U.S. Housing Market
New Record High for Delaware’s Median Sales Price
Delaware recorded 1,300 home sales during June, a slight 0.7% uptick from the 1,291 transactions recorded in May. Continue Reading New Record High for Delaware’s Median Sales Price
Starter Homes Sales and Prices on the Rise
The typical starter home sold for a record $260,000 last month, up 3.1% from June 2024. Continue Reading Starter Homes Sales and Prices on the Rise
Shopoff Realty Investments Acquires California Industrial Property for Residential Development
The company announced that $49 million in acquisition financing for the project was secured with support from JLL Capital Markets. Continue Reading Shopoff Realty Investments Acquires California Industrial Property for Residential Development
Realtor.com: Drop in Multifamily Permitting Could Spur Hike in Rents
Demand for larger rental units has grown because fewer renters are seeking to become first-time homebuyers Continue Reading Realtor.com: Drop in Multifamily Permitting Could Spur Hike in Rents
RE/MAX: Home Sales Up 8.4% in February
The $423,000 median sales price was only $3,000 (0.6%) higher than January’s level. Continue Reading RE/MAX: Home Sales Up 8.4% in February
Failing to qualify, or just cold feet? More homebuyers backing out of deals in 2022
Source: First Tuesday Journal --- More buyers backing out Real estate deals are faltering as home sales volume continues its downward path. In June 2022, roughly 60,000 home sales fell through nationwide, translating to 14.9% of homes under contract. This is the...
Interest Rate Increases, Inflation, and the Real Estate Cycle
Source: JD Supra --- In the nineteenth century, a musical genre known as the song cycle developed. Consisting of individually complete vocal songs, collectively, a song cycle Composer Franz Schubert’s cycles of German lieder (musical compositions sung by a soloist...
Home ownership and the “American Dream” are crushed by Real Estate Investment Trusts
Source: Tennessee Lookout--- A big economic division between renters and homeowners is apparent when looking at net worth: For homeowners, the median net worth of $231,400 is about 44 times the median net worth of renters, which is $5,200. Dr. Ken Chilton of Tennessee...
OPINION: Tiny homes offer one solution to the housing crunch
Source: The Lewiston Tribune --- An old conservative rhetorical device is to claim that whatever problem you are facing could be solved by just “getting government out of the way.” As with most phrases that fit on bumper stickers, “get government out of the way” is...
Why the housing market is in recession in terms of sales — but not prices
Source: Deseret News --- July was an even more sluggish month for the U.S. housing market as sales of previously owned homes slipped by 6% from June and a whopping 20.2% year over year. Home prices are still high, though, with the median existing home sales price up...
Recession Watch: It Doesn’t Seem Imminent—But The Housing Market Collapse Deepens As Fed Officials Warn ‘Economy Will Slow’
Source: Forbes --- Cooling inflation has helped temper concerns of an imminent recession, particularly as the job market continues to show historic strength, but a worsening housing market collapse and vast uncertainty over the course of the Federal Reserve’s interest...
Why the rental housing market is so deeply broken
Source: Axios --- America's housing market is broken, but the deep and structural problems can't be fixed with technology. Why it matters: The U.S. is in desperate need of more high-quality rental housing. Homeownership works for many — and doesn't work at all for...
Just 2 in 10 Americans Think It’s a Good Time to Buy a Home. Here Are 3 Tips Sellers Need to Know
Source: The Motley Fool--- For the past year and change, sellers had it pretty easy given the state of the real estate market. Basically, all they really had to do was list a home, and boom -- they'd commonly be bombarded with eager buyers looking to pay above asking...
How to Recognize a Good Real Estate Agent
Source: Digital Journal --- Are you wondering how to recognize a good real estate agent? Here are some signs to look for. A good real estate agent should be personable, have a positive attitude, and be interested in helping you. The following are some traits to look...
Should You Rent Now or Wait Until the Fall?
Source: New York Times --- In the past, the conventional wisdom for renters this time of year has been to sit tight for a few weeks. But this is not a normal market. Q: Our 25-year-old daughter lives in a rental with roommates in the Fairmount section of Philadelphia....
