U.S. Housing Market
Jennifer Beeston Debuts ’60-Minute Homebuyer’ Course
“When people truly understand the process, they will succeed,” said Beeston. Continue Reading Jennifer Beeston Debuts ’60-Minute Homebuyer’ Course
$110 Million LA Estate of Aaron Spelling Tops List of July’s Most Expensive Home Sales
The Spelling Manor’s $110 million sale price was far greater than the runner-up on the list, a $51 million transaction in Delray Beach, Florida. Continue Reading $110 Million LA Estate of Aaron Spelling Tops List of July’s Most Expensive Home Sales
The BW, Los Angeles Apartment Complex, Sells for $58.1 Million
The property was completed and offers a mix of studios, one-, two- and three-bedroom units. Continue Reading The BW, Los Angeles Apartment Complex, Sells for $58.1 Million
Neighborhood Ventures Acquires Foreclosed Phoenix Multifamily Property for $11 Million
The transaction marks the second time Neighborhood Ventures purchased a distressed property and the first in foreclosure. Continue Reading Neighborhood Ventures Acquires Foreclosed Phoenix Multifamily Property for $11 Million
Hits and Misses for the Real Estate Week of March 31-April 4
An unlikely speaker at a real estate conference, an unlikely subject for a new museum and unlikely behavior by a mortgage industry CEO. Continue Reading Hits and Misses for the Real Estate Week of March 31-April 4
How far will home prices fall? Some say 20% or more is possible
Source: Bankrate --- As the U.S. housing market continues to cool, a growing number of forecasters say homeowners could soon experience significant price declines. These analysts look at the record run-up in home prices during the COVID pandemic and say a drop of 20...
Mortgage Rates Dip Below 7% In The Wake Of Declining Buyer Demand
Source: Forbes --- Mortgage rates slipped below 7% this week, but it wasn’t enough to boost housing activity as mortgage applications continued to decline amid the Federal Reserve hiking its benchmark interest rate for the sixth time this year. The average 30-year,...
What will the Fed do next? Follow the economy, not what Jerome Powell says
Source: CNN --- New YorkCNN Business — The stock market has been on a roller coaster ride, largely because of Wall Street’s shifting expectations about whether the Federal Reserve is going to slow down the pace and size of its interest rate hikes. The Fed briefly...
Mortgage Rates Too High? (Blame the Fed, Wall Street and Your Neighbor.)
Source: The New York Times --- Mila Adams moved to Utah in May with her husband and toddler son to be closer to family, but they didn’t expect to be living with her husband’s parents nearly a half year later. The couple’s search for a home of their own became a race...
Can Utah plan its way out of its housing crisis? Here’s how it’s trying
Source: KSL News --- SALT LAKE CITY — Along with hundreds of city leaders across Utah and its Wasatch Front, Farmington Mayor Brett Anderson knows as well as anyone what haunts the debate over how in the world the rapidly growing state will confront its housing...
What’s Happening in the Affordable Housing Market
Source: Commercial Observer --- Commercial Observer recently spoke with Alvin Yeung, CPA, a managing director of tax services for CBIZ Marks Paneth, who has extensive experience in the affordable housing development market, and Gina Citrola, CPA, a CBIZ Marks Paneth...
U.S. Housing Inventory Hits a Two-Year High as Demand Cools
Source: Mansion Global --- The number of homes for sale in the U.S. hit a two-year high in October, according to a report from Realtor.com Thursday. Active listings increased 33.5% since October 2021 to the highest level since 2020, with a 2.8% increase over October...
Housing market predictions: the forecast for the next 5 years
Source: Bankrate --- It’s been a wild real estate ride over the last few years. After a red-hot market characterized by bidding wars, low interest rates and elevated prices, mortgage rates increased to the highest level in 20 years, leading to a slowdown of both...
Housing Market Could See Further Fallout From Fed’s Inflation Fight
Source: Forbes --- Federal Reserve Chair Jerome Powell views the U.S. housing market as “very overheated” after the pandemic, and he believes supply and demand need to get back into balance. Powell spoke at a November 2 press conference as the U.S. Federal Reserve...
10 Reasons Why Austin, Texas Is The Hottest Real Estate Market In The United States Right Now
Source: Times Square Chronicles --- Austin, Texas is one of the fastest growing cities in the United States. With more people flocking to Texas from many parts of the country, the city’s real estate market is amongst the hottest in the country right now. We’ll take a...
