U.S. Housing Market
California Home Sales and Prices Declined in July
Total active listings were up 37.7% from one year earlier, reaching a 69-month high. Continue Reading California Home Sales and Prices Declined in July
Housing Starts Up in July
However, the increase in housing starts did not spark much enthusiasm among industry experts. Continue Reading Housing Starts Up in July
JTE Real Estate Previews New South Carolina Community
Arbor Ridge will offer an 18-unit mix of three- and four-bedroom homes. Continue Reading JTE Real Estate Previews New South Carolina Community
FinCEN Renews Real Estate Geographic Targeting Orders
The terms of the GTOs are effective beginning April 15 and ending on Oct. 9. Continue Reading FinCEN Renews Real Estate Geographic Targeting Orders
New Bill Seeks to Refocus Federal Home Loan Banks to Support Housing Finance
The legislation would require the FHLBank system to contribute 30% or a minimum of $200 million of its net earnings to its Affordable Home Program. Continue Reading New Bill Seeks to Refocus Federal Home Loan Banks to Support Housing Finance
Home Prices Drop for Third Straight Month as US Market Cools
Source: Bloomberg --- The US housing market pulled back even more in September, with prices slipping 1.2% from a month earlier. It was the third straight decline for the seasonally adjusted measure of prices in 20 large US cities, according to the S&P CoreLogic...
Housing Market Decline: Home Prices Continued Three-Month Decrease In September
Source: Forbes --- TOPLINE Home prices continued to decline for the third-straight month in September, according to data released Tuesday, after the housing market reported its largest deceleration ever in August. KEY FACTS Home prices declined by 1.2%...
Bank of America CEO predicts two years of pain ahead in the housing market
Source: CNN Business --- New YorkCNN Business — The CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s also hopeful that the likely recession will be brief and “mild.” Bank of America (BAC) CEO Brian Moynihan said in an...
U.S. single-family home prices slow again in September
Source: CNBC --- U.S. single-family home prices slowed further in September as higher mortgage rates eroded demand, closely watched surveys showed on Tuesday. The S&P CoreLogic Case Shiller national home price index dropped 0.8% month-over-month in September....
The Housing Market is Projected to Fall in 2023: What You Should Know
Source: Appraisal Buzz --- The U.S. real estate market is at near-unprecedented pricing, but that may not be the case for long. Recent data has experts projecting it will fall in the next year, which would lead to major changes for buyers, sellers, and professionals....
Mortgage market slumps – is this the solution to boost business?
Source: MPA Mag --- Amid a sluggish housing market with a backdrop of inflation, marketing has gained heightened importance as brokers struggle to differentiate themselves in the industry. Now, one marketing expert offers advice on how to go about it. Natalie Mullen...
Rising Inventory Will Be the Housing Market’s Next Problem
Source: The Washington Post --- The US housing market is in an uneasy state of equilibrium. Demand has plummeted as mortgage rates hit a two-decade high, but prices haven’t declined much in part because supply remains correspondingly low. If borrowing costs don’t...
“Collapse” in home prices is coming, experts say
Source: Axios --- The residential real estate market has screeched to a halt, and some economists believe home prices are about to drop significantly. The big picture: Existing home sales have fallen for nine straight months. The supply of single-family homes is...
Keep An Eye On D.R. Horton In 2023
Source: Seeking Alpha --- Introduction I recently wrote an in-depth article on the housing market and home builders in the United States. While we will also discuss the core message in this article, the main takeaway is that major buyers are waiting until unemployment...
Millions of housing units are needed in the US
Source: The Real Deal --- One of the biggest reasons affordable housing isn’t available in the most expensive cities in the U.S. is because those localities aren’t permitting enough homes to be built in them, the Atlantic reports. Some areas have allowed housing to...
