U.S. Housing Market
Florida Home Sales Up While Prices Decline
The statewide median sales price for single-family existing homes in November was $410,000, down by a mild 0.2% compared to one year before. Continue Reading Florida Home Sales Up While Prices Decline
New York State Home Sales Decline as Prices Keep Rising
The median sales price increased 5.0%, rising from $400,000 in November 2024 to $420,000 last month. Continue Reading New York State Home Sales Decline as Prices Keep Rising
Case-Shiller: Home Price Momentum Continues to Slow
The FHFA reported home prices were down in May by 0.2% month-over-month, but were up 2.8% year-over-year. Continue Reading Case-Shiller: Home Price Momentum Continues to Slow
Report: Increase in Home Equity Originations, Debt Outstanding During 2024
Last year, roughly 39% of borrowers cited debt consolidation as the reason for applying for a home equity loan, compared to 25% during 2023. Continue Reading Report: Increase in Home Equity Originations, Debt Outstanding During 2024
Turnbridge Equities to Launch Construction on 37-Story Luxury Tower in Raleigh
The property will also feature approximately 7,500 square feet of retail space on the ground floor. Continue Reading Turnbridge Equities to Launch Construction on 37-Story Luxury Tower in Raleigh
Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry
Source: Morning Star --- The real-estate sector is in crisis amid the housing downturn. Expect more pain to come before things start to normalize, one housing chief says The real-estate sector is in crisis amid the housing downturn. Expect more pain to come before...
San Diego housing market 2023
Source: Bankrate --- As we head into the new year, the housing market across the country has started to cool, thanks in large part to the Fed’s continual interest rate increases. Still, though, anyone who’s ever lived in California knows that real estate here is...
Redfin CEO predicts ‘terrible consolidation’ in the real-estate sector, but says it will ultimately be good for the industry
Source: Market Watch --- The real-estate sector is in crisis amid the housing downturn. Expect more pain to come before things start to normalize, one housing chief says. “There’s going to be a terrible consolidation,” Glenn Kelman, CEO of real-estate brokerage...
Real Estate Trends: Pending Homes Sales Have Declined For Six Months Straight – Will Prices Finally Drop?
Source: Housing Wire --- Key Takeaways November 2022 pending home sales decreased 4% compared to October and 38% compared to a year ago. Many factors are leading to the slowdown, including high interest rates, fears of a recession, and unprecedented home sales in the...
Texas housing market: Everything you need to know
Source: Bankrate --- Texas, the country’s second-most populous state, is a top relocation destination for people seeking an affordable cost of living and below-average housing prices. In fact, Texas had the largest population growth of any U.S. state in 2021,...
Lumber market must weather a `treacherous’ 2023 after last year’s staggering 66% price crash as a US housing slump deepens
Source: Insider --- Lumber prices plunged 66% last year as the once red-hot US housing market faltered – and the commodity's troubles will likely continue in 2023, according to strategists. The Federal Reserve's campaign to quell inflation fueled an unprecedented...
Hawaiʻi sees more out-of-state homebuyers; Canadians, Californians purchase on Maui
Source: MauiNow --- More out-of-state residents bought Hawaiʻi houses in the first three quarters of last year compared with the same time in previous years, according to a state report. The report showed about 25% of single-family homes from January to September of...
Got Cash? Opportunities Abound for Home Buyers in San Francisco
Source: Mansion Global --- The drumbeat of layoffs at companies such as Meta, Robinhood, Adobe, Salesforce and Twitter is especially loud in the San Francisco Bay Area, one of the most expensive housing markets in the U.S. and a major tech hub. While real estate...
MONTANA ADVISOR OFFERS COMMERCIAL REAL ESTATE PREDICTIONS FOR 2023
Source: Missoula Current --- (Sterling CRE) In 2023, Montana CRE investors, owners, tenants and developers are seeking answers after a volatile year. As we look ahead, here are trends we predict will shape the commercial real estate market in Montana. Knowing what’s...
Housing market predictions for next 5 years: US homes
Source: Capital.com --- US house prices are set to decline in the next few years after a 40% boom during the Covid-19 pandemic, with rising interest rates increasing the cost of mortgages for new buyers. However, prices are unlikely to fall as they did during the 2008...
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