U.S. Housing Market
Connecticut GOP Leaders Propose Historic Expansion of Property Tax Credits
Gov. Ned Lamont has yet to comment on the GOP proposal. Continue Reading Connecticut GOP Leaders Propose Historic Expansion of Property Tax Credits
Report: 15% of Home Purchase Agreements Canceled in September
San Francisco, New York’s Nassau County (Long Island) and San Jose had the lowest shares of contract cancellations in September, under 7% each. Continue Reading Report: 15% of Home Purchase Agreements Canceled in September
MBA Chief: Trump Team ‘Understands Housing and Real Estate Finance’
MBA President and CEO Bob Broeksmit praised the administration’s focus on deregulation. Continue Reading MBA Chief: Trump Team ‘Understands Housing and Real Estate Finance’
Mortgage Application Activity Slows Down
The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 5.1% on a seasonally adjusted basis from one week earlier. Continue Reading Mortgage Application Activity Slows Down
Zillow Announces Timeline for New Listing Standards
The Seattle-headquartered company announced the standards will go into effect on May 28. Continue Reading Zillow Announces Timeline for New Listing Standards
How to Choose a Mortgage Lender
Source: Total Mortgage --- When you are house hunting, choosing the right mortgage lender can be just as important as finding your dream home. While some aspects of the home buying process are standard, there are nuances surrounding mortgage products and the terms...
5 Things You Should Know Before You Knock Down A Wall
Source: House Digest --- There are many reasons why a homeowner might want to knock a wall down. For some people, this might mean opening up the entire house for more space, or the wall might be standing in the way of beautiful natural light. However, before you even...
9 Top Places for Gen Z To Live and Work Remotely
Source: Go Banking Rates --- Choosing the right place to live is not an easy decision. It can be stressful to weigh the pros and cons of living in different areas and the job and social opportunities different locations feature. You might need to decide if you prefer...
Failing to qualify, or just cold feet? More homebuyers backing out of deals in 2022
Source: First Tuesday Journal --- More buyers backing out Real estate deals are faltering as home sales volume continues its downward path. In June 2022, roughly 60,000 home sales fell through nationwide, translating to 14.9% of homes under contract. This is the...
Interest Rate Increases, Inflation, and the Real Estate Cycle
Source: JD Supra --- In the nineteenth century, a musical genre known as the song cycle developed. Consisting of individually complete vocal songs, collectively, a song cycle Composer Franz Schubert’s cycles of German lieder (musical compositions sung by a soloist...
Home ownership and the “American Dream” are crushed by Real Estate Investment Trusts
Source: Tennessee Lookout--- A big economic division between renters and homeowners is apparent when looking at net worth: For homeowners, the median net worth of $231,400 is about 44 times the median net worth of renters, which is $5,200. Dr. Ken Chilton of Tennessee...
OPINION: Tiny homes offer one solution to the housing crunch
Source: The Lewiston Tribune --- An old conservative rhetorical device is to claim that whatever problem you are facing could be solved by just “getting government out of the way.” As with most phrases that fit on bumper stickers, “get government out of the way” is...
Why the housing market is in recession in terms of sales — but not prices
Source: Deseret News --- July was an even more sluggish month for the U.S. housing market as sales of previously owned homes slipped by 6% from June and a whopping 20.2% year over year. Home prices are still high, though, with the median existing home sales price up...
Recession Watch: It Doesn’t Seem Imminent—But The Housing Market Collapse Deepens As Fed Officials Warn ‘Economy Will Slow’
Source: Forbes --- Cooling inflation has helped temper concerns of an imminent recession, particularly as the job market continues to show historic strength, but a worsening housing market collapse and vast uncertainty over the course of the Federal Reserve’s interest...
Why the rental housing market is so deeply broken
Source: Axios --- America's housing market is broken, but the deep and structural problems can't be fixed with technology. Why it matters: The U.S. is in desperate need of more high-quality rental housing. Homeownership works for many — and doesn't work at all for...
