U.S. Housing Market
Q3 Texas Home Sales Rise While Prices Decline
The median home price of $335,000 was down by 1.5% from the third quarter in 2024. Continue Reading Q3 Texas Home Sales Rise While Prices Decline
Toll Brothers Debuts Luxury Townhome Community in New York’s Westchester County
Homes are priced from $1.39 million. Continue Reading Toll Brothers Debuts Luxury Townhome Community in New York’s Westchester County
Report: Texans Lead the Nation for Buying Newly Constructed Homes
Texans were also ahead of the nation for buying multi-generational homes. Continue Reading Report: Texans Lead the Nation for Buying Newly Constructed Homes
Schumer Slams Trump’s Plan to Take Fannie Mae and Freddie Mac Public
Schumer declared without statistical evidence that Trump’s initiative would add between $1,800 to $2,800 to annual mortgage costs. Continue Reading Schumer Slams Trump’s Plan to Take Fannie Mae and Freddie Mac Public
Arrive Home Debuts New Iterations of Earned Equity Program
The new EEP Pathway designed for “ITIN and certain Visa statuses individuals who may be solid long-term renters looking to move on to homeownership.” Continue Reading Arrive Home Debuts New Iterations of Earned Equity Program
How ‘Forever Renters’ Are Changing Real Estate As We Know It
Source: Forbes --- The cost of a home is at an all-time high in the United States. According to the National Association of REALTORS®, the median home price increased by 15% from last year. But how exactly is this housing market impacting millennials and Gen-Z?...
Housing inventory may not rebound for some time, despite slowing market
Source: Washington Business Journals --- Inventory has been a closely-watched metric of the U.S. housing market during, and leading up to, the Covid-19 pandemic.
US housing market in ‘deep recession’ as homebuilder confidence tanks: economist
Source: NY Post --- The US housing market is in the midst of a “deep recession” that could put pressure on the Federal Reserve to ease up on interest rate hikes, a prominent economist warned on Monday. Homebuilder confidence declined for the ninth straight month in...
Commercial Mortgages: Why apartment rental rates keep growing
Source: Richmond Times Dispatch --- Martha and the Vandellas probably were not singing about financial markets in their 1965 hit “Nowhere to run ... nowhere to hide,” but the song describes the feeling in the market for just about everyone. The possible exceptions...
Black millennials are trying to close the gap in homeownership
Source: AFRO.com --- Millennial buyers are the primary driver of Black homeownership in the U.S. Housing market right now. Many are leaving rental life behind to purchase their first home or investment property in pursuit of having equity and building wealth....
Cash still king as nearly a third of homebuyers spurn costly mortgages
Source: Inman --- All-cash home purchases in the U.S. hit 31.4 percent of all transactions in July 2022, just short of an eight-year high reached in February 2022, according to new data released Friday by Redfin.
There’s an unusual thing happening in the housing market
Source: Bloomberg --- It’s no secret that the US housing market has been softening as interest rates rise at the fastest pace in decades. Higher mortgage rates mean the dramatic growth in home prices that we’ve seen over the past two years is beginning to slow. Sales...
The Housing Recession Is Coming
Source: The Ringer --- While the broader economy is almost certainly not in a recession, the U.S. housing market is facing a painful reset. As the Federal Reserve raises interest rates to reduce inflation, the most rate-sensitive sector of the economy—which is...
Behind on your mortgage? 6 ways to catch up
Source: Bankrate --- With interest rates rising in an effort to curb inflation and recession fears escalating, you may find yourself worrying about what happens if you fall behind on your mortgage. The percentage of mortgages 30 or more days delinquent but not in...
These housing markets are ‘significantly overvalued,’ may see prices fall up to 20%, Moody’s says
Source: KSL --- SALT LAKE CITY — As the high interest rate-induced U.S. housing slump deepens, national housing experts and economists are watching home prices dip across the country — with some regional pockets dropping much faster than others. Predictions vary for...
