U.S. Housing Market
Q2 Mortgage Delinquency Rate Down Slightly
The delinquency rate was down 11 basis points from the first quarter and down 4 basis points from the second quarter of 2024. Continue Reading Q2 Mortgage Delinquency Rate Down Slightly
Building Permits for Apartments Down 23% Since the Pandemic Construction Boom
San Jose led the nation with the greatest median asking rent increase – 8.8% year-over-year in July to $3,569. Continue Reading Building Permits for Apartments Down 23% Since the Pandemic Construction Boom
Buffalo Homeowners Face Prospect of 8% Property Tax Hike
Acting Mayor Scanlon insisted the 8% property tax levy increase will generate around $13.7 million. Continue Reading Buffalo Homeowners Face Prospect of 8% Property Tax Hike
FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas
The extensions are designed to assist households in devastated areas across Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. Continue Reading FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas
Report: Roof Repair Costs at $31 Billion in 2024
Since 2022, non-catastrophic wind/hail roof claims increased from 17% to 25%. Continue Reading Report: Roof Repair Costs at $31 Billion in 2024
The Housing Market Has Many Renovating Instead of Moving. These Renovations Can Maximize Your Resale Value
Source: Next Advisor --- Homeowners in the U.S. all seem to have the same thing on their mind: Renovations. A recent survey commissioned by Discover Home Loans found that 79% of homeowners would rather renovate their current home than move to a different one....
Why Are Houses So Expensive In Today’s Market?
Homes have been booming in prices over the last few years, a lot of homeowners have been moving out of California and heading up towards Oregon, and Washington, and once the pandemic hit in 2019 people started buying land in Montana, Idaho, Utah, and other less...
How will rising interest rates impact housing market in 2023? Experts weigh in
Source: Fox 10 Phoenix --- LOS ANGELES - During the height of the COVID-19 pandemic, the Federal Reserve kept interest rates historically low, and this meant a home buyer could borrow money at an incredibly low rate. Now, experts say the housing market looks...
Homeowners lost more than a trillion dollars in equity
Source: Axios --- The housing market has returned to earth. Home sellers can't just name a price and expect buyers to pay; meanwhile over a trillion dollars in wealth in the form of home equity has evaporated. Why it matters: Think of this less as a crash and more as...
Home prices rose almost everywhere in the US this summer
Source: CNN Business --- In case you needed more evidence of how much home prices have skyrocketed: Even as the housing market was cooling over the summer, prices still rose in 98% of US markets, according to a new report. From July through September, home prices...
Redfin CEO: ‘The housing market could get worse’
Source: Geek Wire --- The U.S. housing market continues to show signs of weakening, impacting Seattle real estate tech companies such as Zillow Group and Redfin. And the trend may continue. “We think that the housing market could get worse,” Redfin CEO Glenn Kelman...
What Is a Housing Market Price Correction?
Source: U.S. News --- As a homeowner or would-be homeowner, news of housing market conditions can feel stressful – especially when you haven’t endured those conditions in the past. But not all terms are as complicated as they may seem, or as scary for you as a...
It’s the worst time to buy a home in a generation, U.S. survey shows
Source: Seattle Times --- U.S. consumers are seeing homebuying conditions at their worst in a generation as mortgage rates soar in response to the Federal Reserve’s aggressive tightening cycle. About 4 in 5 consumers now describe buying conditions for homes as bad, a...
Housing Market Braces For Rising Layoffs ‘Soon’ As Mortgage Lenders, Home Sellers Cut Thousands Of Jobs
Source: Forbes --- TOPLINE Though the labor market's overall resilience continues to puzzle experts, the plight of rising interest rates, which are spurring a historic plunge in home sales, could soon lead to a rash of harsher job cuts across the housing sector—which,...
More older Americans become homeless as inflation rises and housing costs spike
Source: NPR --- COLUMBIA FALLS, Mont. — On a recent rainy afternoon in this small town just outside Glacier National Park, Lisa Beaty and Kim Hilton were preparing to sell most of their belongings before moving out of their three-bedroom, two-bathroom rental home....
