U.S. Housing Market
Maine’s Housing Market was a November to Forget
The state reported a median sales price of $399,000 for single-family existing homes sold in November. Continue Reading Maine’s Housing Market was a November to Forget
Pennsylvania Home Sales Down While Prices Keep Rising
The Pennsylvania median home price was up 5.2% year-over-year to $305,000, compared to $290,000 in November 2024. Continue Reading Pennsylvania Home Sales Down While Prices Keep Rising
Newsom Issues Executive Order Curbing Housing Density in Fire-Impacted Areas
Los Angeles Mayor Karen Bass issued a similar executive order. Continue Reading Newsom Issues Executive Order Curbing Housing Density in Fire-Impacted Areas
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
Homebuilders may finally be turning a corner as inflation stabilizes and lower mortgage rates bring buyers back into the market
Source: Insider --- The home buying frenzy that took place throughout much of the pandemic drove the nation's home prices to historic highs, further escalating the country's ongoing housing shortage and affordability crisis. But as inflation eases, bolstering...
Why US home prices will fall another 10 percent, according to Harvard economist
Source: New York Post --- Pain across the US housing market that began last year is likely just getting started if interest rates remain high, star economist Ken Rogoff warned on Tuesday. Rogoff, a professor at Harvard University and former top economist at the...
Fed policymakers call for further rate hikes to beat inflation
Source: Reuters --- Jan 18 (Reuters) - Federal Reserve policymakers on Wednesday signaled they will push on with more interest rate hikes, with several supporting a top policy rate of at least 5% even as inflation shows signs of having peaked and economic activity is...
Midwest shines as US housing market remains gloomy
Source: The Salem News --- With mortgage rates spiking above 7% for the first time in 20 years, the pandemic-fueled housing boom came to a screeching halt in 2022. The after-effects of easy monetary policy, skyrocketing energy prices, and supply chain issues converged...
A Final Take on Housing for 2022 and Another Promise of Falling Inflation Top the Week’s Economic Data
Source: US News --- Just how badly did the housing market end 2022? That may be clear this week as a bevy of reports for December are released that will shed some light on the housing market: the number of new permits issued and homes on which construction has begun,...
California voters approve new measures to combat housing shortage locally
Source: firsttuesday Journal --- When it comes to California’s housing crisis, residents are saying enough is enough. Last November, Californians voted on transformative housing measures in their cities amid a long-simmering statewide shortage. The 2022 midterm...
‘Housing will remain weak throughout the winter,’ economist says
Source: The Salem News --- There is one troubling word that Freddie Mac's chief economist Sam Khater uses to describe the winter 2023 housing market: weak. "The housing market remains in the doldrums with declining sales, inventory and prices," Khater said in a...
Up from here? The free fall in housing market activity just concluded, says Capital Economics
Source: Fortune --- Not only did spiking mortgage rates prompt the Pandemic Housing Boom to fizzle out in the summer of 2022, they also pushed housing market transactions into free-fall mode. By December, mortgage purchase applications were down over 40% on a...
What Past Recessions Tell Us About the Housing Market
Source: Keeping Current Matters --- It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them...
These are the Most Vulnerable Housing Markets in America Right Now
Source: Yahoo! Finance --- There are some savvy money moves to make if you earn $5,000 a month, including saving up to buy a home. However, the real estate market has been volatile in recent years, meaning there are a lot of unpredictable factors folks have to...
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…
