U.S. Housing Market
Pennsylvania Home Sales Up 10% Year-Over-Year
The median home price continued to hold steady at $299,900. Continue Reading Pennsylvania Home Sales Up 10% Year-Over-Year
Virginia Home Sales Up 9% in September
The statewide median sales price continued in September was $420,000, a mild $800 increase from one year earlier. Continue Reading Virginia Home Sales Up 9% in September
$16.9 Million Allocated for Virginia Workforce Housing Investment Program
The program aims to increase the workforce housing supply in areas that have new or expanding businesses. Continue Reading $16.9 Million Allocated for Virginia Workforce Housing Investment Program
Listings Featuring Swimming Pools at an All-Time High
Realtor.com acknowledged that homes with pools are generally larger than those without. Continue Reading Listings Featuring Swimming Pools at an All-Time High
Pennsylvania Home Sales Up 11%
April’s median sales price of $295,000 was up 3.5% month-over-month and up 7% since the beginning of the year. Continue Reading Pennsylvania Home Sales Up 11%
Respected analyst predicts ‘overvalued’ San Francisco Bay Area home prices may drop
Source: SF Gate --- A respected analyst is issuing a warning for the San Francisco Bay Area: Homes are overvalued, especially in this cooling real estate market. Mark Zandi, the chief economist at the venerated firm Moody’s Analytics, told Fortune in a report...
Should You Wait for Real Estate Prices to Crash Before Buying a Home?
Source: Realty Biz News --- Many people remember the financial and housing crises of 2007 and 2008. That’s when the overheated housing market didn’t just slow down but instead went into a tailspin with millions of home prices dropping below the amount of the mortgage....
Report: Home Prices Could Dip in 183 Markets
Source: Newsmax --- Home prices could fall in 183 ''overvalued'' markets if the housing recession continues, according to data mapped out from Moody's Analytics. The map shows that 183 of the 413 top housing markets are ''overvalued'' by more than 25%, which some...
Big chill: US homebuying cooldown is intensifying
Source: The Orange County Register --- The nation’s homebuying slowdown is intensifying. The National Association of Realtors’ index of contract signings to purchase previously owned homes decreased 1% from a month earlier to 89.8. That followed a nearly 9% decline in...
The industries most at risk of a new economic downturn
Source: Washington Examiner --- For months, economists, academics, and elected officials have argued about whether the United States is in a recession. The "yes" camp points to negative gross domestic product growth in the first two quarters of 2022, meeting the...
Where To Buy Real Estate Leads In 2022
Source: Forbes Advisor --- Real estate is a competitive field, but if you buy real estate leads, you can quickly grow your business. Real estate lead generation companies curate lists of sellers or buyers who are actively looking for an agent. While this comes at a...
STUDY: MORE U.S. HOUSING MARKETS AT OR NEAR PRICING PEAKS
Source: Florida Atlantic University --- Home prices appear to have peaked in a growing number of U.S. markets, according to a July analysis by researchers at Florida Atlantic University and Florida International University. FAU’s Ken H. Johnson, Ph.D., and FIU’s Eli...
US housing market in ‘much worse shape’ than Fed admits: economist
Source: New York Post --- The Federal Reserve’s policy tightening has nudged the US housing market into a slump — and policymakers have yet to fully acknowledge the extent of the trouble, according to a prominent economist. Ian Shepherdson, a chief economist at...
REAL ESTATE CEO: RECESSION COULD BE “GOOD” IF “UNEMPLOYMENT … PUTS EMPLOYERS BACK IN THE DRIVER SEAT”
Source: The Intercept --- THE CEO AND president of Douglas Emmett Inc., a real estate corporation worth over $3 billion and based in Santa Monica, California, said on an August 2 corporate earnings call that a recession could be “good” for the commercial real estate...
Home prices fell for the first time in 3 years last month – and it was the biggest decline since 2011
Source: CNBC --- Home prices declined 0.77% from June to July, the first monthly fall in nearly three years, according to Black Knight, a mortgage software, data and analytics firm. While the drop may seem small, it is the largest single-month decline in prices since...
