U.S. Housing Market
Mortgage Delinquency Rate Up During Q3
The delinquency rate was up 6 basis points from the second quarter and up 7 basis points from the third quarter of 2024. Continue Reading Mortgage Delinquency Rate Up During Q3
Indiana Home Sales Up 4%
Homes sold for a median price of $270,000, unchanged from September but 6% higher than in October 2024. Continue Reading Indiana Home Sales Up 4%
Rocket Mortgage to Offer Bridge Loans for Homeowners
“With this new flexibility, buyers can quickly and confidently secure their next home,” said Rocket’s Bill Banfield. Continue Reading Rocket Mortgage to Offer Bridge Loans for Homeowners
66-Unit Connecticut Multifamily Property Sells for $20.7 Million
The sale of Putnam Green, which was built in 1976, is the largest multifamily transaction in Greenwich since 2012. Continue Reading 66-Unit Connecticut Multifamily Property Sells for $20.7 Million
DC-Area Real Estate Agents Report DOGE Impacts on Home Selling
The median home price in the DC region was up 3.1% compared to a year ago, hitting a new record high of $659,950. Continue Reading DC-Area Real Estate Agents Report DOGE Impacts on Home Selling
Rocket Mortgage Introduces Purchase Plus, Helping Make the American Dream of Homeownership More Attainable
Special purpose credit program offers up to $7,500 in lender credits for first-time buyers in underserved communities to eliminate a significant hurdle to homeownership DETROIT, December 27, 2022 – Rocket Mortgage, part of Rocket Companies (NYSE: RKT), today...
Seattle home prices will likely fall in 2023. That won’t help buyers
Source: The Seattle Times --- The new year will bring Seattle a new housing market, one without the runaway prices and jaw-dropping bidding wars, yet still difficult for anyone but the region’s wealthiest shoppers. Economists say home prices are likely to fall or...
Home buying forecast: Trends to know in 2023
Source: TB&P --- The housing market has seen extreme highs and lows this year. Fluctuating home prices and mortgage rates are primarily attributed to inflation, fears of a recession, and the U.S. Federal Reserve’s economic policy. Ever-changing factors make the...
Housing market predictions for 2023: Will this be a good year to buy a home?
Source: AS --- The past few years have seen great upheaval in the United States’ housing market, a period of instability sparked by the covid-19 pandemic in early 2020. At first the economic shutdown left interest rates, and therefore mortgage rates, on the floor....
The great housing market ‘reset’ of 2022: The year the Fed had no mercy
Source: Deseret News --- Imagine earning over $100,000 a year and being qualified to buy a half-million-dollar home — but still not being able to swing it. In 2022, that was Joseph Branca’s reality, along with plenty of other Utahns who wanted to join the mad dash to...
El Paso housing market ‘positioned for growth’
Source: El Paso Inc. --- The El Paso area is among the U.S. housing markets expected to grow the most in 2023, according to a national housing forecast. With mortgage rates and home prices rising and lending standards tight, many markets have slowed and some are...
5 ways to make affordable housing for all in 2023 — from construction laws to mortgage financing
Source: Insider --- With the new year is another chance to make housing more affordable for all. Right now, it's harder than ever to buy a home. In 2022, an astronomical rise in mortgage rates coupled with already steep home prices pushed many out of the market...
Home inspections in a hot market
Source: Daily Herald --- Q: In a past article, you wrote: "It is the height of professional irresponsibility for any real estate agent to advise a client against having a home inspection." In most cases, I would agree with your advice. But in a hot market, purchase...
4 predictions for the 2023 real estate market in the Triangle
Source: The Business Journals --- Despite a cooling of the real estate market across the country in 2022, the Triangle has been moving full steam ahead with no signs of slowing. In fact, in 2022, Raleigh and Durham were listed high on Kenan Institute’s report on...
Looking Ahead at the Housing Market in 2023
Source: Tap Into Nutley --- Rollercoasters are designed to take riders on an unpredictable journey with periods of exhilaration, intensity and fear. Kind of sounds like the housing market over the last twelve months, doesn’t it? 2022 was truly a roller coaster year...
Recent Posts
Former Arizona Shopping Center Site to Become Affordable Housing Complex- Turnbridge Equities Begins Leasing at New Raleigh-Area BTR Community
- Illinois Home Sales Up in June While Chicago Home Sales Decline
- Mortgage Rates Rise for Third Straight Week
- Harvard Forecast Points to Slowing in Remodeling Market
