U.S. Housing Market
New Jersey Home Sales Slump While Prices Keep Rising
The median sale price on a single-family home increased by 4.4% to $590,000. Continue Reading New Jersey Home Sales Slump While Prices Keep Rising
$15 Million Allocated for Virginia Workforce Housing Investment Program
The new funding will be used to support middle-income housing development in 14 localities. Continue Reading $15 Million Allocated for Virginia Workforce Housing Investment Program
Kolter Homes Unveils New Gated Community in Florida
Scheduled to open in the summer, the homes at The Cove at Park Trace will feature single-story floor plans with two to five bedrooms. Continue Reading Kolter Homes Unveils New Gated Community in Florida
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?
When Will the Housing Market Crash?
Source: US News --- Any period of economic uncertainty can make a major financial decision, like buying a house, more stressful. Even times of economic confidence can seem like the perfect time for the bottom to fall out, and you don’t want your home to be collateral...
US home prices slide in November for fifth straight month
Source: Fox Business --- Home prices declined again in November as higher mortgage rates continued to weigh on consumer demand for new houses. Prices slid 0.6% nationally in the period from October to November, the fifth consecutive monthly decline, the S&P...
Zillow ranks Cleveland second hottest real estate market in the U.S. for 2023
Source: ABC 5 News Cleveland --- CLEVELAND — It is no secret that Cleveland rocks. Just ask anyone who lives here. But our hometown is in the national spotlight earning top marks when it comes to the real estate market and people looking to buy a home. Real estate...
Mortgage rate forecast for February 2023: Will the groundhog see the shadow of January rates?
Source: Bankrate --- Come February, Americans anticipate the activity of Punxsutawney Phil, the climate-forecasting rodent whose shadow will signal if winter will persist longer or be shorter. But weather isn’t the only thing we’re eager to get an expert forecast on...
Still house hunting? Here’s how to navigate Tampa Bay’s tough real estate market
Source: Tampa Bay Times --- This time last year, it seemed like the entire Tampa Bay area was caught up in a home buying frenzy. But as we enter 2023, the tide has changed considerably. High interest rates, stubborn inflation and the threat of recession have caused...
What is TRID in real estate?
Source: Bankrate --- Buying a home is a lot of things: exciting, daunting, anxiety-inducing. But there’s one thing it’s usually not: easy. That’s particularly true if you need to finance your purchase with a mortgage. Getting a handle on home-loan jargon can feel a...
Feds raises rate a quarter point, inflation still a concern
February 1, 2023 (Staff Writer) The U.S. Federal Reserve (Fed) announced its first decision of 2023 for the Federal Funds rate today. An increase of 0.25 percentage points, taking rates between 4.50% and 4.75% was approved and adopted. This is now the eighth...
Local real estate agent gives outlook for 2023
Source: WBRC --- BIRMINGHAM, Ala. (WBRC) - 2023 is bringing promising news to homebuyers. Experts say home prices are beginning to stabilize after a few rocky years, but this year experts say prices will not be as daunting. “It has been a crazy, incredibly competitive...
UWM Announces One-Time Close New Construction Loans
February 1, 2023 (Staff Writer) – United Wholesale Mortgage (UWM), the #1 overall lender in America, announced it will be offering One-Time Close New Construction loans, making the new build period as seamless as possible. Available today, this product provides LO’s...
Appraiser Qualifications Board Proposes New Fair Housing Education Requirements
Feb. 1, 2023 (Staff Writer) -- The Appraiser Qualifications Board this week released a First Exposure Draft of proposed changes to the Real Property Appraiser Qualification Criteria. If adopted, these proposed changes would make fair housing education courses a...
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