U.S. Housing Market
15% of Home Purchase Agreements Canceled During October
San Antonio led the nation in canceled deals, with over one in five (21%) pending home sales falling through in October. Continue Reading 15% of Home Purchase Agreements Canceled During October
Boston Mayor Says Residential Property Taxes Rising 13% in 2026
More than 70% of Boston’s $4.6 billion budget comes from property taxes, primarily from commercial real estate. Continue Reading Boston Mayor Says Residential Property Taxes Rising 13% in 2026
Refinancing Fuels Upswing in Mortgage Application Activity
The Refinance Index increased 7% from the previous week and was 40% higher than the same week one year ago. Continue Reading Refinancing Fuels Upswing in Mortgage Application Activity
New Oregon Agency to Bolster State’s Housing Production
“My North Star is for every Oregonian to be able to afford a home,” said Gov. Tina Kotek in a statement. Continue Reading New Oregon Agency to Bolster State’s Housing Production
Missouri to Host Public Meetings to Discuss Property Tax Reform
Six public meetings will be held from mid-July through early September. Continue Reading Missouri to Host Public Meetings to Discuss Property Tax Reform
10 Commercial Real Estate Market Trends and Predictions to Watch Out For in 2023
Source: Commercial Observer --- The annual Allen Matkins View From the Top brings together the top real estate economists, owners, investors, developers and brokers in Western Region commercial real estate. Now in its 15th year, View From the Top remains a key source...
New York City’s Housing Shortage Continues
Source: Planetizen --- Writing for New York 1, Emily Ngo highlights the shortage of housing, particularly on the lower end of the market, that is squeezing New York City renters. “In an interconnected New York, market forces and policy, profit and politics all play a...
These 5 charts show the depth and seriousness of the U.S. housing downturn. Expect a ‘further weakening in demand.’
Source: MorningStar --- Goldman Sachs economists say they expect rates will 'remain persistently high' The U.S. housing market has been pushed into a recession, helped by pandemic-era prices and mortgage rates now surpassing 7%. "The headwind from higher mortgage...
US Housing Market Cooling Off from West to East
Source: Fitch Ratings --- Fitch Ratings-New York-10 October 2022: Fitch Ratings estimates that U.S. home prices were overvalued by 12.2% for 2Q22 on a population-weighted average basis, according to a new Fitch Ratings report. Fitch expects that the overvaluation will...
The housing market is backfiring on home flippers
Source: KSL --- SALT LAKE CITY — The U.S. housing market has turned, and it's starting to backfire on home flippers. Mortgage rates are now hovering around 7%, further straining housing affordability and pricing buyers out of the market. Meanwhile inflation continues...
50 Of The Weirdest Real Estate Listings Shared By “The Best Of Zillow” Twitter Page
Source: Bored Panda --- Real estate listing sites feature plenty of homes for purchase that give us a glimpse into the worlds of architecture and interior design. While most are pretty normal, the Twitter account The Best of Zillow consistently finds some funny,...
Why Ramit Sethi Believes This Piece of Housing Advice Is ‘Financial Propaganda’
Source: Motley Fool --- "House prices always go up. You're throwing money away by renting, and paying your landlord's mortgage while you're at it." Odds are that you've heard this oft-repeated financial advice before. To Ramit Sethi, author of I Will Teach You To Be...
‘Kicking myself I didn’t move faster’: fear and panic grips housing market
Source: The Guardian --- The phone has all but stopped ringing at Mullucks estate agent in Bishop’s Stortford – except for calls from buyers with bad news about collapsing chains. Since the chancellor Kwasi Kwarteng’s mini-budget two weeks ago, a chill has spread...
Zero-Down USDA Mortgages Aren’t Just for Farmers
Source: Yahoo Finance --- If you thought USDA loans were just for rural farmers, you wouldn't be the first person to make that mistake. After all, the program is available through the United States Department of Agriculture, and the Rural Development (RD) office...
Will the U.S. Economy fall into recession in 2023? Only if the Fed intensifies current tightening policies
Source: University of California --- The U.S. economy has little chance of falling into a recession this year or next unless the Federal Reserve raises interest rates more than they are currently projecting, according to a new forecast released yesterday at the 13th...
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