U.S. Housing Market
Mill Creek Residential Breaks Ground on Single-Family BTR Community in Austin
Mill Creek Residential has broken ground on its latest Texas development: Amavi Northwest Austin, a single-family, build-to-rent (BTR) community in the Northwest Austin/Round Rock metropolitan area. The gated, pet-friendly community will feature 144 three- and...
Democrat Senator Calls on Trump to Declare National Emergency on Housing
The White House did not comment on Slotkin’s remarks or legislation. Continue Reading Democrat Senator Calls on Trump to Declare National Emergency on Housing
Pennsylvania Housing Inventory Hits 3-Year High
The median home price rose 6.5% year-over-year to $320,000 in July. Continue Reading Pennsylvania Housing Inventory Hits 3-Year High
Mortgage Rates Remain Flat
The 30-year fixed-rate mortgage averaged 6.58% as of Aug. 21. Continue Reading Mortgage Rates Remain Flat
How Sweet It Is! Jackie Gleason’s UFO-Inspired Home Listed for $5.5 Million
Completed in 1959 and nicknamed “The Mothership,” the 7,000-square-foot roundhouse design took five years to construct with a no-expense-spared budget. Continue Reading How Sweet It Is! Jackie Gleason’s UFO-Inspired Home Listed for $5.5 Million
NYC remains the most expensive real estate market in world: Report
Source: New York Post --- The Big Apple has retained its crown as the world’s priciest housing market. New data has determined that, in 2022, more ultra-prime property transactions were conducted in New York City than anywhere else on Earth. On Wednesday, real estate...
This State Has the Highest Real Estate Taxes (and It’s Not Even Close)
Source: The Motley Fool --- Residents in this state pay about three times the national median. The median U.S. homeowner pays 1.11% of their home's value in property taxes each year. And based on 2021 home-price data, this translates to a median tax bill of $2,971....
Boon for Buyers: The 10 U.S. Cities With the Biggest Increases in Homes for Sale
Source: Realtor.com --- Where are all the homes, anyway? Ever since the COVID-19 pandemic ignited a nationwide housing boom, wannabe buyers have been plagued by bone-dry home inventory levels in many markets—causing them to either wait on the sidelines for more...
JLL CEO Urges Patience for ‘Relatively Short’ Real Estate Industry Downturn
Source: CoStar --- JLL, the world's second-largest real estate brokerage by revenue, reported declines in leasing and capital markets in its latest earnings report as the industry prepares for what executives hope will be a rebound in deal activity later this year....
Real estate market hit by low inventory
Source: Antelope Valley Press --- LANCASTER — Limited inventory is hitting the residential and commercial real estate markets, while the changing economic landscape is having a greater impact on the residential market, forecasters said during Friday’s Antelope Valley...
Are All-Cash Buyers Dominating NYC Real Estate Market?
New real estate data and reporting recently revealed that nearly a third of U.S. homebuyers are sidestepping a mortgage and purchasing property via cash-only transactions, according to Redfin. This is a trend that is suddenly dominating big cities like Atlanta, Ga.,...
37,000 Acre Texas Ranch, owned by Oil Tycoon, Has Sold
Located in the northeast corner of the Texas Panhandle, Mesa Vista stretches for over 100 square miles and almost 37,000 acres along 25 miles of the Canadian River. The compound includes a five-bedroom family house, an 11,500-square-foot lake house with three...
INSIGHT: US housing market to hit demographic wall by 2030s
Source: ICIS --- CHARLOTTE, North Carolina (ICIS)–Demographics will weigh heavily on the long-term outlook for the US housing sector as a much smaller Gen Z population reaches prime home-buying age in the first half of the 2030s, according to an ICIS analysis. Housing...
REITS to Consider as U.S. Housing Market Tumbles
Source: Nasdaq --- As the dust settles and markets digest a dire realization, housing markets - which seemed to be the focus for investors and home buyers alike during the 2020-2022 period - are becoming an area of peril for some residents following the largest...
Housing market on the rise? Why pending contracts for home sales have industry buzzing.
Source: USA Today --- A slight decline in mortgage rates in December and January contributed to an improvement in pending home sales for a second consecutive month, according to data released Monday by the National Association of Realtors. The Pending Home Sales Index...
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