U.S. Housing Market
Hits and Misses for the Real Estate Week of Oct. 20-24
A Manhattan luxury tower is falling apart, Jamie Dimon is going to the Smithsonian, and who’s photographing the East Wing demolition? Continue Reading Hits and Misses for the Real Estate Week of Oct. 20-24
Florida’s Single-Family Home Sales Up 13.6% in September
Single-family existing homes were at a 5.1-months’ supply in September and the third quarter. Continue Reading Florida’s Single-Family Home Sales Up 13.6% in September
Housing Inventory Up 30.6%, a New Post-Pandemic High
A greater choice of homes for sale did not translate into a surge in homebuying. Continue Reading Housing Inventory Up 30.6%, a New Post-Pandemic High
Illinois Home Sales Decline While Housing Inventory Grows
For the nine-county Chicago metro area, a total of 7,857 homes were sold last month, down 4.2% from April 2024. Continue Reading Illinois Home Sales Decline While Housing Inventory Grows
Alabama Home Sales Dropped in April
The median sales price of $224,967 marked a 2.2% monthly decrease ($5,033) and an annual increase of 13.3% from the $198,486 price recorded one year earlier. Continue Reading Alabama Home Sales Dropped in April
9 Steps to Getting the Perfect Mortgage as Rates Rise
Source: The Motley Fool --- During the heart of the pandemic, qualifying for an affordable loan was pretty easy for most home buyers. Rates repeatedly hit record lows and it was possible to get a 30-year fixed-rate mortgage for under 3.00% if you had reasonable...
Why the Housing Market Crash Could Get Worse in 2023
Source: Investor Place --- As the Federal Reserve continues to engineer the long foretold “soft landing,” housing has come into focus. Notions of a housing market crash continue to circulate the market. Now, Goldman Sachs says the real estate market may well take a...
THE STATE OF HOUSING SUPPLY: ‘NOT ENOUGH HOMES TO GO AROUND’
Source: Builder Online --- Economic uncertainty, inflation, and rising mortgage rates are clouding the picture for the U.S. housing market, which is also facing a structural deficit of both for-sale and rental homes. During the “Getting Serious About Housing Supply:...
What’s the answer to the U.S. housing crisis? Why national experts have eyes on Utah
Source: Deseret News --- It’s time to get serious about the U.S. housing supply crisis — a leading issue at the heart of the nation’s record high home prices, low rental vacancy rates and affordability problems. That was a key takeaway from a webinar hosted Thursday...
US housing markets are slowing. Is Florida the exception?
Source: Tampa Bay Times --- After two years of near-nonstop growth, housing prices may have finally peaked in some U.S. cities, according to data from Florida Atlantic University. Still, experts predict that Florida’s real estate market will remain strong compared to...
Best US real estate markets in 2022, according to new report
Source: Wallet Hub --- Whether you’re joining the real-estate business or just looking for a place to call home, it’s important to get a handle on the housing markets you’re considering before investing in a property. This year, the housing market is skewed much more...
Where the U.S. housing market goes next, as told by two charts
Source: Fortune --- This spring, the Fed dusted off the ole inflation-fighting playbook. It goes like this: The central bank applies upward pressure on long-term interest rates—including mortgage rates—through signaling that short-term rates will soon rise. Those...
A ‘buyers’ market’ for homes is still elusive in the US
Source: Financial Times --- The US housing market is cooling faster than expected, as supply-chain issues continue to bite in that sector, according to Goldman Sachs. The bank expects US home-price increases to decelerate through the rest of this year and then...
Eyeing a New Home? Experts Say You Should Budget for These Costs Even as Housing Prices Begin To Drop
Source: GO Banking Rates --- Home prices in the United States continue to drop amid a slowdown in demand tied partly to rising mortgage rates, but homes are still less affordable now than at any time in the past 30 years. For potential buyers, it means paying close...
Texas Dominates Top U.S. Housing Markets: Study | Tacoma News Tribune
Source: UWGB --- To rank local real estate markets, WalletHub measured housing-market attractiveness and economic strength. With mortgage rates and home prices still way above pre-pandemic levels, despite moderating in recent months, prospective home buyers are having...
