U.S. Housing Market
Ohio Governor Signs 5 Property Tax Relief Bills into Law
Gov. DeWine said the bills provide “meaningful relief” compared to a potential ballot measure that would eliminate property taxes. Continue Reading Ohio Governor Signs 5 Property Tax Relief Bills into Law
Pittsburgh City Council Approves 20% Property Tax Hike
Mayor Ed Gainey has 10 days to decide whether to accept or veto the spending plan. Continue Reading Pittsburgh City Council Approves 20% Property Tax Hike
Number of DC-Area Homes for Sale Up 22.7% from Last Year
Only about one-third (35.7%) of homes sold over asking price, down from nearly half (47.8%) a year earlier. Continue Reading Number of DC-Area Homes for Sale Up 22.7% from Last Year
Finally—A Bipartisan Housing Bill That Actually Makes Sense
But let’s be clear: this isn’t about more regulation. It’s about getting government out of the way. Continue Reading Finally—A Bipartisan Housing Bill That Actually Makes Sense
Homebuyer Assistance Programs Reach New Record High During Q2
There are currently 2,554 homebuyer assistance programs operating today. Continue Reading Homebuyer Assistance Programs Reach New Record High During Q2
What is a seller’s market?
Source: Bankrate --- In real estate, a seller’s market is just what the name implies: an overall market that favors sellers over buyers. If you want to sell your house, doing so in a seller’s market means you can likely price it relatively high and sell it relatively...
How and When Will Housing Rebound?
Source: NAHB --- NAHB Chief Economist Robert Dietz recently provided this housing industry overview in the bi-weekly e-newsletter Eye on the Economy. Housing data for the end of 2022 illustrate a market continuing to weaken because of low housing affordability,...
US real estate market in ‘big trouble,’ expert warns
Source: Fox Business --- As the Federal Reserve continues its hawkish market reset – which has contributed to a rise in interest and mortgage rates – real estate experts are sounding the alarm that "big trouble" lies ahead for the U.S. market. "When you have a rise...
What will U.S. house prices look like in 2023?
Source: The Week --- Amid peaking prices due to inflation and murmurs of an upcoming recession, you might be wondering: What's up with the housing market for 2023? Mortgage rates started to decline in the final weeks of 2022, and demand for housing is similarly...
Good news for homebuyers: The housing market is showing signs of ‘normalizing’
Source: Market Watch --- The housing market is showing signs of ‘normalizing,’ according to a new report. The latest monthly report by Realtor.com, which tracks the housing market as of December, said that the number of home listings were growing and were also...
When Will Housing Prices Drop?
Source: US News --- For just about any homeowner, talk of falling housing prices can spark panic. With homeownership being the major financial and personal investment it is, there's a natural anxiety that comes with any potential threat to that investment....
The U.S. Housing Market, Part 2: Looking Ahead To 2023
Source: Seeking Alpha --- Summary The main determinants of housing demand in the short run are the level and direction of mortgage rates and the strength of the job market. Homebuilders have responded to the drop in new home sales by reducing housing starts, and this...
Real Estate Trends: Increasing Interest Rates Continue To Drive Down Mortgage Demand
Source: Forbes --- Key takeaways Mortgage demand for purchases is down 41% year-over-year, and refinance demand is down 84% year-over-year. Housing prices are higher than a year ago, and experts believe they will continue to climb overall, with some areas seeing price...
US housing market funk has lumber traders expecting rally to fizzle
Source: The Business Times --- THE chill in North America’s housing market has lumber traders saying the commodity’s recent rally may not have much more room to run. Benchmark futures in Chicago rose as much as 6.1 per cent to US$418.80 per 1,000 board feet on...
The uneasy US housing stalemate
Source: Financial Times --- Spare a thought for the American first-time homebuyer, for whom things have rarely looked so grim. US home prices rose 40 per cent during the pandemic. Mortgage rates haven’t been this high in 15 years. Wages are higher, but not nearly...
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…
