U.S. Housing Market
Kevin O’Leary Says He’s Moving From Boston Because of Elizabeth Warren
“I now live in Florida because of Elizabeth Warren,” said the “Shark Tank” star. Continue Reading Kevin O’Leary Says He’s Moving From Boston Because of Elizabeth Warren
Why Did a Disneyland-Area Suburb Agree to a Property Tax Hike?
The community located 20 minutes from Disneyland has a median listing price of more than $1 million. Continue Reading Why Did a Disneyland-Area Suburb Agree to a Property Tax Hike?
Hits and Misses for the Real Estate Week of March 24-28
The CFPB’s about-face, an iconic retail chain’s downfall and the rescue of a derelict Frank Lloyd Wright home. Continue Reading Hits and Misses for the Real Estate Week of March 24-28
Fannie Mae Forecasts Declining Mortgage Rates for 2025 and 2026
The revised forecast was mirrored by a mild upward revision for predicted existing home sales in 2025. Continue Reading Fannie Mae Forecasts Declining Mortgage Rates for 2025 and 2026
Andy Warhol’s Former Manhattan Townhouse Listed for Nearly $7 Million
Warhol lived at the property from 1960 to 1972. Continue Reading Andy Warhol’s Former Manhattan Townhouse Listed for Nearly $7 Million
Review of all things Real Estate: 2022 fall housing market predictions
Source: Village News --- After a tumultuous summer for real estate, autumn is here. As of mid-September, the benchmark 30-year fixed-rate mortgage average is hovering a bit above 6% and skyrocketing home prices are finally starting to drop, slowly, (references below)....
The Best Real Estate Returns Come After Recessions
Source: Institutional Investor --- Amid a slow down in the economy, higher financing costs, and mounting fears of a recession, real estate values are fast declining. But the downturn is an opportunity for investors who stick with their real estate holdings — or invest...
Current National Mortgage Rates: September 28, 2022—Rates Are The Highest They’ve Been In A Year
Source: Forbes --- The average rate on a 30-year fixed mortgage is 6.98%, according to Bankrate.com, while the average rate on a 15-year mortgage is 6.09%. On a 30-year jumbo mortgage, the average rate is 7.02%, and the average rate on a 5/1 ARM is 5.11%. Today’s...
The US reckons with a new housing bubble
Source: The Cryptonomist --- The most useful feature of the housing market is that it is an excellent thermometer for the country’s economy. It anticipates what will be, so when the market concerned is the American market, which is 25% of the planet’s economy,...
Ask a Broker: Is the real estate market really slowing down?
Source: Aspen Daily News --- The Roaring Fork Valley seems to always be in demand — and that is still true, even with the uncertainty in today’s market. The roaring ’20s, meaning 2020 and 2021, saw the biggest demand in housing our nation has ever experienced. Our...
The Jeff Bezos-Backed Real Estate Company Is On A Buying Spree For Single-Family Homes
Source: Yahoo --- The real estate investment platform backed by Amazon.com Inc founder Jeff Bezos has continued ramping up its acquisitions of single-family rental homes in several U.S. markets. Arrived Homes acquires single-family homes to use as rental properties,...
4 Surprising Reasons Homebuyers’ Real Estate Deals Fall Through Today: Could Yours Be Next?
Source: Realtor.com --- Owning a home is the American dream, but at the moment it’s more like homebuying cancel culture. According to a 2022 survey by home warranty site Cinch Home Services of 1,000 Americans who have tried to buy or sell a home in the past year, more...
Why the Fed’s housing reset risks a global recession
Source: Housing Wire --- When Federal Reserve Chairman Jerome Powell talked about a housing reset in June, it sent shockwaves around the country because it sounded so ominous. In the most recent FOMC meeting, held last week, Powell finally clarified what he meant by...
John Paulson on Frothy US Housing Market: This Time Is Different
Source: Yahoo --- John Paulson became a billionaire after his hedge fund effectively shorted more than $25 billion of mortgage securities at the dawn of the global financial crisis. As he sizes up yet another frothy housing market some 15 years later, the founder of...
With Mortgage Rates Soaring, the Housing Market Takes Another Hit
Source: The New York Times --- As the average 30-year mortgage rate eclipses 7 percent, home buyers and sellers are confronting sticker shock. The interest rate for the most common home loan in the United States surpassed 7 percent this week, by one measure — the...
