U.S. Housing Market
Report: Nationwide Mortgage Delinquency Rate at 4-Year High
609,000 borrowers who were current on payments in October became delinquent in November, marking the largest single-month inflow since May 2020. Continue Reading Report: Nationwide Mortgage Delinquency Rate at 4-Year High
Bank of America Allocates $10 Million in Zero-Interest Loans to LA Wildfire Victims
Genesis LA will originate loans to support homeownership, economic development, and nonprofit facilities in the Altadena and Pasadena areas. Continue Reading Bank of America Allocates $10 Million in Zero-Interest Loans to LA Wildfire Victims
Which States Benefit the Most from Ending Capital Gains Tax on Home Sales?
Mississippi homeowners have the least to gain in this scenario. Continue Reading Which States Benefit the Most from Ending Capital Gains Tax on Home Sales?
Hits and Misses for the Real Estate Week of July 28-Aug. 1
The Fed ignores the president, FICO lobbies Congress, and Grant Cardone needs a CFO. Continue Reading Hits and Misses for the Real Estate Week of July 28-Aug. 1
Lennar Begins Home Sales at New Florida Community
The community includes a 55+ active adult section. Continue Reading Lennar Begins Home Sales at New Florida Community
U.S. Existing-Home Sales Slid Last Year as Interest Rates Surged
Source: Mansion Global --- U.S. existing-home sales fell last year to their lowest level since 2014, as surging mortgage rates made home purchases too expensive for many buyers. Sales of previously owned homes, which make up most of the housing market, slid 17.8% in...
US home sales slump to record low in 12 years
Source: India Today --- US existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious optimism that the embattled housing market could be close to finding a floor. The report from the National Association of Realtors on...
Home Sale Prices Increase Incrementally with Lower Mortgage Rates, Redfin Reports
Source: Mortgage Orb --- The median U.S. home-sale price increased 0.9% from a year ago to $350,250 during the four weeks ending January 15, the biggest increase in a month, according to a new report from Redfin. Prices remain elevated because buyer activity has...
U.S. home sales drop to 12-year low; price growth cools
Source: Investing.com --- WASHINGTON (Reuters) - U.S. existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious hope that the embattled housing market could be close to finding a floor. The report from the National...
Housing Market Predictions for the Next 5 Years Promise Lots of Surprises
Source: US News --- Over the next five years, look for several important trends accelerated by the COVID-19 pandemic to begin having lasting impacts on real estate and land use, many of which will impact the demand and supply in regional housing markets. Whether due...
2022 Was Slowest Year for US Home Sales in Nearly a Decade
Source: US News --- LOS ANGELES (AP) — U.S. home sales tumbled to the slowest pace in nearly a decade as soaring mortgage rates and sky high prices in 2022 pushed homeownership out of reach for many Americans. The National Association of Realtors said Friday that...
US recession – what impact will it have on the housing market?
Source: MPA Mag --- A potential recession this year will yield challenges for the real estate market, according to researchers at CBRE. Market researchers provided their predictions during the recent CBRE US Real Estate Outlook for 2023, designed to provide...
Rocket Mortgage Introduces Purchase Plus, a Special purpose credit program that offers up to $7,500 in lender credits for first-time buyers in underserved communities
Special purpose credit program offers up to $7,500 in lender credits for first-time buyers in underserved communities to eliminate a significant hurdle to homeownership “Homeownership has a significant impact on strong communities and the creation of generational...
Builder Confidence Uptick Signals Turning Point for Housing Lies Ahead
Source: NAHB --- A modest drop in interest rates helped to end a string of 12 straight monthly declines in builder confidence levels, although sentiment remains in bearish territory as builders continue to grapple with elevated construction costs, building material...
US Housing Will Be a Bellwether 2023 Market
Source: MacroHive --- Summary The US housing market is poised for a tough couple of years. A mix of challenging supply/demand dynamics, combined with stretched affordability and deteriorating sentiment, will weigh on the market. Introduction US housing is one of the...
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