U.S. Housing Market
Report: Chicago Property Taxes See Largest Hike in 30 Years
The city is offering an installment plan with interest for homeowners who are unable to pay their total property tax bill at one time. Continue Reading Report: Chicago Property Taxes See Largest Hike in 30 Years
Leasing Underway at New ‘Ultra-Luxury’ 18W55 in Midtown Manhattan
18W55 is now about 25% leased, with rents ranging from $4,945 for studios to $35,000 for a full-floor three-bedroom penthouse. Continue Reading Leasing Underway at New ‘Ultra-Luxury’ 18W55 in Midtown Manhattan
Report: Condo Prices Drop in Second Largest Decline on Record
Condo sales were down 11.9% year-over-year in May, the largest decline since June 2024. Continue Reading Report: Condo Prices Drop in Second Largest Decline on Record
Rocket Companies Completes Acquisition of Redfin
Redfin has adopted a new brand identity as “Redfin Powered by Rocket.” Continue Reading Rocket Companies Completes Acquisition of Redfin
California’s Environmental Law Rewritten to Create More Housing
“This is the most consequential housing reform in modern history in the state of California,” said Gov. Newsom. Continue Reading California’s Environmental Law Rewritten to Create More Housing
The Housing Market Has Started To Recover
Source: Redfin --- The housing market has begun to recover after hitting a low point in the second week of November. We’re not out of the woods yet, but homebuyers are coming off the sidelines: The number of Redfin customers requesting first tours has improved 17...
Here’s when US home price declines could end, Goldman Sachs says
Source: New York Post --- The ongoing plunge in US home prices may be nearing its end, Goldman Sachs analysts said in a note to clients this week. Long-term mortgage rates have cooled by nearly a full percentage point after surging above 7% as the Federal Reserve...
The housing market recession could be bottoming out. What does it mean for home prices?
Source: Yahoo! --- Fed Chair Jerome Powell made it crystal clear last summer: Spiking mortgage rates would help to "reset" the U.S. housing market, which had turned into a buyer's nightmare during the pandemic. Of course, spiking mortgage rates wouldn't magically...
US housing market shows early signs of recovery as demand rises
Source: Fox Business --- Pending home sales increased for the first time in more than a year 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...
The worst is over for the US housing market – and prices will stop crashing within 6 months, Goldman Sachs says
Source: Insider --- The end is in sight for the US housing market's troubles, according to Goldman Sachs. Strategists at the US bank said this week that easing mortgage rates are likely to help the market find a floor within six months – with prices likely to have...
U.S. Real Estate Outlook 2023
Source: JLL --- Our predictions for U.S. Real Estate Markets in 2023 What is the economic outlook for the U.S.? The economy in 2023 will present a mixed picture. While underlying momentum has slowed, this was anticipated following last year’s unexpectedly healthy...
The housing market recession could be bottoming out. What does it mean for home prices?
Source: Fortune --- Fed Chair Jerome Powell made it crystal clear last summer: Spiking mortgage rates would help to “reset” the U.S. housing market, which had turned into a buyer’s nightmare during the pandemic. Of course, spiking mortgage rates wouldn’t magically...
US housing affordability hell ‘can’t beat’ the Florida heat
Source: Fox Business --- With rising mortgage rates and home prices staring homeowners down in 2023, Sun Belt residents are expressing their gratitude for making the historic exodus when they did. "The people are nice, you can't beat the weather and just the climate...
Starter Home Prices Are Soaring and Luxury Is in a Slump—What’s Going On?
Source: Realtor.com --- For those navigating America’s residential real estate market, it’s lately felt a bit like an out-of-control cargo train, ever threatening to veer off the tracks—stomach-churning price accelerations followed by interest rate hikes slamming the...
Goldman Sachs says 4 US cities will suffer a 2008 crash in home values
Source: Fox Business --- Goldman Sachs expects home values to worsen through 2023 amid continued skyrocketing interest rates and declining housing prices. The firm wrote to clients earlier this month that it predicts four U.S. cities will suffer the most catastrophic...
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