U.S. Housing Market
Aivre Secures UAD 3.6 Verification from Fannie Mae and Freddie Mac
“This is a watershed moment for the appraisal industry,” said Jake Lew, CEO of Aivre. Continue Reading Aivre Secures UAD 3.6 Verification from Fannie Mae and Freddie Mac
Report: Most Affordable Housing in NYC Built in 10 of 51 Council Districts
Sections of Brooklyn, Queens, and Staten Island turned into “no-go zones” for multifamily affordable housing. Continue Reading Report: Most Affordable Housing in NYC Built in 10 of 51 Council Districts
Report: New Apartments Sitting Vacant for Months
Nearly 125,000 new apartments were completed in the fourth quarter, the second highest number on record. Continue Reading Report: New Apartments Sitting Vacant for Months
Ohio Bill Would Cut Seniors’ Property Taxes by 50%, Regardless of Income
Property tax has become a hot-button issue in Ohio. Continue Reading Ohio Bill Would Cut Seniors’ Property Taxes by 50%, Regardless of Income
Home Vacancy Rate Holds Steady for 13th Straight Quarter
ATTOM’s analysis found 222,358 properties were in the foreclosure process during the second quarter. Continue Reading Home Vacancy Rate Holds Steady for 13th Straight Quarter
Is October a Good Time to Buy a House?
Source: The Motley Fool --- October is upon us, which means it's time for hayrides, pumpkin spice lattes, and Halloween decorations. But is it a good time to buy a home? It all depends on your priorities and financial situation. Here's what you need to know to help...
Office-to-housing conversions on the rise; Dajia to sell 3 US hotels for $1.3B
Source: SP Global --- Across the U.S., cities and states are planning incentives for converting offices to homes to alleviate a housing shortage and address rising office vacancies, Axios reported. The state of California is allocating $400 million of its 2023 budget...
What The Agency’s Executives Tell Real Estate Agents to Get Through a Tough Housing Market
Source: US News --- The U.S. housing market has seen a quick slowdown in 2022 with high home prices, high inflation and volatile interest rates. Many buyers are opting out of making a purchase with low affordability, and would-be sellers prefer to stay where they are...
Real Estate Debt Becoming An Attractive Investment As Stocks Fall And Mortgage Rates Climb
Source: Yahoo Finance --- The housing market and all of the uncertainty plaguing it is undoubtedly on the minds of prospective buyers, sellers and investors. As the Federal Reserve continues to try to curb inflation through the increase in rates, its been indirectly...
Review of all things Real Estate: 2022 fall housing market predictions
Source: Village News --- After a tumultuous summer for real estate, autumn is here. As of mid-September, the benchmark 30-year fixed-rate mortgage average is hovering a bit above 6% and skyrocketing home prices are finally starting to drop, slowly, (references below)....
The Best Real Estate Returns Come After Recessions
Source: Institutional Investor --- Amid a slow down in the economy, higher financing costs, and mounting fears of a recession, real estate values are fast declining. But the downturn is an opportunity for investors who stick with their real estate holdings — or invest...
Current National Mortgage Rates: September 28, 2022—Rates Are The Highest They’ve Been In A Year
Source: Forbes --- The average rate on a 30-year fixed mortgage is 6.98%, according to Bankrate.com, while the average rate on a 15-year mortgage is 6.09%. On a 30-year jumbo mortgage, the average rate is 7.02%, and the average rate on a 5/1 ARM is 5.11%. Today’s...
The US reckons with a new housing bubble
Source: The Cryptonomist --- The most useful feature of the housing market is that it is an excellent thermometer for the country’s economy. It anticipates what will be, so when the market concerned is the American market, which is 25% of the planet’s economy,...
Ask a Broker: Is the real estate market really slowing down?
Source: Aspen Daily News --- The Roaring Fork Valley seems to always be in demand — and that is still true, even with the uncertainty in today’s market. The roaring ’20s, meaning 2020 and 2021, saw the biggest demand in housing our nation has ever experienced. Our...
The Jeff Bezos-Backed Real Estate Company Is On A Buying Spree For Single-Family Homes
Source: Yahoo --- The real estate investment platform backed by Amazon.com Inc founder Jeff Bezos has continued ramping up its acquisitions of single-family rental homes in several U.S. markets. Arrived Homes acquires single-family homes to use as rental properties,...
