U.S. Housing Market
$30 Million Sale Sets New Record for Georgia’s Housing Market
Georgia’s housing market saw a new record sale with a Sea Island mansion changing hands for $30 million. The Wall Street Journal reports the 2.32-acre property known as Entelechy II was designed by the late Atlanta architect and developer John Portman. The property...
Mortgage Application Activity Slows Again
Among the federal programs, the FHA share of total applications decreased to 18.3% from 18.8% the week prior. Continue Reading Mortgage Application Activity Slows Again
Report: Condo Prices Drop in Second Largest Decline on Record
Condo sales were down 11.9% year-over-year in May, the largest decline since June 2024. Continue Reading Report: Condo Prices Drop in Second Largest Decline on Record
Rocket Companies Completes Acquisition of Redfin
Redfin has adopted a new brand identity as “Redfin Powered by Rocket.” Continue Reading Rocket Companies Completes Acquisition of Redfin
California’s Environmental Law Rewritten to Create More Housing
“This is the most consequential housing reform in modern history in the state of California,” said Gov. Newsom. Continue Reading California’s Environmental Law Rewritten to Create More Housing
The most ‘underreported’ factor influencing housing market, according to Calculated Risk
Source: Deseret News --- Bill McBride, author of the economics blog Calculated Risk, said there’s a key reason why both rent and home price growth is slowing amid the U.S. housing correction playing out today. In a live Twitter Space hosted by Fortune Magazine on...
For Florida Real Estate That Survived Hurricane Ian, A Price Bump Awaits
Source: Forbes --- Even as Hurricane Ian's 155-mile-per-hour winds were leveling southwestern Florida, real estate agent Rick Pitts was selling the dream of waterfront living. As Ian made landfall, Pitts, the owner of Sellstate Excelsior Realty in Cape Coral, told his...
Churchill Provides $55 Million Loan on Moreno Valley Multifamily Project
Source: Real Estate Weekly--- Inland Empire based – Fairbrook Communities landed $55 million in construction financing from Churchill Real Estate for the development of Crystal Cove – a 192-unit multifamily project located on the southwest corner of Alessandro Blvd...
Housing bust or first to adjust? What’s actually happening in Boise, Idaho
Source: Deseret News --- At the height of the pandemic housing frenzy, Boise was not just discovered. It was flooded with buyers. That’s when housing market hawks first locked on to the Idaho metro for its eye-popping price increases. Since then, fascination with...
Is the US Housing Market in a “Free Fall?”
Source: OpticFlux --- One of the strongest economic sectors in the United States at the beginning of the pandemic was the housing market but, just like all other sectors, it appears that it’s now slowing down. The signs that this is the case have caused increased...
These regions have the most untapped real estate potential
Source: News Advocate --- Some regions of the U.S. have had hotter housing markets than others, but inflation and higher interest rates have caused a general cooling-off trend in real estate prices. Before the COVID-19 pandemic, homebuilders primarily focused on the...
How to Invest in Real Estate if You’re Not Rich
Source: Yahoo Finance --- Real estate investing can seem daunting. But it doesn’t have to be that way. If you want to invest in real estate with little money, there are four common ways you can start building your portfolio. Here’s a breakdown from the cheapest and...
United States: 10 Commercial Real Estate Market Trends & Predictions To Watch Out For In 2023
Source: Mondaq --- 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 for market...
Opendoor’s iBuyer Model Is a Canary in the Economic Coal Mine
Source: Wired --- OPENDOOR IS TAKING a pounding. Forty-two percent of the homes it sold in August made a loss, according to an analysis by market research firm YipitData. In places like Phoenix, Arizona, where cookie-cutter houses have attracted so-called iBuyers en...
House hunters on the ‘demoralizing’ process of buying a house in a crazy market. One listing had 30 offers — and sold for $85,000 above asking.
Source: Market Watch--- First, they had to battle the pandemic-induced buying frenzy. Now, potential home buyers are struggling with sky-high mortgage rates. Between the start of the summer and into the fall, there’s a “day and night difference,” Riddish Kankariya,...
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