U.S. Housing Market
New York State Housing Inventory Expands to Nearly a 3-Year High
The state’s home prices were up for the 23rd straight month. Continue Reading New York State Housing Inventory Expands to Nearly a 3-Year High
Pilot Program to Enable Bitcoin Purchases of New Florida Construction Properties
ByteFederal is also teaming with OPISAS, an international real estate firm, to enable cryptocurrency purchases in Florida by foreign investors. Continue Reading Pilot Program to Enable Bitcoin Purchases of New Florida Construction Properties
Mortgage Rates Remain Flat
The 30-year fixed-rate mortgage averaged 6.65% as of March 13, up slightly from last week when it averaged 6.63%. Continue Reading Mortgage Rates Remain Flat
Mid-Atlantic Home Sales Slumped in February
Philadelphia recorded 4,631 new pending sales, the lowest February total in more than a decade. Continue Reading Mid-Atlantic Home Sales Slumped in February
The Market with the Highest Potential SFR Returns Is…
The report analyzed single-family rental returns in 361 counties with sufficient rental and home-price data. Continue Reading The Market with the Highest Potential SFR Returns Is…
Homebuyer Competition Drops to Lowest Level in Over Two Years
Source: Redfin --- The bidding-war rate dipped below 50% for the first time since the start of the pandemic in June as rising mortgage rates and inflation took a bite out of homebuyer budgets. Nationwide, 49.9% of home offers written by Redfin agents faced competition...
First American: Potential home sales in June drops 2.5% monthly
Source: Scotsman Guide --- According to new figures from First American Financial Corp., a seasonally adjusted annualized rate of 5.47 million existing-home sales would represent a “healthy” pace of home sales for June. Potential home sales according to the company’s...
Grim outlook for housing market, NAHB CEO warns
Source: Fox Business --- National Association of Home Builders CEO Jerry Howard warned on "Varney & Co." Monday of "a tough time" ahead for the industry as data revealed the housing market has been slowing down. Howard provided the insight on the same day it was...
Single-Family Starts Fall to Two-Year Low on Higher Construction Costs and Interest Rates
Source: Eye on Housing --- Increased interest rates, building material supply chain bottlenecks and elevated construction costs continue to put a damper on the single-family housing market. For the first time since June 2020, both single-family starts and permits fell...
Foreign buyers remain absent from U.S. housing market
Source: The Real Deal --- The share of U.S. homes purchased by foreign nationals — a potentially critical pool of buyers as rising interest rates threaten to slow domestic spending — has tumbled to a more than twelve-year low. Foreign nationals bought 98,600...
Grim outlook for housing market, NAHB CEO warns
Source: Fox Business --- National Association of Home Builders CEO Jerry Howard warned on "Varney & Co." Monday of "a tough time" ahead for the industry as data revealed the housing market has been slowing down. Howard provided the insight on the same day it was...
7 Things Today’s First-Time Homebuyers Should Consider
In today’s market, things are a little intense for first-time home buyers. But just because house prices are skyrocketing and interest rates are higher than what they were a year ago doesn’t mean buying a home is out of reach for you. In this article, we help walk...
