U.S. Housing Market
Ground Broken on 365-Unit Multifamily Community in Aurora, Colorado
The project encompasses a quartet of four-story buildings featuring a mix of one-, two- and three-bedroom apartment layouts. Continue Reading Ground Broken on 365-Unit Multifamily Community in Aurora, Colorado
Mortgage Application Activity Down by Nearly 4%
The FHA share of total applications decreased to 19.5% from 20.2% the week prior. Continue Reading Mortgage Application Activity Down by Nearly 4%
Home Sale Profits Up Slightly During Q2
In pure dollar figures, the large metro areas with the highest typical profit on a home sale were all on the West Coast. Continue Reading Home Sale Profits Up Slightly During Q2
Chicago Mayor Downplays CFO’s Remarks of a ‘Likely’ Property Tax Hike
“We have a working group that is coming up with a lot of ideas,” said Mayor Johnson. Continue Reading Chicago Mayor Downplays CFO’s Remarks of a ‘Likely’ Property Tax Hike
Florida’s Single-Family Home Sales Up in June, Down for Q2
The statewide median sales price for single-family existing homes last month was $412,000, down 3.5% compared to June 2024. Continue Reading Florida’s Single-Family Home Sales Up in June, Down for Q2
US housing in 2023 won’t be a buyer’s market or a seller’s market
Source: Quartz --- The Federal Reserve hammered both sides of the housing market in 2022. Rising mortgage rates kept home purchases out of reach for many, while higher building costs made it difficult for sellers to reduce the prices of new homes. The National...
Housing Data Suggests a ‘Freeze’ in the Real Estate Market
Source: Globest --- Last week’s released housing data reflects a freeze in the real estate market, according to Patrick Carroll, CEO and founder, CARROLL Company. November’s U.S. housing starts data is continuing to decline and signals how 2022’s surge in mortgage...
Whether it’s 2022 or 2023, U.S. Housing Market Performance Will be Tied to the Interest Rate Whims of The Fed
Source: Yahoo Finance --- The year 2022 brought a thriving residential home investment market to its knees. But you’d never have guessed that based on how the year started, with skyrocketing home values and bidding wars. When the Federal Reserve began raising interest...
How high did US inflation get this year and where is it headed in 2023?
Source: The Guardian --- Inflation soared in 2022 amid Covid-19, the war in Ukraine and a broken supply chain – but here’s what we can expect next. Just a few years ago, inflation seemed like an issue the US and many other major western economies had outgrown. “Is...
Here’s Why a Housing Recession Isn’t a Problem for American Homes 4 Rent
Source: The Motley Fool --- The single-family rental market is largely immune from the housing recession. One of the meta narratives this year has been the housing recession. Between rising mortgage rates and soaring home prices, there is an affordability crisis,...
2022 marked the end of cheap mortgages and now the housing market has turned icy cold
Source: WUSF Public Media --- Evan Paul and his wife entered 2022 thinking it would be the year they would finally buy a home. The couple — both scientists in the biotech industry — were ready to put roots down in Boston. "We just kind of got to that place in our...
Real estate in 2023: Best, worst locations to move to in the new year
Source: Fox Business --- El Paso, Texas, and Detroit may be the most affordable markets to move to in 2023, but that doesn't make them the best investment, according to Redfin chief economist Daryl Fairweather. Uncertainty surrounding the economy — coupled with high...
2023 set to be ‘a good year’ for home sales, Dearborn-area real estate agents say
Source: Press & Guide --- The residential real estate free-for-all is in the rearview mirror and buyers and sellers can expect greater market stability in the year ahead, according to local real estate professionals. Frenzied conditions that roiled the real estate...
Affordability May Rebound in 2023, According to First American Real House Price Index
Source: Yahoo! --- SANTA ANA, Calif., December 26, 2022--(BUSINESS WIRE)--First American Financial Corporation (NYSE: FAF), a premier provider of title, settlement and risk solutions for real estate transactions and the leader in the digital transformation of its...
US housing in 2023 won’t be a buyer’s market or a seller’s market
Source: Quartz --- The Federal Reserve hammered both sides of the housing market in 2022. Rising mortgage rates kept home purchases out of reach for many, while higher building costs made it difficult for sellers to reduce the prices of new homes. The National...
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