U.S. Housing Market
Survey: Most Millennials Feel Financially Squeezed Between Homeownership and Retirement Readiness
More than one-third (35%) of millennials citing rising housing costs as the biggest obstacle to their retirement readiness. Continue Reading Survey: Most Millennials Feel Financially Squeezed Between Homeownership and Retirement Readiness
Groundbreaking for $36 Million Mixed-Use Development in South Carolina
The community will include over 650 multifamily units and encompass more than 95 acres of commercial property. Continue Reading Groundbreaking for $36 Million Mixed-Use Development in South Carolina
California’s Median Home Price Hits New High
April marked the 15th consecutive month of annual gain in the state’s housing supply. Continue Reading California’s Median Home Price Hits New High
April’s Top 10 Expensive Home Sales Centered in Florida, Beverly Hills and NYC
2200 Gordon Dr. in Naples, Florida, sold for $133.2 million. Continue Reading April’s Top 10 Expensive Home Sales Centered in Florida, Beverly Hills and NYC
Lennar Unveils Luxury Townhome Community in South Tampa
Pricing begins in the high $500,000s. Continue Reading Lennar Unveils Luxury Townhome Community in South Tampa
Average mortgage debt rose 14% over the past 5 years
Source: Rome News Tribune --- The average mortgage debt held by American homeowners has risen 14%, according to Experian data. At the end of 2021, the average mortgage balance was $223,952 in the U.S., up from an average of $196,403 for the same time period in 2017. ...
The Great Real Estate Tumble Of 2022
Source: Forbes --- “A 1970s Type of Housing Market is Possible in Future” We now have a “Triple Whammy” in 2022. In addition to the stock & bond market’s volatile woes, housing just delivered it’s worst two month hit since 2008 and wiped out over a year’s worth of...
Is Real Estate a Good Investment?
Source: Nasdaq --- Investing in real estate has plenty of benefits. A steady flow of extra income, relatively low volatility and the appreciation in the value of properties are factors that make real estate a good investment. But, there are also some downsides. Real...
Hidden costs of buying a home
Source: Bankrate --- If you’re planning to buy a new home soon, you’ve likely given some thought to the maximum price you can pay and the down payment you can offer. And if you plan to finance the purchase, the monthly mortgage payment could also be on the list of...
City’s budget forecast includes $42.7 million increase in property taxes
Source: Chicago Sun Times --- Chicago property taxes will rise by $42.7 million — half of what an automatic escalator allowed — thanks to a $127.9 million budget shortfall for 2023 that’s the lowest in recent memory, Mayor Lori Lightfoot said Wednesday. By exercising...
‘Housing Market Crash’ Interest Soars as Americans Worry About Economy
Source: Newsweek --- Hispanic homeownership in the U.S. climbed significantly in 2020 – there are now 8.8 million Hispanic homeowners in the country, according to a report released this week by the National Association of Hispanic Real Estate Professionals. That’s...
A ‘soft landing’ in the U.S. housing market is possible, says real-time data expert Altos Research
Source: Fortune--- High housing prices have been seen as a key inflationary driver over the past few months, and the direction that market takes now could be yet another indicator of where the economy is heading. The U.S. housing market is in a clear cooling-off...
3 misconceptions about the residential real estate market
Source: AZ Big Media --- Much like we experienced at the onset of the pandemic, the residential real estate market is having a moment where many are unsure of what to expect. Unfortunately, that has led to some misconceptions. We wanted to set the record straight....
The Best Tips for Finding the Perfect Real Estate Agent in This Wild Market
Source: Kitchn --- Have you considered buying a house lately? If you have, then you’re probably intimately aware of how wild the housing market is right now. Mortgage rates are rising, home inventory is low, competition is cutthroat and intense, and prices are all...
Developments in Employee Screening for Real Estate Industry
Source: National Law Review --- The real estate industry, and the people employed in it, build and maintain communities driving domestic growth. Naturally, employers in the real estate world want to know their employees are reliable and trustworthy. Therefore,...
