U.S. Housing Market
Hits and Misses for the Real Estate Week of Oct. 27-31
Government officials being forced out of their homes by threats of violence, Zohran Mamdani’s silence on contentious housing proposals, and a soccer stadium where you’d least expect it. Continue Reading Hits and Misses for the Real Estate Week of Oct. 27-31
Report: Roughly 2.8% of the National Housing Inventory Changed Hands This Year
This is the lowest turnover rate in at least 30 years. Continue Reading Report: Roughly 2.8% of the National Housing Inventory Changed Hands This Year
Mortgage Application Activity Slows for Third Straight Week
Among the federal programs, the FHA share of total applications increased to 18.7% from 17.9% the week prior. Continue Reading Mortgage Application Activity Slows for Third Straight Week
Richmond American Homes to Build New Community in Jacksonville
Laurelton will feature single- and two-story homes priced from the $400,000s. Continue Reading Richmond American Homes to Build New Community in Jacksonville
NAR’s Chief Economist: ‘Housing Market Remains Very Difficult at the Moment’
“Mortgage rates are the magic bullet, and we’re waiting and waiting until those come down,” said Lawrence Yun. Continue Reading NAR’s Chief Economist: ‘Housing Market Remains Very Difficult at the Moment’
US housing market in ‘free fall’ as builder confidence suffers ‘disastrous’ drop: economist
Source: New York Post--- The US housing market remains in “free fall” after a survey showed a “disastrous” decline in homebuilder confidence, a prominent economist warned on Tuesday. Homebuilder confidence plunged for the 10th consecutive month in October, falling to...
Adjustable-Rate Mortgages Are Probably Still a Bad Idea
Source: Lifehacker --- Housing prices are finally starting to go down, but thanks to interest rate hikes, monthly mortgage payments are more out of reach than ever before. With all of this financial uncertainty, you may be considering an adjustable-rate mortgage,...
Understanding Intelligent Document Automation For Real Estate
Source: Forbes --- To gain valuable insights into your portfolio, it is important to equip your real estate company with tools designed to improve your process. Streamlining quality data into your financial models for more timely analysis and permitting more focus on...
The global real estate investment market now sits at $11.4 trillion — and should reach $30.6 trillion by 2031. Here’s how to grab a slice of the action
Source: Yahoo Finance --- If you’re passionate about investing in real estate, you may be considering buying an apartment building. While it’s a lot of work to manage a multifamily property, an apartment building can have the potential to deliver a great return on...
States that take out the most home loans
Source: WACO Tribune-Herald --- Existing home sales reached the highest level in 15 years in 2021, according to the National Association of Realtors. It was largely driven by record-low mortgage rates and the need for more ex-urban space after coronavirus pandemic...
Housing market becomes more balanced as falling home sales lead to higher inventory
Source: Seeking Alpha --- The U.S. housing market is "making steady progress toward balance," said Re/Max President and CEO Nick Bailey, as September's slump in home sales led to a rebound in inventory. With soaring mortgage rates and the median sales price of $400K...
Skyrocketing inflation is raising mortgages, putting first homes out of reach
Source: The Hill --- A new report showing inflation rising again in September is just the latest bad news for new homebuyers, who are increasingly seeing the cost of a first home pushed out of their reach. The latest news puts lenders, already on edge amid a grim...
A Housing Crisis Has More Politicians Saying Yes to Developers
Source: New York Times --- For years, elected officials from across the political spectrum in New York City have scored points by attacking a common enemy: Real estate developers. Politicians routinely quashed projects. Some officials argued they were protecting a...
7 tips for answering real estate questions in today’s market
Source: Real Trends --- The state of our current housing market is creating the need for sometimes challenging real estate questions between Realtors and clients. Twenty-five to 75% of all agents are new to the business and have never experienced a change in the...
Home buyers turn to riskier loans as interest rates soar
Source: Click 2 Houston --- HOUSTON – Home buyers feeling financially squeezed by higher interest rates are increasingly being steered by real estate agents and mortgage brokers to potentially riskier types of mortgages, similar to those seen ahead of the 2008...
