U.S. Housing Market
Florida Announces Final Judgment Against MV Realty’s Homeowner Scam
“MV Realty scammed thousands of Florida homeowners, and now justice has prevailed,” said Attorney General James Uthmeier. Continue Reading Florida Announces Final Judgment Against MV Realty’s Homeowner Scam
Hits and Misses for the Real Estate Week of Dec. 15-19
Presidential promises of a stronger housing market, dead Colorado residents getting HUD benefits, and Jeremy Allen White’s real estate obsession. Continue Reading Hits and Misses for the Real Estate Week of Dec. 15-19
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
New Report Details Skyrocketing NYC Rental Housing Costs
Danielle Hale, chief economist at Realtor.com, question the viability of Zohran Mamdani’s rent freeze campaign pledge. Continue Reading New Report Details Skyrocketing NYC Rental Housing Costs
High and dry in Manhattan: buyers and sellers in housing market stand-off
Source: Financial Times --- Charlotte, who is in her late sixties and impatient to move to Florida, has cut the price of her two-bedroom Upper East Side apartment by a fifth, to $2mn. After three months without a suitable offer, Amy Schwab Owens gave up trying to sell...
First American cites 2023 housing market optimism
Source: The Title Report --- First American Financial Corp. released its Potential Home Sales Model for November 2022, measuring what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals. Data pointed to...
US housing price slowdown continues as mortgage financing poses headwind
Source: S&P Global --- U.S. home prices rose 9.2% year over year in October 2022, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index. Despite the annual rise in home prices during the month, the price hike was still weaker compared...
What’s Ahead for the U.S. Housing Market?
Source: Knowledge at Wharton --- The U.S. housing market last year bore the brunt of higher mortgage rates that rode spiraling inflation in the broader economy, but that will change this year, according to Susan Wachter, Wharton professor of real estate and finance....
US real estate has ‘monumental opportunity’ to solve housing crisis in 2023: Expert
Source: Fox Business --- With the New Year comes new opportunities – and one real estate developer and CEO signaled there’s untapped potential in the sector that could make investors big bucks while solving an affordable housing crisis. "This sits as a monumental...
Housing Market Trends and Predictions for the Next 5 Years: 2022 to 2026
Source: Total Mortgage --- The housing market is one of those asset classes that get better with time. Historically, home values rise even if there are stretches in between when the market slows down. For example, in the five-and-a-half decades leading up to 2022,...
Mortgage Lenders: The 2023 Purchase Market Is Your Moment
Source: Forbes --- It’s time for mortgage lenders to stop comparing 2022 volume and 2023 projections to the refinance-fueled record fundings of 2020 and 2021. The pandemic refi boom is long over, and while home buyers who need mortgages are still absorbing this year’s...
Layoffs, sluggish markets signal rough start to 2023
Source: The Real Deal --- The sky isn’t falling as we enter 2023 when it comes to real estate, but there aren’t a whole lot of rainbows up there, either. A number of stories last week point to the year shaping up to be a rough one. Compass, the No. 1 residential...
Buying a home became a key way to build wealth. What happens if you can’t afford to?
Source: NPR --- Rebecca Bush started her home search in January of 2020. "I thought maybe I'll find the perfect house in the next couple of months, and then it will line up with when my lease ends," the 27-year-old says. "Obviously we all know what happened in March."...
With the housing market ‘fizzled out,’ 2023 is off to the worst start in decades — but here’s why analysts are dreaming of a mild spring
Source: Yahoo! --- Homebuyers hoping for a better climate in 2023 have longer to wait, as they now face the highest mortgage rates to start a new year since 2002. However, analysts remain hopeful that today’s volatile rates will stabilize in the coming months. “While...
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