U.S. Housing Market
Mortgage Rates Dip, Homebuyer Affordability Up Slightly
The national median payment applied for by purchase applicants dropped to $2,172 from $2,211 in May. Continue Reading Mortgage Rates Dip, Homebuyer Affordability Up Slightly
Tri Pointe Homes Opens First Community in Utah
The company plans to create four additional communities across Salt Lake, Utah, and Wasatch counties. Continue Reading Tri Pointe Homes Opens First Community in Utah
Zillow: Sellers with Privately Listed Homes Typically Lost Nearly $5,000
Zillow’s survey data found Hispanic and Black home sellers are more often guided toward listing their homes privately by agents. Continue Reading Zillow: Sellers with Privately Listed Homes Typically Lost Nearly $5,000
Report: Gen Z and Millennial Homeownership Rates Plateaued in 2024
72.9% of Gen Xers owned their home in 2024, up from 72% in 2023. Continue Reading Report: Gen Z and Millennial Homeownership Rates Plateaued in 2024
New Alabama Law Changes Timing of Buyer Agreements
“Great news! Governor Kay Ivey has officially signed HB 230 into law!” announced the Alabama Association of Realtors. Continue Reading New Alabama Law Changes Timing of Buyer Agreements
What’s the answer to the U.S. housing crisis? Why national experts have eyes on Utah
Source: Deseret News --- It’s time to get serious about the U.S. housing supply crisis — a leading issue at the heart of the nation’s record high home prices, low rental vacancy rates and affordability problems. That was a key takeaway from a webinar hosted Thursday...
US housing markets are slowing. Is Florida the exception?
Source: Tampa Bay Times --- After two years of near-nonstop growth, housing prices may have finally peaked in some U.S. cities, according to data from Florida Atlantic University. Still, experts predict that Florida’s real estate market will remain strong compared to...
Best US real estate markets in 2022, according to new report
Source: Wallet Hub --- Whether you’re joining the real-estate business or just looking for a place to call home, it’s important to get a handle on the housing markets you’re considering before investing in a property. This year, the housing market is skewed much more...
Where the U.S. housing market goes next, as told by two charts
Source: Fortune --- This spring, the Fed dusted off the ole inflation-fighting playbook. It goes like this: The central bank applies upward pressure on long-term interest rates—including mortgage rates—through signaling that short-term rates will soon rise. Those...
A ‘buyers’ market’ for homes is still elusive in the US
Source: Financial Times --- The US housing market is cooling faster than expected, as supply-chain issues continue to bite in that sector, according to Goldman Sachs. The bank expects US home-price increases to decelerate through the rest of this year and then...
Eyeing a New Home? Experts Say You Should Budget for These Costs Even as Housing Prices Begin To Drop
Source: GO Banking Rates --- Home prices in the United States continue to drop amid a slowdown in demand tied partly to rising mortgage rates, but homes are still less affordable now than at any time in the past 30 years. For potential buyers, it means paying close...
Texas Dominates Top U.S. Housing Markets: Study | Tacoma News Tribune
Source: UWGB --- To rank local real estate markets, WalletHub measured housing-market attractiveness and economic strength. With mortgage rates and home prices still way above pre-pandemic levels, despite moderating in recent months, prospective home buyers are having...
The U.S. housing market downturn will be worse in 2023, forecasts Goldman Sachs
Source: Fortune --- The U.S. entered into its first housing downturn of the post–Great Financial Crisis era. And the worst still awaits. On Tuesday, researchers at Goldman Sachs released a paper titled “The Housing Downturn: Further to Fall.” The investment bank now...
Mortgage Rates Rise to 5.66%, Weighing on Housing Market
Source: US News --- WASHINGTON (AP) — Average long-term U.S. mortgage rates rose to their highest level in two months this week, providing no relief for a slumping housing market. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 5.66% from...
Fed seen sticking to interest rate hikes even as unemployment rises
Source: Reuters --- The Federal Reserve is seen sticking to sharp interest rate hikes in coming months to cool inflation, but rising U.S. unemployment and a slowdown in wage growth has traders betting that borrowing costs next year may not end up quite as high as...
