U.S. Housing Market
Louis CK Cuts Price Nearly in Half on Shelter Island Estate Listing
The three-story, Tudor-style 5,300-square-foot residence on a 2.02-acre property was built in 1901. Continue Reading Louis CK Cuts Price Nearly in Half on Shelter Island Estate Listing
Hits and Misses for the Real Estate Week of Aug. 4-8
An unwelcome package in the mail, another retailer declaring bankruptcy, and an unlikely new officer at a tenants’ right nonprofit. Continue Reading Hits and Misses for the Real Estate Week of Aug. 4-8
Report: Typical Homeowner’s Insurance Premium Up 24% Since 2021
The states with the greatest percentage increase in premiums were Utah (59%), Illinois (50%), Arizona (48%), and Pennsylvania (44%). Continue Reading Report: Typical Homeowner’s Insurance Premium Up 24% Since 2021
FBI Warns of Rise in Quit Claim Deed Fraud Across New England
The FBI noted that 58,141 victims reported $1.3 billion in losses relating to real estate fraud nationwide between 2019 through 2023. Continue Reading FBI Warns of Rise in Quit Claim Deed Fraud Across New England
Slowing in Refinance Drives Down Mortgage Application Activity
The median sales price of new houses sold in February was $414,500. Continue Reading Slowing in Refinance Drives Down Mortgage Application Activity
Home prices are finally falling. But how low will they go?
Source: CNN --- The US housing market is in the midst of a major shift. After two years of stratospheric price appreciation, home prices have peaked and are on their way back down. But what homebuyers and homeowners alike want to know is: How much lower will prices...
Here are the people to know in commercial real estate for 2023
Source: AZ Big Media --- The 2023 edition of People & Projects to Know (PTK) in Commercial Real Estate is one of our most exciting and dynamic editions yet! Not only did the team at AZ Big Media receive an overwhelming number of nominations — for people and...
Rent Growth Is Slowing, and That’s Good News for Struggling Home Buyers and Renters
Source: The Motley Fool --- At a time when many consumers have been facing skyrocketing prices at the pump, supermarket, and just about everywhere, rents have been soaring, thereby adding to that burden. But Realtor.com just released some positive news regarding...
US housing market in ‘free fall’ as builder confidence suffers ‘disastrous’ drop: economist
Source: New York Post--- The US housing market remains in “free fall” after a survey showed a “disastrous” decline in homebuilder confidence, a prominent economist warned on Tuesday. Homebuilder confidence plunged for the 10th consecutive month in October, falling to...
Adjustable-Rate Mortgages Are Probably Still a Bad Idea
Source: Lifehacker --- Housing prices are finally starting to go down, but thanks to interest rate hikes, monthly mortgage payments are more out of reach than ever before. With all of this financial uncertainty, you may be considering an adjustable-rate mortgage,...
Understanding Intelligent Document Automation For Real Estate
Source: Forbes --- To gain valuable insights into your portfolio, it is important to equip your real estate company with tools designed to improve your process. Streamlining quality data into your financial models for more timely analysis and permitting more focus on...
The global real estate investment market now sits at $11.4 trillion — and should reach $30.6 trillion by 2031. Here’s how to grab a slice of the action
Source: Yahoo Finance --- If you’re passionate about investing in real estate, you may be considering buying an apartment building. While it’s a lot of work to manage a multifamily property, an apartment building can have the potential to deliver a great return on...
States that take out the most home loans
Source: WACO Tribune-Herald --- Existing home sales reached the highest level in 15 years in 2021, according to the National Association of Realtors. It was largely driven by record-low mortgage rates and the need for more ex-urban space after coronavirus pandemic...
Housing market becomes more balanced as falling home sales lead to higher inventory
Source: Seeking Alpha --- The U.S. housing market is "making steady progress toward balance," said Re/Max President and CEO Nick Bailey, as September's slump in home sales led to a rebound in inventory. With soaring mortgage rates and the median sales price of $400K...
Skyrocketing inflation is raising mortgages, putting first homes out of reach
Source: The Hill --- A new report showing inflation rising again in September is just the latest bad news for new homebuyers, who are increasingly seeing the cost of a first home pushed out of their reach. The latest news puts lenders, already on edge amid a grim...
