AIMI®) fell by 7.6% in the fourth quarter of 2022, with the index down 25.8% year over year. AIMI decreased nationwide and in all 25 markets quarterly and annually, driven primarily by rising mortgage...
Hispanic Homeownership Growth Continues Eight-Year Trajectory
The National Association of Hispanic Real Estate Professionals released the 2022 State of Hispanic Homeownership Report recently, which examines the progress made in the last year toward the organization’s mission of increasing sustainable Hispanic homeownership. ...
Housing Market in ‘Tug of War’ as Prices Continue to Drop Across U.S.
Source: Newsweek --- By mid-2022, as mortgage rates suddenly more than doubled, most housing experts predicted that the booming market would finally cool down, after two years of high demand, skyrocketing home prices, and low inventory heated up the market so much...
Homeowners Look to Alternative Loans to Combat Rising Interest Rates
Mortgage rates ticked up again in February after a brief respite, showing once again just how rate-sensitive the market continues to be, according to the latest Originations Market Monitor report from Black Knight. "Conforming rates dipped below 6% early in...
CoreLogic and KPMG make bold housing market calls: One says U.S. home prices are bottoming while the other foresees a sharper correction
Source: Yahoo! Life --- For 124 consecutive months, spanning from the bottom of the housing crash in February 2012 through the top of the Pandemic Housing Boom in June 2022, national home prices as measured by the seasonally adjusted Case-Shiller National Home Price...
The Number of ‘Million-Dollar’ Cities in the U.S has Dropped by Nearly 10% in the Last Six Months
The U.S. has lost 58 "million-dollar" cities — cities where the typical home is worth $1 million or more — since the housing market peaked last July, a new Zillow analysis shows. In the six months after the peak, the typical home in million-dollar cities lost an...
Top 10 U.S. Housing Markets Most At-Risk of Downturns in Q4 2022
Source: ATTOM --- According to ATTOM’s newly released Q4 2022 Special Housing Risk Report, inland California, Illinois, New Jersey, and Delaware continued to have some of the highest concentrations of the most-at-risk markets in the country. The report shows the...
Most Popular Second Home Markets Across The U.S.
Source: Forbes --- While the real estate boom of 2021 and 2022 may be calming down, the effects of the pandemic-fueled buying frenzy have proven long-lasting in many parts of the country—in particular for second home and vacation markets that emerged as buyers sought...
US housing market on a downward slop as buyers and sellers contend with a fresh spike in mortgage rates
Source: TDPel Media --- Consumer confidence in the US housing market reached a near all-time low in February due to a new surge in mortgage rates and growing anxiety about job security. Fannie Mae’s monthly Home Purchase Sentiment Index fell by 3.6 points to 58.0 in...
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