U.S. Housing Market
Mortgage Rates Inch Up Again
The 30-year fixed-rate mortgage averaged 6.22% as of Nov. 6. Continue Reading Mortgage Rates Inch Up Again
Report: Real Estate Investors Will Pay Up to 35% Above the Median Sales Price
Investors in more affordable states were focused on lower-priced and entry-level homes. Continue Reading Report: Real Estate Investors Will Pay Up to 35% Above the Median Sales Price
Lizzo Makes Second Price Cut to Listing on Her Beverly Hills Estate
Lizzo acquired the 0.32-acre property from singer Harry Styles in 2022 for $15 million. Continue Reading Lizzo Makes Second Price Cut to Listing on Her Beverly Hills Estate
Hits and Misses for the Real Estate Week of June 9-13
The closing of HUD’s Los Angeles field offices by the ongoing riots, Ohio lawmakers kowtowing to the Cleveland Browns, and a real estate agent who keeps selling at 100. Continue Reading Hits and Misses for the Real Estate Week of June 9-13
New Bill Seeks to Give Ohio Counties the Ability to Cut Property Taxes
“Clearly, our taxpayers are telling us across Ohio that the current status quo is not working,” said Rep. David Thomas. Continue Reading New Bill Seeks to Give Ohio Counties the Ability to Cut Property Taxes
Millions of housing units are needed in the US
Source: The Real Deal --- One of the biggest reasons affordable housing isn’t available in the most expensive cities in the U.S. is because those localities aren’t permitting enough homes to be built in them, the Atlantic reports. Some areas have allowed housing to...
Are You Earning More in Your Savings Than What You’re Paying on Your Mortgage?
Source: The Ascent --- You'll often hear that it pays to pump extra money into your mortgage if you're able to do so. That way, you can pay off your home early and benefit from interest-related savings. But these days, some mortgage borrowers may be earning more...
10 Cities Where Home Prices are Falling the Most
Source: Yahoo! Money --- Today’s housing market couldn’t be more different from the sizzling market of 2020 and 2021. Instead of flying off the market as soon as they’re listed, a growing number of today’s houses are languishing — and to the dismay of homeowners,...
Investment Banking Giant Sounds a Warning: The Housing Market Has ‘Further to Fall’
Source: The Ascent --- There's a reason sellers have had such a huge advantage over buyers over the past few years. The real estate market has lacked inventory in a very big way. Meanwhile, the supply of available homes began to dwindle at a time when mortgage...
How Big Tech layoffs could impact some of the priciest housing markets
Source: The Hill --- A series of layoffs at America’s major technology companies could put pressure on local housing markets amid a broader nationwide cooling. These layoffs, brought on in part by a series of interest rate hikes from the Federal Reserve and a decline...
Where tighter monetary policy hits homeowners hardest
Source:Axios --- As central banks around the globe rapidly raise interest rates, policymakers outside the U.S. may find they pack more punch in terms of curbing demand. The reason boils down to the unique way Americans finance their homes. Why it matters: Americans...
Falling house prices will help the Fed tame inflation – but they also increase the risk of a prolonged economic downturn
Source: Markets Insider --- Housing could be about to become a key policy puzzle for the Federal Reserve. Market activity has fallen for nine consecutive months and home sales were down 28.4% in October from a year earlier, according to the National Association of...
10 Housing Markets Where Demand is Crashing Through the Floor
Source: Yahoo! Finance --- The housing market has been running red hot in recent years as more Americans buy homes while the supply has decreased. But there are some signs that the housing market is finally starting to cool down in some areas. In fact, housing demand...
Morgan Stanley slashes its U.S. housing market outlook—here’s where it sees the home price correction going in 2023
Source: Yahoo! --- On a national basis, home prices fell 1.3% between June and August. That marked the first decline measured by the lagged Case-Shiller National Home Price Index since 2012. It's more than just a small dip, it's a trajectory shift. At least that's...
Housing Breaks People’s Brains
Source: The Atlantic --- Anyone who’s been in a dumb recurring fight knows that the entire problem could be cleared up if everyone could just agree on exactly what was said or done. But you can’t, so you end up stuck in a cycle of relitigation. Housing-policy...
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