U.S. Housing Market
Kansas Home Sales Declined During November
The median sale price in November was $277,000, up by 4.5% from the $265,000 price recorded in the prior year. Continue Reading Kansas Home Sales Declined During November
Iowa Home Sellers Will Need to Disclose Presence of Lead Water Lines
Chris Delfs, board president of the Northwest Iowa Board of Realtors, welcomed the new state law. Continue Reading Iowa Home Sellers Will Need to Disclose Presence of Lead Water Lines
Kanye West’s Unfinished Malibu Beach House Back on the Market at Reduced Price
West purchased the property in 2021 for $57 million but left unfinished after a highly publicized but ill-fated renovation project. Continue Reading Kanye West’s Unfinished Malibu Beach House Back on the Market at Reduced Price
Mortgage Rates at 10-Month Low
“Purchase application activity is improving as borrowers take advantage of the decline in mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates at 10-Month Low
Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year
Most of the international buyers of Texas houses came from Mexico (30%), followed by Canada and China (each at 8%), India (7%), and Nigeria (6%). T Continue Reading Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year
Unpriced climate risk and the potential consequences of overvaluation in US housing markets
Source: Springer Nature --- Abstract Climate change impacts threaten the stability of the US housing market. In response to growing concerns that increasing costs of flooding are not fully captured in property values, we quantify the magnitude of unpriced flood risk...
Alliant Capital Announces Financing for Affordable Housing in Sonoma County, CA
Alliant Capital, a Walker & Dunlop, Inc. company, announced today its $40 million investment for Shiloh Crossing, a new construction of 171 Low Income Housing Tax Credit (LIHTC) units in Windsor, Sonoma County, CA. The team, including Dudley Benoit, senior...
US Housing Market Overvalued by $200 Billion Due to Unpriced Climate Risks
Source: Environmental Defense Fund --- A new study published in the journal Nature Climate Change examines the potential cost of unrealized flood risk in the American real estate market, finding that flood zone property prices are overvalued by US$121–US$237 billion....
Does Better Than Expected Homebuilder Sentiment Mean The Real Estate Market Could Be Turning?
Source: Forbes --- Key Takeaways February’s housing report marks the first month-over-month increase in homebuilder sentiment since late 2021 After hitting a high of 7.37% in October 2022, mortgage rates are making their way back down to a more reasonable range,...
5 reasons so many people are moving to Tennessee, according to a 25-year-old broker who’s helped Californians and New Yorkers relocate there
Source: Insider --- Tennessee has popped up on lists of the best, most affordable, and most moved-to states in the US, with cities like Chattanooga and Knoxville gaining recognition for their population booms during the pandemic. Many people have already made the...
Florida real estate market staying hot despite agent exodus: ‘It’s not an accident’
Source: Fox Business --- With new data on the number of U.S. realtors indicating declining membership growth this year as agents head for the door in once-hot markets, real estate experts predict Florida will stay steaming despite the exodus. "It's not an accident,"...
January 2023 Real Estate Update
Source: Tysons Today --- The Washington metro area housing market had ground to a halt at the end of 2022, but in January, there was an increase in both buyer and seller activity that suggests that the market has bottomed out. Both pending sales and showing activity...
California home sales increase in January for second straight month as prices stabilize
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 241,520 in January, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The...
Real Estate Startup zavvie Announces “zavvie Power Buyer,”
zavvie, a software technology company providing customized marketplaces for brokerage-wide buying and selling solutions, announces they have rolled out a new white-labeled solution for real estate brokers designed allow them to offer additional options to home...
Investors are pulling back from the housing market, buying half as many homes as a year ago, Redfin says
Source: Market Watch --- Investors are slinking away from the real-estate market as home-price growth slows and the possibility of price drops appears on the horizon. Purchases of homes by investors in the U.S. fell by 45.8% year over year in the fourth quarter,...
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