U.S. Housing Market
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
Milwaukee Real Estate Broker Arrested for Human Trafficking and Sexual Assault
Austin Chronister is a broker with Mahler Sotheby’s International Realty. Continue Reading Milwaukee Real Estate Broker Arrested for Human Trafficking and Sexual Assault
The Most Expensive Home Sale in February Is…
Coastal Florida boasted seven of February’s 10 highest-priced home sales. Continue Reading The Most Expensive Home Sale in February Is…
Mortgage Applications for New Home Purchases Down in February
By product type, conventional loans composed 56.7% of loan applications while FHA loans accounted for 32.1%. Continue Reading Mortgage Applications for New Home Purchases Down in February
Falling home prices? This interactive map shows the statistical odds of it occurring in your local housing market
Source: Fortune --- Talk about a 180. Not only has the Pandemic Housing Boom—which pushed U.S. home prices up 42% over the past two years—fizzled out, but we've seen it replaced by a "housing recession." Across the nation, home sales are plummeting and inventory...
Don’t look now, but the housing market is slowing down. What it means for you
Source: Miami Herald --- The tea leaves are lining up in favor of homebuyers who can afford today’s higher mortgage rates. Multiple sources indicate that more and more people are canceling their home purchases because rates have moved beyond their reach — a situation...
Real Estate newsletter: Home prices are falling
Source: LA Times --- Welcome back to the Real Estate newsletter. A few newsletters ago, I posed an innocent question: Are home prices finally falling? I wasn’t expecting an answer so soon, but thanks to a fresh batch of data, I can confirm that, yes, Southern...
Housing market enters recession territory. Here’s what that means
Source: Deseret News --- If you’ve been paying attention to the U.S. housing market, you’ve likely seen words like “correction” and “recession” crop up more and more. Earlier this week, National Association of Home Builders CEO Jerry Howard warned on Fox Business’...
Colorado, Utah, Idaho metros had the biggest share of sellers dropping home prices in June
Source: Fox Business --- A significant number of sellers around the U.S. are cutting prices as high mortgage rates and fears of a potential recession keep many prospective buyers at bay. A recent report by Redfin indicated over 25% of home sellers in three-quarters of...
THE GOOD & BAD NEWS OF TODAY’S REAL ESTATE MARKET
Source: Front Porch News --- Unlike this Texas heat, things definitely cooled down in the real estate market! There’s been a big shift as interest rates continue to rise. It blows the mind to see it happen so quickly. More homes showed up on the market, as usual in...
Biggest Drop of The Week; Lowest Rates Since Early June
Source: Mortgage News Daily --- The market came into the week with a big focus on the scheduled policy announcement from the European Central Bank (ECB). While our focus remains on mortgage rates in an entirely different continent, major goings on in European markets...
Think Home Prices Are Going To Fall? Think Again
Source: Keeping Current Matters --- Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the...
Mortgage Rates Hit 2 Week Lows
Source: Mortgage News Daily --- Thursday brought the much-anticipated policy announcement from the European Central Bank (ECB). While our focus remains on mortgage rates in an entirely different continent, major goings on in European markets almost always have an...
Housing market chills as mortgage rates, prices scare buyers
Source: AP News --- NEW YORK (AP) — Kyle Tomcak was looking for a home for his in-laws in the suburbs around Denver, something priced close to $450,000. Tomcak became dispirited as he lost out to investors fronting cash offers $100,000 over the asking price. Then...
