U.S. Housing Market
NYC Rents Soared in Month Before Mamdani’s Election
In Manhattan’s luxury real estate market, median prices reached $11,995, a 20% year-over-year spike. Continue Reading NYC Rents Soared in Month Before Mamdani’s Election
California Realtors Back Assumable Mortgage Idea
“Assumable loans could play a key role in unlocking housing opportunities for buyers,” said the organization. Continue Reading California Realtors Back Assumable Mortgage Idea
The Best- and Worst-Run Cities of 2025 Are…
WalletHub cited Provo’s 5.2% business growth rate, low violent crime and property crime rates, and a median household income growing at nearly 8.4%. Continue Reading The Best- and Worst-Run Cities of 2025 Are…
Illinois Home Sales Down as Prices Continue to Rise
The state’s median sales price took a 5% year-over-year rise to $315,000. Continue Reading Illinois Home Sales Down as Prices Continue to Rise
Report: 6% of Sellers Risk Offloading Their Homes Below the Purchase Price
“The longer someone has owned their home, the more likely they are to come out ahead,” said Redfin Senior Economist Asad Khan. Continue Reading Report: 6% of Sellers Risk Offloading Their Homes Below the Purchase Price
Long Island Real Estate Agents Give Their 2023 Predictions
Source: Hedges --- A new year has arrived and we’re all hoping for a strong 2023 ahead, particularly when we’re talking about the economy and real estate. After an unprecedented few years, we’re curious (and maybe a little anxious) about what changes we can expect in...
The most honest man in real estate thinks the housing market isn’t going to crash
Source: Insider --- On a hot July day seven years ago, Jonathan Miller took his 29-foot Hydra-Sports powerboat out into the Long Island Sound off the coast of Connecticut. The boat smelled like sea salt from his recent lobster-fishing trip. The water in the estuary...
Real Estate Markets Set to Normalize in 2023 After Nearly Three Years of the Pandemic Boom
Source: Mansion Global --- What a difference a year makes. At the beginning of 2022, real estate markets all over the world were up against huge demand, limited supply and high prices. Looking toward 2023, the landscape has changed dramatically since central banks...
Triangle housing tug of war: Buyers, sellers will do battle in a more costly market
Source: WRAL Tech Wire --- RALEIGH – Navigating the Triangle real estate market will be tougher at the beginning of 2023 between the higher cost of homes and the higher costs of borrowing to buy a home compared to the beginning of 2022. And the region’s real estate...
Mortgage Rates’ Rise Has Led to Wide Gap With US Bond Yields
Source: US News --- LOS ANGELES (AP) — Economists are baffled by a wider-than-usual divergence between long-term mortgage rates and the yield on the benchmark U.S. government bond that is driving a sharp rise in borrowing costs and helping to torpedo the U.S. housing...
Home buyers see ‘no benefit’ from housing prices, mortgage rates: Expert
Source: Yahoo! News --- William Raveis Mortgage Regional Vice President Melissa Cohn joins Yahoo Finance Live to discuss housing affordability, consumers drawing down their savings, and the outlook for the housing market. Video Transcript [AUDIO LOGO] BRAD SMITH: US...
We’re in the second biggest home price correction of the post-WWII era—here’s the latest data
Source: Yahoo! --- Speaking to reporters in September, Fed Chair Jerome Powell made it clear that going forward the U.S. housing market would get "reset" by a "difficult correction." "Houses were going up at an unsustainable fast level. So the deceleration in housing...
What’s Listing And What’s Selling Right Now In The U.S. Real Estate Market
Source: Forbes --- Despite a slowdown from the previous year’s frenzy, the United States luxury real estate market is still soldiering on with new listings popping up and big-ticket sales happening everyday. Here’s a glance at five distinct markets across the country...
Level Up Your Career by Relocating
This article lays out an easily understandable guide to relocating for career purposes without incurring too much stress. You feel limited by the minimal job opportunities in your community, and you’re ready to seek greener pastures. Relocating for your career is a...
Real estate in 2023: Best, worst locations to move to in the new year
Source: Fox Business --- El Paso, Texas, and Detroit may be the most affordable markets to move to in 2023, but that doesn't make them the best investment, according to Redfin chief economist Daryl Fairweather. Uncertainty surrounding the economy — coupled with high...
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