U.S. Housing Market
Freddie Mac’s Christmas Gift: Mortgage Rates Continue to Decline
The 30-year fixed-rate mortgage averaged 6.18% as of Dec. 24, down from last week when it averaged 6.21%. Continue Reading Freddie Mac’s Christmas Gift: Mortgage Rates Continue to Decline
Alabama Recorded Increase in Home Sales During November
The median sales price in Alabama grew by $39,275 year-over-year to $251,784, an 18.5% annual increase but a 0.6% drop month-over-month. Continue Reading Alabama Recorded Increase in Home Sales During November
Oak Creek Homes to Hold ‘Tax-Free Weekend Sale’ on Factory-Built Homes
“We can deliver homes to Texas, Oklahoma, Louisiana, Arkansas, and parts of New Mexico,” said the company in a press statement. Continue Reading Oak Creek Homes to Hold ‘Tax-Free Weekend Sale’ on Factory-Built Homes
New Report Finds NY Gov. Hochul Falling Short in 5-Year Affordable Housing Plan
Hochul allocated $25 billion in state investments to this initiative, which ends in 2027. Continue Reading New Report Finds NY Gov. Hochul Falling Short in 5-Year Affordable Housing Plan
Freddie Mac Expands CHOICEHome Mortgage Program to Single-Section Manufactured Homes
Freddie Mac (OTCQB: FMCC) announced the expansion of its CHOICEHome conventional financing options to include modern single-section manufactured homes. Previously, Freddie Mac provided multi-section factory-built homes with a 3% down payment option. As of today,...
Outlook on the Real Estate Appraisal Market in the United States to 2028
Feb. 1, 2023 (Staff Writer) -- The "The US Real Estate Appraisal Market: Analysis and Trends with Impact of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering. The US real estate appraisal market was valued at US$8.89 billion...
Quick Tips On Choosing Your Next New Hometown
If you’re planning to say goodbye to the big city in lieu of small-town life, congratulations. There are plenty of perks to living in an area with less than 50,000 people. Not only are you likely to have a lower cost of living, you might even find that the friends you...
Fannie Mae chief economist sees house prices falling in 2023 and 2024 — here are the warning signs that prices will drop in your city
Source: MorningStar --- Doug Duncan of Fannie Mae predicts how housing market perform in 2023, and reveals why he believes prices will fall this year The real-estate sector is in a quandary. The housing market was a wild rollercoaster ride that ended with a big fat...
2023’s top housing markets for first-time home buyers
Source: The Mortgage Reports --- What are first-time home buyers looking for? The last few years put first-time home buyers on a difficult road to homeownership. Between unprecedented price growth, fervid competition and tight for-sale inventory, it’s been tough...
Investors Are Easing Up on Home Buying in 2023. Here’s Why That’s a Good Thing
Source: The Ascent --- Did you spend 2022 watching the housing market and shaking your head sadly? You've no doubt got company there. But as we head deeper into 2023, there is one tiny bright spot: Redfin recently released some predictions for the 2023 housing market,...
92% of millennial homebuyers say inflation has impacted their purchase plans, but most are plowing ahead anyway, study shows
Source: CNBC --- Millennials — who are roughly ages 27 to 42 — are in their prime homebuying years. While the combination of high home prices and rising interest rates has caused affordability issues for many buyers, the situation is gradually improving. The median...
Can Miami Beach Stay Hot After Covid? The Shore Club Redevelopment Might Hold the Answer.
Source: Mansion Global --- Architect Robert A.M. Stern is best known for designing buildings for the wealthiest New Yorkers. Some of the largest residential deals in the U.S. have been at his towers overlooking Manhattan’s Central Park. Now, Mr. Stern’s eponymous firm...
National home prices have further to fall, say 24 leading housing market researchers—while 5 firms think prices have bottomed
Source: Yahoo! Sports --- On Jan. 10, researchers at Goldman Sachs downgraded their outlook for the U.S. housing market in a paper titled "Getting worse before getting better." Instead of U.S. home prices falling 4.1% in 2023, which was their November call,...
Inflation and housing market: Decoding latest number
Source: Longview News Journal --- There’s good news on the inflation front: December marked the sixth straight month that the U.S. rate of inflation has decreased. According to the latest figures from the U.S. Bureau of Labor Statistics, released Jan. 12, the Consumer...
Experts bash Goldman Sachs prediction of a 2008-level housing crash
Source: Axios --- A New York Post article reporting that Goldman Sachs has forecast a 2008-level housing crash in Phoenix sent ripples through the Valley's real estate industry last week. Yes, but: Local experts called the report "hyperbolic," "misleading" and "a...
Recent Posts
Hits and Misses for the Real Estate Week of Aug. 24-28- The Mortgage Market Is Healthy. That Doesn’t Mean Every Homeowner Is
- There Isn’t One U.S. Housing Market. We Need to Stop Talking Like The…
- Real Estate’s Next Fight Is Over Who Keeps the Homeowner Relationship
- More Borrowers Can Qualify for a Mortgage. That Doesn’t Make the Hous…
