U.S. Housing Market
Hits and Misses for the Real Estate Week of July 21-25
Cutting capital gains taxes on houses, cutting millions in consulting fees, and cutting out talk about property tax hikes. Continue Reading Hits and Misses for the Real Estate Week of July 21-25
Flood Insurance Relief Legislation Reintroduced in Congress
The bill’s proposed deduction would not apply to individuals who have a gross income of more than $200,000 or $400,000 for joint filers. Continue Reading Flood Insurance Relief Legislation Reintroduced in Congress
New Rental Home Community Opening in Phoenix
Rents start at $2,710 per month. Continue Reading New Rental Home Community Opening in Phoenix
HUD and Interior Team to Identify Federal Lands for Developing Affordable Housing
20% of the nation’s landmass is owned by the Department of Interior. Continue Reading HUD and Interior Team to Identify Federal Lands for Developing Affordable Housing
Tariff Agita Drives Down Builder Confidence Levels
“Construction firms are facing added cost pressures from tariffs,” said NAHB Chief Economist Robert Dietz. Continue Reading Tariff Agita Drives Down Builder Confidence Levels
Here are the 5 most ‘overvalued’ housing markets in the US — they could even see prices plunge 15% to 20% if a bad recession hits
Source: Yahoo Finance --- Years of soaring home prices have led to 96% of the largest markets in United States having overvalued real estate, according to a new analysis by Moody’s Analytics. Most of the market now remains overpriced by about 25%. That could lead to...
Renting isn’t always the wrong choice: Here are 4 reasons it could save you money
Source: USA Today --- Put aside the idea that you must own a home. I'm convinced that a group of real estate agents or builders' organizations played a role in planting the idea that homeownership is a key ingredient in achieving the American Dream. Last month, my...
Lumber prices are plummeting again after hitting news lows for the year as US housing market continues to cool off
Source: Markets Insider --- Lumber plummeted Friday, extending losses that marked a new 2022 low just two days ago.
5 tips for novice house flippers
Source: Washington Blade --- If you still use Facebook, you know that there is a group for everything, from different breeds of dogs and cats to silly games that lead to data mining of your information for business or nefarious purposes, to groups that offer advice on...
5 Strategies To Win a Bidding War That Have Nothing To Do With Offering More Money
Source: Realtor.com --- Today’s homebuyers are all too familiar with bidding wars. The low inventory and high demand we’ve seen over the past couple of years have forced many multiple-offer situations with buyers doing anything they can to stand out from the pack....
Buying a home is scary, and we bet these are your biggest fears
Source: IOL --- Starting the hunt for that first property is a thrilling journey that leads to so many benefits for owners, but there are also many worries and possible hurdles. From knowing which properties to view and what to offer, to navigating the process and...
Should you stay or should you go?
Source: Daily Mail --- The US housing market appears to be finally cooling off after seeing its least affordable days since the '80s. The number of homes being built and sold is declining, more and more buyers are backing out of deals, and some parts of the country...
Higher housing costs force more pet owners to surrender their dogs
Source: CNBC --- Lisa Spillman can’t imagine life without her dog, an 8-year-old chihuahua mix named Rosebud. But she says her household expenses were getting tough to handle. “Everything – rent, groceries, dog food… it’s all going really high,” Spillman, 52, told...
Housing Market: Should You Buy a Fixer-Upper or a Turnkey Home?
Source: Yahoo Finance --- The current housing market means you’ll likely pay top dollar for a home that’s considered turnkey — immediately ready for you to move in. Plus, the competition is steep. Perhaps those two reasons are why 52% of American homebuyers are...
Current Mortgage Interest Rates: August 4, 2022—Mortgage Rates Trend Higher
Source: Forbes --- Today, the average rate on a 30-year fixed mortgage is 5.54%, according to Bankrate.com, while the average rate on a 15-year mortgage is 4.80%. On a 30-year jumbo mortgage, the average rate is 5.54%, and the average rate on a 5/1 ARM is 4.16%.
