U.S. Housing Market
New Bill Would Retroactively Restore Flood Insurance Coverage Lost in Government Shutdown
The legislation will backdate reauthorization of the program to Sept. 30, 2025, while extending the program’s authorization until Dec. 31, 2026. Continue Reading New Bill Would Retroactively Restore Flood Insurance Coverage Lost in Government Shutdown
Realtor.com Launches Spotlight Listings to Help Agents Maximize Listing Visibility
Realtor.com has also enhanced its Local Expert product. Continue Reading Realtor.com Launches Spotlight Listings to Help Agents Maximize Listing Visibility
Report: Median Home-Sale Price at New High, But Remains Below Median Asking Price
Redfin noted that homes are selling for below their asking price due to greater quantity of sellers than buyers Continue Reading Report: Median Home-Sale Price at New High, But Remains Below Median Asking Price
2,500-Home Community Planned for Austin Suburb
Construction on phase one of the infrastructure is currently underway. Continue Reading 2,500-Home Community Planned for Austin Suburb
Toll Brothers Apartment Living Opens New Luxury Community Outside of Dallas
The new community features 364 residences in a mix of studio, one-bedroom, and two-bedroom floor plans. Continue Reading Toll Brothers Apartment Living Opens New Luxury Community Outside of Dallas
Bank of America CEO Issues Dire Warning for Housing Market: Prepare for 2 More Years of Pain
Source: The Ascent --- It's been a really tough go for prospective home buyers since mid-2020. For the past two years and change, the real estate market has sorely lacked inventory. That's driven home prices upward and forced buyers into countless bidding wars. This...
Experts Predict What The Housing Market Will Look Like In 2023
Source: Forbes --- The housing market is sending clearer signals that historically low mortgage rates and the home-buying frenzy have come to an end. As we near the end of 2022, here’s a look at the expectations of real estate experts for 2023. Danielle...
Housing Market Recession: Home Builder Sentiment Tanked Every Month This Year—But There’s Finally A ‘Silver Lining’
Source: Forbes --- Home builder confidence plunged every single month this year as higher interest rates weakened demand in the formerly booming housing market, the National Association of Home Builders reported Monday, but with the Federal Reserve finally starting to...
U.S. home builder gloom persists, but some hope seen for next year
Source: Reuters --- Dec 19 (Reuters) - Confidence among U.S. single-family home builders fell for a record 12th straight month in December as even a scramble to offer incentives for prospective buyers failed to boost traffic and lift sales in today's high-inflation,...
Bank of America CEO Issues Dire Warning for Housing Market: Prepare for 2 More Years of Pain
Source: The Ascent --- It's been a really tough go for prospective home buyers since mid-2020. For the past two years and change, the real estate market has sorely lacked inventory. That's driven home prices upward and forced buyers into countless bidding wars. This...
Home Prices Could Fall 20%. Here’s Why That Doesn’t Necessarily Make Them Affordable
Source: The Ascent --- It's been a wild couple of years for the housing market, from price increases due to a lack of housing supply and skyrocketing demand, to this year's mortgage rate spike. New data from the Dallas Fed suggests that we could be facing a housing...
After the most recent Fed rate hike, where are mortgage rates headed?
Source: KCRA News --- WASHINGTON — The Federal Reserve hiked its benchmark lending rate this week for the seventh time this year, capping a year of intense pressure on the housing market that pushed mortgage rates above 7% for the first time since 2002. But now that...
15 Countries With Highest Interest Rates
Source: Yahoo Finance --- In this piece, we will take a look at the 15 countries with the highest inflation rates. For more countries, head on over to 5 Countries With Highest Interest Rates. The Federal Reserve launched a spree of rate hikes in 2022 amid record...
‘A welcome development’: As mortgage rates decline for a fifth week, experts say the market has tipped ‘a bit further in favor of buyers’ despite continued ‘affordability hurdles’
Source: Yahoo! --- Mortgage rates continued to weaken for the fifth week in a row, after the Fed announced its seventh rate hike of the year. Sam Khater, Freddie Mac’s chief economist, points to “softer inflation data and a modest shift in the Federal Reserve’s...
‘Supply problem’ is keeping housing unaffordable, expert says
Source: Yahoo! Money --- While many forecasts point to home prices declining next year amid slowing home sales, housing will remain unaffordable for many homebuyers, according to one expert. "We have a supply problem with housing," Marc Norman, associate dean at the...
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