U.S. Housing Market
New Forecast Predicts Slight Decline in Q4 Apartment Rent Growth
acancy is expected to hold at 8.2% through the end of December before easing to 7.9% by the end of 2026. Continue Reading New Forecast Predicts Slight Decline in Q4 Apartment Rent Growth
Eagle Partners Acquires 350-Unit LA County Apartment Community for $107 Million
The community represents nearly 40% of all apartment inventory in Hacienda Heights. Continue Reading Eagle Partners Acquires 350-Unit LA County Apartment Community for $107 Million
Mortgage Rates Trickle Lower
The 30-year fixed-rate mortgage averaged 6.81% as of June 18. Continue Reading Mortgage Rates Trickle Lower
Gen Z Accounts for 12% of VA Purchase Loan Market
Gen Z homebuyers using VA loans are most concentrated near large military communities like San Antonio, Virginia Beach, and Colorado Springs. Continue Reading Gen Z Accounts for 12% of VA Purchase Loan Market
PNC Announces $208 Million Affordable Housing Fund
The fund includes investments from PNC and seven other financial services and insurance companies Continue Reading PNC Announces $208 Million Affordable Housing Fund
Is the housing market about to crash?
Source: MPA Mag --- Given the economic downshift seen this year, there is a question on virtually everyone’s mind: Is the housing market about to crash or in danger of collapsing soon? While nobody has a crystal ball to glimpse into the future, one pundit shared his...
Volatility Continues as Lumber Prices Normalize
Source: NAHB --- The prices of building materials decreased 0.3% in November (not seasonally adjusted) following 0.5% and 0.1% declines in September and October, respectively, according to the latest Producer Price Index (PPI) report. The index has decreased five of...
Real Estate Data: Is Mortgage Demand Falling As Buyers Respond To High Interest Rates, Low Supply?
Source: Forbes --- Key takeaways Mortgage applications fell 1.9% from the previous week for the week ending on December 2, with many potential homebuyers likely waiting to see what the rate hike announcements will be like this week. Mortgage rates fell for the fourth...
Pandemic gains in American wealth are melting away
Source: Axios --- Low-interest rates giveth, high-interest rates taketh away. What happened: American households saw the third consecutive quarterly decline in net worth during Q3, as stocks were pummeled by rising interest rates. Why it matters: Household net worth —...
Fed hikes interest rate by smaller 0.5 percentage point to curb inflation. But it predicts higher peak rates.
Source:USA Today --- WASHINGTON – The Federal Reserve is going slower but aiming higher. The Fed agreed to raise its key short-term interest rate by half a percentage point Wednesday, dialing back from recent outsize hikes as it draws up an end game in its aggressive...
Is the U.S. Headed for a Housing Market Crash in 2023?
Source: Newsweek --- High mortgage rates, soaring inflation, rapid growth over the past couple of years and other factors have been at the center of recent discussions on the fate of the U.S. housing market. Though some experts—such as Barry Sternlicht, CEO of the...
What’s Going On With the Housing Market?
Source: Mansion Global --- Home sales have plunged. Buyers, facing the fastest-rising mortgage rates in decades, are scrapping their plans. And forecasters have rarely disagreed so much over where the market goes next. By many measures, the housing market entered a...
Mortgage rates drop after CPI report, but the housing market is far from out of the woods
Source: CNBC --- The average rate on the 30-year fixed mortgage dropped to 6.28% Tuesday, according to Mortgage News Daily. It is now at the lowest level since mid-September. The decline came after a lower-than-expected reading of the November’s consumer price index,...
‘The Worst Is Over’ for Mortgage Rates Despite Another Looming Fed Hike, Experts Say
Source: Next Advisor --- The Federal Reserve is going to raise interest rates this week, but that doesn’t mean mortgage rates are going up. Mortgage interest rates have been on a wild ride this year, climbing above 7% for several weeks in October and November....
Housing Market Downturn – Is A Recession On The Horizon?
Source: Forbes --- The second half of 2022 has seen declining house prices. However, prices remain up year-on-year based on steady price gains in the first half of the year. The decline in pricing is, in part, driven by higher mortgage rates hitting affordability of...
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