U.S. Housing Market
New York State Launches Housing Accelerator Fund
The initial cohort of Housing Acceleration Fund awards are expected to result in approximately 1,800 new homes. Continue Reading New York State Launches Housing Accelerator Fund
Beeline Announces First Blockchain-Recorded Home Equity Transactions
BeelineEquity closed five blockchain-tracked equity transactions, with five more scheduled this month. Continue Reading Beeline Announces First Blockchain-Recorded Home Equity Transactions
Chinese Buyers Top Global Web Searches for South Florida Real Estate
Colombia, the long-time leader for global web searches, ranked second at 9.1%. Continue Reading Chinese Buyers Top Global Web Searches for South Florida Real Estate
Case-Shiller: Home Price Acceleration is Slowing
New York City again reported the highest annual gain among the 20 cities with an 8% increase in March. Continue Reading Case-Shiller: Home Price Acceleration is Slowing
Iowa’s Gov. Reynolds to Focus on Property Tax Reform Over Income Tax Elimination
“That is what we hear about all the time,” Reynolds said. Continue Reading Iowa’s Gov. Reynolds to Focus on Property Tax Reform Over Income Tax Elimination
US housing market to remain ‘especially frigid’ as mortgage rates spike: Redfin
Source: New York Post --- The housing market’s ongoing slowdown will continue through the end of the year as surging mortgage rates discourage prospective homebuyers, according to the latest analysis by real estate firm Redfin. Redfin noted a “nosedive” in...
5 things to consider if you’re choosing between a 15-year and a 30-year mortgage
Source: CNBC --- One of the most important parts of taking on a mortgage to buy a house is making sure the terms of the loan best suit your financial needs. Not only does this involve securing the lowest interest rate possible, it also means choosing the right...
Real estate: ‘Coastal markets are going to start declining,’ Fundrise CEO says
Source: Yahoo Finance --- SEANA SMITH: After a hot couple of years, the housing market finally cooling off, but that doesn't mean that there aren't opportunities to invest in this space. Ben Miller, the co-founder and CEO of Fundrise, joins us now. Ben, since the last...
Make an offer — something real estate agents haven’t said in a long time
Source: WTop News--- For the first time in nearly 18 months, the average home sold for less than list price in August, according to a market analysis by real estate company Redfin. Not a lot less, and not enough to raise a red flag for the “sell side” of the housing...
Liz Weston: Should you tap your home equity as real estate values rise?
Source: Oregon Live --- Soaring real estate values mean many homeowners are awash in equity — the difference between what they owe and what their homes are worth. The average-priced home is up 42% since the start of the pandemic, and the average homeowner with a...
‘Housing correction’ is coming. What homeowners, buyers and sellers should know.
Source: M Live --- Coming out of the pandemic shutdown lit the match for housing demand, and it’s been burning hot for nearly two years straight — but a housing correction is finally on the horizon. Two-thirds of the nation’s largest housing markets are overvalued,...
Why the Housing Market Is Not in Recession
Source: Knowledge at Wharton --- Wharton real estate professor Fernando Ferreira doesn’t believe the U.S. housing market has entered a recession. Home sales are falling in response to rising interest rates, but there’s still a mismatch of supply and demand, he said....
Adjustable rate mortgages are back
Source: Maine Public --- ARI SHAPIRO, HOST: With mortgage rates up sharply, a lot more homebuyers are turning to adjustable-rate loans. These can be more affordable - at least at first - but they come with a big risk - that your mortgage payment might go up a lot in...
Mortgage Rates in September: A Smooth Ride, Then Turbulence
Source: Nerd Wallet --- September mortgage rates forecast Interest rates on fixed-rate mortgages are likely to remain fairly stable in the first three weeks of September. The forecast gets murkier at the end of the month. That's because the Federal Reserve will...
US mortgage lenders are starting to go bankrupt — how this one factor could be triggering the worst surge of failures since 2008
Source: Yahoo --- The real estate market just can’t catch a break, with inventory of resale homes remaining low and rising interest rates making it harder for buyers to justify making the leap. And now we can add mortgage lender bankruptcies — and the rise (and fall)...
