U.S. Housing Market
Builder Confidence Remains Flat
41% of builders were cutting prices in November, a record high in the post-Covid period and the first time this measure has passed 40%. Continue Reading Builder Confidence Remains Flat
Minnesota Property Taxes Could Rise by $1 Billion in 2026
Final property taxes will be determined by the end of the year, and it would be the highest increase of this decade if it holds. Continue Reading Minnesota Property Taxes Could Rise by $1 Billion in 2026
Refinancing Fuels Upswing in Mortgage Application Activity
The Refinance Index increased 7% from the previous week and was 40% higher than the same week one year ago. Continue Reading Refinancing Fuels Upswing in Mortgage Application Activity
New Oregon Agency to Bolster State’s Housing Production
“My North Star is for every Oregonian to be able to afford a home,” said Gov. Tina Kotek in a statement. Continue Reading New Oregon Agency to Bolster State’s Housing Production
Missouri to Host Public Meetings to Discuss Property Tax Reform
Six public meetings will be held from mid-July through early September. Continue Reading Missouri to Host Public Meetings to Discuss Property Tax Reform
National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed
Source: Yahoo! Sports --- On Jan. 10, researchers at Goldman Sachs downgraded their outlook for the U.S. housing market in a paper titled "Getting worse before getting better." Instead of U.S. home prices falling 4.1% in 2023, which was their November call,...
Inflation and housing market: Decoding latest number
Source: Longview News Journal --- There’s good news on the inflation front: December marked the sixth straight month that the U.S. rate of inflation has decreased. According to the latest figures from the U.S. Bureau of Labor Statistics, released Jan. 12, the Consumer...
Experts bash Goldman Sachs prediction of a 2008-level housing crash
Source: Axios --- A New York Post article reporting that Goldman Sachs has forecast a 2008-level housing crash in Phoenix sent ripples through the Valley's real estate industry last week. Yes, but: Local experts called the report "hyperbolic," "misleading" and "a...
Want to Buy a Home In 2023? 10 Cities to Consider
Source: The Ascent --- I'm sure a lot of people would love to forget about the state of the housing market in 2022, but unfortunately, we've probably still got a ways to go before things significantly improve from high prices and high mortgage rates. And since...
Top Overvalued U.S. Housing Markets
Source: US News --- In January 2020, when there was news of a novel coronavirus starting to circulate around the globe but no talk of disruptions to daily life in the U.S., the housing market was continuing to strengthen slowly. The median-price home was more...
National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed
Source: Fortune --- On Jan. 10, researchers at Goldman Sachs downgraded their outlook for the U.S. housing market in a paper titled “Getting worse before getting better.” Instead of U.S. home prices falling 4.1% in 2023, which was their November call, researchers at...
Redfin CEO Glenn Kelman calls housing market ‘stronger than anyone could’ve hoped’
Source: Yahoo! News --- The housing market is coming off one of its most challenging years since the financial crisis, but signs of a turnaround are emerging early in 2023, according to Redfin (RDFN) CEO Glenn Kelman. "The market could still easily falter,"...
US Housing Market Full-Year 2022 & Softwood Lumber Prices January 2023
Source: Yahoo! Finance --- VANCOUVER, BC, Jan. 27, 2023 /CNW/ - Full-year 2022 US housing starts and new home sales data has been released and while the dampening effects of rising mortgage rates remain, the numbers for December show a slight uptick. In 2022 the US...
Housing Market Update: Pending Home Sales Improve In January As More Buyers Return
Source: Redfin --- Pending sales posted their smallest year-over-year decline in three months as mortgage rates ticked down. Early indicators of homebuyer demand, including tour requests and mortgage applications, are increasing from their low point. Pending home...
US housing market shows early signs of recovery as demand rises
Source: Fox Business --- The housing market is showing early signs of recovery with pending sales of U.S. homes climbing for the first time in a year, according to new data from Redfin. Pending home sales rose 3% in December, the first month-over-month increase since...
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