U.S. Housing Market
Century Communities Begins Sales at New Arizona Gated Community
Pricing for the homes begins in the low $300,000s. Continue Reading Century Communities Begins Sales at New Arizona Gated Community
Boston Lawmaker Proposes Property Tax Restructuring for Large Apartment Buildings
The proposal will be discussed at the City Council’s next meeting on Oct. 29. Continue Reading Boston Lawmaker Proposes Property Tax Restructuring for Large Apartment Buildings
Investors Say ‘No, Thanks!’ to Buying Condos
While investors are shying away from condos, they are continuing to pursue single-family homes. Continue Reading Investors Say ‘No, Thanks!’ to Buying Condos
Mortgage Application Activity Drops as Home Prices Rise
The first quarter home prices were up on a year-over-year basis in 49 states and the District of Columbia; Hawaii was the lone state with a price decline. Continue Reading Mortgage Application Activity Drops as Home Prices Rise
Buffalo Council Approves 8% Property Tax Hike
Acting Mayor Scanlon put forth the 8% property tax levy increase proposal last month, claiming it would generate around $13.7 million. Continue Reading Buffalo Council Approves 8% Property Tax Hike
A crash of the US housing market is ‘very unlikely’ even as mortgage rates surge to 14-year highs
Source: Business Insider --- The average 30-year mortgage hit a 14-year high Wednesday, but that surge won't spark a crash in the US housing market akin to anything seen in 2008, investment strategist Louis Navellier told Insider on Wednesday. Rates for the...
5 Aspects of My Ideal Private Real Estate Fund
Source: White Coat Investor --- A lot of people don't think of me as a “real estate investor,” which I find surprising given that I own enough investments in real estate to live off of for the rest of my life. I've owned everything from an individual rental property...
Another real estate tech company lays off workers in response to housing slowdown
Source: SF Gate --- Realtor.com, the second most visited website for real estate listings in the U.S., is laying off an undisclosed number of employees due to a recent slump in the housing market.
Real Estate Squeeze: Rising Interest Rates and Stubborn Sellers Price Out Middle Class Homebuyers
Source: Yahoo --- SCOTTSDALE, Ariz., September 13, 2022--(BUSINESS WIRE)--HomeLight, the real estate technology platform powering the nation’s best agents, published its Fall 2022 Top Agent Insights Report, featuring findings from a survey of over 1,000 of the top...
The biggest Fed rate hike in 40 years? It could be coming next week.
Source: Market Watch --- Desperate times call for desperate measures, and times are, arguably, increasingly desperate. The persistence of high inflation might force the Federal Reserve to resort to the biggest increase in a key U.S. interest rate in more than 40...
Mortgage Rates Spike Again to Highest Levels Since 2008
Source: US News Money --- Mortgage rates surged higher this week, according to Freddie Mac, continuing a monthlong trend of rate increases. The average interest rate on a fixed 30-year mortgage is the highest it's been since 2008, at 5.89%. For the 15-year fixed...
Housing inflation is dead
Source: Money Control --- Robert Armstrong Good morning. It’s CPI day. There is good reason for optimism that inflation will continue to abate, and not just because of gas prices. But as we like to repeat at Unhedged, there is no such thing as high and stable...
Rockford, several Illinois cities round out bottom of US housing market top 300 list
Source: Rockford Register Star --- The Forest City ranks 294th out of the nation’s top 300 real estate markets, according to a study conducted by the personal finance website WalletHub. While putting together the list, WalletHub examined 17 key indicators, including...
‘I’m An Aggressive Buyer’ Of Income Real Estate, Billionaire Says, Anticipating ‘A Lot’ Of Inventory This Year
Source: Yahoo Life --- If you own a home or have been interested in buying one, you are aware of the sizeable U.S. residential real estate downturn. Sales numbers are dropping to their lowest rates since 2020, but interest rates continue to rise to around 5.6%. This...
Bridge to let: Everything you need to know
Source: Mortgage Introducer --- Bridge to let mortgages work well for homebuyers who would be unable to afford a property using a traditional mortgage. But what is bridge to let finance? Who does bridge to let work best for and what are the main advantages? Here is...
