U.S. Housing Market
New Data Reports Find Easing in Home Prices
“New York again led all metros with a 6.1% annual gain, followed by Chicago at 5.9% and Cleveland at 4.7%,” said Nicholas Godec of S&P Dow Jones Indices. Continue Reading New Data Reports Find Easing in Home Prices
Maine Home Sales Rise as Prices Ease
The median sales price during September was $402,500, a 1.35% decrease from the $408,000 price recorded in September 2024. Continue Reading Maine Home Sales Rise as Prices Ease
Trump Says He Will Take Fannie Mae and Freddie Mac Public
Trump did not provide a timeline or details for this endeavor. Continue Reading Trump Says He Will Take Fannie Mae and Freddie Mac Public
Luxury Home Prices Rise While Pending Sales Activity Slows
In comparison, non-luxury home prices grew 4.1% to a record high median of $374,598. Continue Reading Luxury Home Prices Rise While Pending Sales Activity Slows
New Reports Highlight Best Cities for New College Graduates and for Raising Families
Fremont, California, was picked by WalletHub as the best city for families. Continue Reading New Reports Highlight Best Cities for New College Graduates and for Raising Families
Fixed-rate mortgage bomb set to go off
Source: Elite Agent --- Thousands of borrowers on fixed-interest home loans are facing an interest rate “cliff” and could be plunged into mortgage stress by the end of the year. According to Finder, $29.8 billion worth of fixed-rate mortgages are due to expire by the...
Should I pay off my mortgage or use the money for a deposit on a second property?
Source: The Guardian --- Q I’m a 42-year-old full-time professional and in a rather fortunate but tricky situation, which I would like your help with. My seven-year fixed-rate mortgage is coming to an end on 2 May 2023, after which I am not sure whether I should...
US Inflation Tops Forecasts, Cementing Odds of Big Fed Hike
Source: Bloomberg --- US consumer prices were resurgent last month, dashing hopes of a nascent slowdown and likely assuring another historically large interest-rate hike from the Federal Reserve. The consumer price index increased 0.1% from July, after no change in...
Should I sell my house before prices really crash — or wait for the next big real estate boom?
Source: Yahoo Finance --- Home sellers may face a closing window on today’s still-warm — but cooling — real estate market. While sellers can still take advantage of low inventory, they should also know that inflation, rising interest rates and perceptions about...
Overcoming the housing crisis is going to take all the tools in the toolbox: John Habat
Source: Cleveland.com --- Greater Cleveland Habitat for Humanity is celebrating its 35th anniversary of building homes and empowering families with safe and affordable homeownership. Since 1987, we’ve helped more than 325 families purchase safe and affordable homes --...
Home prices are falling in these 98 major housing markets—only 50 markets remain at the peak
Source: Fortune --- Not long after mortgage rates spiked this spring, the U.S. housing market slipped into what the industry likes to call a housing recession. It means housing activity levels, like home sales, are contracting sharply. That’s hardly surprising:...
What Charles Darwin Is Teaching Real-Estate Investors
Source: Forbes --- Commercial real-estate, long a safe harbor for investors, must evolve or die. Threats to the once irrepressible growth in the value of commercial real estate are crowding in, denying the fainting market the air it needs. Inflation, now galloping at...
Rising seas fueled by climate change to swamp $34B in US real estate in just 30 years, analysis finds
Source: USA Today --- Higher high tides, supercharged by rising sea levels, could flood all or parts of an estimated $34 billion worth of real estate along the nation’s coasts within just 30 years, a new report concludes. Within the span of a 30-year mortgage, as many...
What Is Wholesale Real Estate?
Source: Investopedia --- Investing in real estate is nothing like investing in stocks and bonds. With the latter two, depending on the type of investment, you may be able to dive right in with perhaps as little as $100. You can exit whenever you wish. It's not that...
U.S. home prices see biggest monthly drop in 11 years. It’s weighing on homeowner wealth
Source: Deseret News --- After two years of runaway price growth, the U.S. housing market has hit a tipping point. Home price growth has been decelerating for months now as the U.S. market cools from the pandemic frenzy. But in July, that shifted to an actual decline...
