U.S. Housing Market
Historic Baltimore Multifamily Community Sells for $5.95 Million
Built in 1927, The Baltimorean offers a mix of studios and one- and two-bedroom apartments with units averaging 385 square feet in size. Continue Reading Historic Baltimore Multifamily Community Sells for $5.95 Million
PulteGroup Expands Ohio Presence into Cincinnati
PulteGroup already has an Ohio presence in the Cleveland and Columbus markets. Continue Reading PulteGroup Expands Ohio Presence into Cincinnati
Sen. Tim Sheehy Lists Montana Estate for $10.25 Million
The property, called Bird Point, is located along 2,400 feet of protected shoreline and encompasses three residences. Continue Reading Sen. Tim Sheehy Lists Montana Estate for $10.25 Million
Hits and Misses for the Real Estate Week of June 23-27
Cryptocurrency permeates housing policy, HUD muscles its way into a new headquarters, and Cincinnati will not have a new football stadium. Continue Reading Hits and Misses for the Real Estate Week of June 23-27
Why is a Rhode Island Property Tax Being Named After Taylor Swift?
Swift has not been seen in Rhode Island since last August when she hosted a celebrity-filled party at her property. Continue Reading Why is a Rhode Island Property Tax Being Named After Taylor Swift?
A Final Take on Housing for 2022 and Another Promise of Falling Inflation Top the Week’s Economic Data
Source: US News --- Just how badly did the housing market end 2022? That may be clear this week as a bevy of reports for December are released that will shed some light on the housing market: the number of new permits issued and homes on which construction has begun,...
California voters approve new measures to combat housing shortage locally
Source: firsttuesday Journal --- When it comes to California’s housing crisis, residents are saying enough is enough. Last November, Californians voted on transformative housing measures in their cities amid a long-simmering statewide shortage. The 2022 midterm...
‘Housing will remain weak throughout the winter,’ economist says
Source: The Salem News --- There is one troubling word that Freddie Mac's chief economist Sam Khater uses to describe the winter 2023 housing market: weak. "The housing market remains in the doldrums with declining sales, inventory and prices," Khater said in a...
Up from here? The free fall in housing market activity just concluded, says Capital Economics
Source: Fortune --- Not only did spiking mortgage rates prompt the Pandemic Housing Boom to fizzle out in the summer of 2022, they also pushed housing market transactions into free-fall mode. By December, mortgage purchase applications were down over 40% on a...
What Past Recessions Tell Us About the Housing Market
Source: Keeping Current Matters --- It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them...
These are the Most Vulnerable Housing Markets in America Right Now
Source: Yahoo! Finance --- There are some savvy money moves to make if you earn $5,000 a month, including saving up to buy a home. However, the real estate market has been volatile in recent years, meaning there are a lot of unpredictable factors folks have to...
Is it good to buy when the housing market crashes?
Source: AS --- Potential homebuyers—and most people—shudder at the phrase “recession.” The 2008 recession devastated the real estate business. Sales fell, houses were foreclosed, and the market collapsed. If you’re smart, purchasing a property during a recession may...
The US housing market, Part 1: A look back at 2022 | Cumberland Comment
Source: Herald-Tribune --- Whether viewed by home sales (demand) or housing starts (supply), the U.S. housing market downshifted significantly during 2022. Housing demand is driven by a number of factors, but perhaps chief among them is mortgage rates, as the key...
Investors are ‘desperate’ for a recession that forces the Fed to cut interest rates but what happens to markets if the economy remains healthy?
Source: MarketWatch --- As 2023 gets underway markets are clinging to expectations that the U.S. economy will slide into a recession that effectively forces the Federal Reserve to start cutting interest rates, lower bond yields and borrowing costs, and perhaps help...
Current State of the Housing Market; Overview for mid-January
Source: CalculatedRisk Newsletter --- New Listings Have Declined Significantly Here is a graph of new listing from Realtor.com’s December Housing Trends Report showing new listings were down about 21% year-over-year in December. And the local markets I track that have...
