U.S. Housing Market
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
Q4 Renter Population Up by Less Than 1%
Home prices are more than 40% above pre-pandemic levels and rent prices are roughly 20% above pre-pandemic levels. Continue Reading Q4 Renter Population Up by Less Than 1%
Mortgage Applications Down, Homeowner Equity Up
“Overall, purchase application volume is up 6% compared to last year at this time,” said MBA’s Mike Fratantoni. Continue Reading Mortgage Applications Down, Homeowner Equity Up
Report: Las Vegas Has Greatest Shortage of Affordable Housing for Extremely Low-Income Renters
Dallas, Austin, San Diego and Houston also have shortages of affordable housing. Continue Reading Report: Las Vegas Has Greatest Shortage of Affordable Housing for Extremely Low-Income Renters
‘SQUEEZED OUT’: Corporate investors swoop into Bartholomew County’s housing market
Source: The Republic --- Corporate investors have squeezed into Bartholomew County’s tight housing market, buying up dozens of homes and turning them into rentals in what analysts say is a nationwide trend that is making it harder for many first-time buyers to find...
Will Housing Prices Flatten — or Collapse?
Source: The Washington Post --- Home price appreciation is slowing fast across the country under the weight of higher mortgage rates, with typical property values even falling month-over-month in about a fifth of major metro areas in July. Clearly, the slowdown is...
Tough market: Rising mortgage rates making home buying harder
Source: Housing Wire --- The Rio Grande Valley was already struggling with housing affordability, and now higher mortgage interest rates are making it worse. That’s according to a new study from the Texas Real Estate Research Center of Texas A&M University, which...
Warren Buffett Says Real Estate Is a Lousy Investment: Why He’s Wrong
Source: The Motley Fool --- Buffett is a shrewd investor, but he's off the mark on real estate. Given that he's a billionaire many times over, it's fair to say that Warren Buffett knows a lot about being a successful investor. After all, he's made a name for himself...
US real estate market may be cooling, depending on who you ask
Source: ABC News --- Just a few months ago, the real estate market was favorable to people selling homes. The amount of buyers was increasing, the number of listings were down and interest rates were dropping, it seemed, across the country. Now, brokers are saying the...
Guess How Many of Us Hope for a Housing Crash
Source: The Street --- With home prices and mortgage rates soaring, it would seem that something has to give. So it may not surprise you to learn that 78% of Americans expect a housing-market crash, according to a study by Consumer Affairs, a consumer information...
Fair Housing: Problem Ran Deeper than Redlining
Source: Florida Realtors --- Discrimination tends to find loopholes. In the 1960s, Blacks bought homes using a land contract – but sellers held the deed and could evict for one missed payment. CHICAGO – If Robert York was ever bone tired, he didn’t show it. After...
Average mortgage debt rose 14% over the past 5 years
Source: Rome News Tribune --- The average mortgage debt held by American homeowners has risen 14%, according to Experian data. At the end of 2021, the average mortgage balance was $223,952 in the U.S., up from an average of $196,403 for the same time period in 2017. ...
The Great Real Estate Tumble Of 2022
Source: Forbes --- “A 1970s Type of Housing Market is Possible in Future” We now have a “Triple Whammy” in 2022. In addition to the stock & bond market’s volatile woes, housing just delivered it’s worst two month hit since 2008 and wiped out over a year’s worth of...
Is Real Estate a Good Investment?
Source: Nasdaq --- Investing in real estate has plenty of benefits. A steady flow of extra income, relatively low volatility and the appreciation in the value of properties are factors that make real estate a good investment. But, there are also some downsides. Real...
