U.S. Housing Market
New Study Finds Nearly 9% of Residences Owned by Corporate Entities and Investors
The report observed that corporate ownership exceeds 20% in communities including St. Louis, Missouri; Harrisonburg, Virginia; and Franklin County, Ohio. Continue Reading New Study Finds Nearly 9% of Residences Owned by Corporate Entities and Investors
Existing Home Sales Up in October
“Home sales increased in October even with the government shutdown due to homebuyers taking advantage of lower mortgage rates,” said NAR Chief Economist Lawrence Yun. “ Continue Reading Existing Home Sales Up in October
Report: Large Banks Originating More ARMs
“Future reset risk is mitigated by large banks’ continued focus on lending to borrowers with high credit scores and low leverage,” the report said. Continue Reading Report: Large Banks Originating More ARMs
Mortgage Rates Record New Uptick
The 30-year fixed-rate mortgage averaged 6.72% as of July 10. Continue Reading Mortgage Rates Record New Uptick
Survey: Nearly Half of Americans Want to Ban Short-Term Rentals from Residential Areas
About one in six (16%) respondents said Airbnb hosts deserve to have their property damaged. Continue Reading Survey: Nearly Half of Americans Want to Ban Short-Term Rentals from Residential Areas
California home sales increase in January for second straight month as prices stabilize
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 241,520 in January, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The...
Real Estate Startup zavvie Announces “zavvie Power Buyer,”
zavvie, a software technology company providing customized marketplaces for brokerage-wide buying and selling solutions, announces they have rolled out a new white-labeled solution for real estate brokers designed allow them to offer additional options to home...
Investors are pulling back from the housing market, buying half as many homes as a year ago, Redfin says
Source: Market Watch --- Investors are slinking away from the real-estate market as home-price growth slows and the possibility of price drops appears on the horizon. Purchases of homes by investors in the U.S. fell by 45.8% year over year in the fourth quarter,...
Is the housing market recovering? Here’s why home builders feel ‘cautious optimism.’
Source: USA Today --- After every month in 2022 recorded a decline in builder confidence, could 2023 herald a change? It’s beginning to look that way. Builder confidence in the market for newly built single-family homes in February rose seven points to 42, marking a...
Housing Market: 6 Trends To Know for February 2023
Source: Yahoo! --- The current state of the U.S. housing market can best be described as “complicated.” Rising mortgage rates over the past year have steered many would-be buyers out of the market, leading to softer demand and declining home prices. But prices are...
San Francisco looks like a deflating Pandemic Housing Bubble—while housing markets in New York and Chicago remain stable
Source: Yahoo! News --- The home price correction has been fairly mild on a national level, with U.S. home prices falling just 2.5% between June and November. But on a regional level, the correction in the second half of 2022 was a mixed bag. Among the 20 major...
Will the Mortgage Third-Party Origination Channel Survive the Current Market?
Northpointe Bank, a regional bank headquartered in Michigan, has announced that they are closing their correspondent lending operations in April of 2023, and will shift their focus to retail lending, mortgage warehouse lending and specialty loan servicing. This...
Single women outpacing men in home ownership by millions
An analysis by LendingTree found that single women own millions more homes than their male counterparts, according to 2021 U.S. Census Bureau data. The analysis also uncovered that single women are more likely than single men to own their own home in 48 out of the 50...
Zillow Partnership with iBuyer Opendoor Launches in Atlanta, Raleigh
In August 2022, Zillow and Opendoor announced a multi-year partnership, bringing them together to transform how people initiate their move. The two companies announced that homeowners in Atlanta and Raleigh have a new way to explore multiple home-selling options on...
Housing Market Update: More Buyers Step Onto The Field, Luring Some Sellers Off The Sidelines
Source: Redfin --- Pending sales and new listings each posted their smallest declines since September. Homebuyer demand continues to increase from its fall low point despite mortgage rates ticking up this week. Seller activity is also picking up. Pending home sales...
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