U.S. Housing Market
Fewer Homebuyers Have Post-Purchase Regret
60% of boomers reported no regrets at all, compared to 45% of Gen X, 34% of millennials and 27% of Gen Zers. Continue Reading Fewer Homebuyers Have Post-Purchase Regret
Kentucky Home Sales Plummet in October
October’s median sales price of $270,000 held steady from the previous month and was up 1.9% from one year earlier. Continue Reading Kentucky Home Sales Plummet in October
HUD Enacts 90-Day Foreclosure Moratorium on FHA Mortgages in Texas Flood Region
“Our hearts break as we witness the catastrophe unfolding in Texas,” said HUD Secretary Turner. Continue Reading HUD Enacts 90-Day Foreclosure Moratorium on FHA Mortgages in Texas Flood Region
A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans
The FHFA director’s announcement on the use of VantageScore 4.0 might come with a few problems. Continue Reading A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans
Asking Rents Down for Fourth Straight Month
On a month-over-month basis, asking rents rose 0.6%. Continue Reading Asking Rents Down for Fourth Straight Month
Will home prices go down?
Source: Bankrate --- In 2022, hopeful homebuyers were up against sky-high interest rates and rock-bottom inventory deficits. These factors put homeownership out of reach for many people, particularly first-time buyers, who saw monthly mortgage payments on a typical...
In Fast-Growing Georgia, These Areas Are Leading the Housing Price Surge
Source: NewsBreak --- Georgia residents are more than familiar with population growth. It's been happening around them for decades, after all. The nation's 12th-fastest growing state in 2022, Georgia has seen a nearly 14% population increase since 2010. While the...
More San Francisco homes selling below asking price. Could that trend come to L.A.?
Source: Los Angeles Times --- The San Francisco Bay Area has developed a famous (or infamous) reputation over the years for its housing prices, driven in part by the tech industry’s mammoth presence in the region, with cash-flush workers who could parlay stocks into...
Bay Area Could See More Affordable Housing – If the Public Funds it
A new study suggests that the Bay Area could see nearly 33,000 new affordable housing units in the near future. The research, conducted by Enterprise Community Partners and the Bay Area Housing Finance Authority, found that 395 affordable housing developments are...
It’s time to chill with all the recession talk
Source: CNN Business --- New YorkCNN — In 2021, a bunch of economists and policy makers underestimated the inflation that was taking root around the world. In 2022, as inflation hit 40-year-highs and the Fed ramped up interest rates, many of those commentators went...
Why Today’s Housing Market Isn’t Headed for a Crash
Source: Keeping Current Matters --- 67% of Americans say a housing market crash is imminent in the next three years. With all the talk in the media lately about shifts in the housing market, it makes sense why so many people feel this way. But there’s good news....
Redfin: Rent Prices See Smallest Increase in 20 Months
Increasing supply and waning demand are putting downward pressure on rental prices, according to a new report from Redfin. The median U.S. asking rent rose 2.4% year over year to $1,942 in January, the smallest increase since May 2021 and the lowest level in nearly a...
Title Company Recognized for Uncovering Real Estate Fraud
Kevin Tacher, CEO of Independence Title, was recognized by former Broward County Mayor Michael Udine and Broward County Property Appraiser Marty Kair at a recent Parkland Chamber of Commerce meeting for his outstanding work in uncovering major real estate fraud...
Hopes are High for a Spring Rebound in Mid-Atlantic Housing Market
Homeowners may be coming to terms with 6% mortgage interest rates, which could point to a better spring home buying season, at least in the Mid-Atlantic region. That’s according to the January Housing Market Report released by Bright MLS today. “After record...
Mortgage rates tick up after weeks of decline
Source: Fox Business --- The average long-term U.S. mortgage rate began to rise after four weeks of contraction, a possible sign of stability that could draw in home shoppers with spring buying season weeks away. The big rise in mortgage rates during the past year has...
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