U.S. Housing Market
New 135-Unit Apartment Community Being Built in Twin Cities Metro Area
Pre-leasing is set to begin in fall 2026 with apartments ready for residents by late 2026. Continue Reading New 135-Unit Apartment Community Being Built in Twin Cities Metro Area
Forecast: Single-Family Mortgage Origination to Reach $2.2 Trillion in 2026
“We expect that home sales will increase in 2026,” said Mike Fratantoni, MBA’s chief economist. Continue Reading Forecast: Single-Family Mortgage Origination to Reach $2.2 Trillion in 2026
Hits and Misses for the Real Estate Week of May 12-16
Canada’s unlikely new housing minister, two high profile property sales where the sellers took a big loss, and HUD’s commitment to Indian Country housing. Continue Reading Hits and Misses for the Real Estate Week of May 12-16
Woodrow Wilson’s 19th Century New Jersey Home Listed for $6.5 Million
The home last changed hands in 2003 for $2.2 million. Continue Reading Woodrow Wilson’s 19th Century New Jersey Home Listed for $6.5 Million
Report: Little Change in Real Estate Agent Commissions Since NAR Settlement
For homes that sold for $1 million or more in the first quarter, Redfin found the average buyer’s agent commission was 2.17%. Continue Reading Report: Little Change in Real Estate Agent Commissions Since NAR Settlement
Should You Get An MBA In Real Estate? Here’s What To Know Before You Enroll
Source: Forbes --- Earning a master of business administration (MBA) in real estate prepares you for career opportunities in the real estate industry. This degree equips learners with foundational knowledge and fundamental leadership, which are necessary business...
Today’s Mortgage Rates & Trends – August 8, 2022: Rates seesaw
Source: Investopedia --- Rates on 30-year mortgages rose by almost four-tenths of a point Friday, extending a three-day pattern of dramatic up and down swings ranging from a third to a half a percentage point each day. National Averages of Lenders' Best Rates Loan...
As Mortgage Rates Stay Up, Lenders and Brokers Need to Get ‘Creative’
Source: Market Scale --- Freddie Mac’s weekly averages since July 14 have been volatile, with spikes and dips in 30-year fixed, 15-year fixed and 15-year adjustable mortgage rates. But even with some short term relief after August 4’s numbers brought rates below 5%...
Here are the 5 most ‘overvalued’ housing markets in the US — they could even see prices plunge 15% to 20% if a bad recession hits
Source: Yahoo Finance --- Years of soaring home prices have led to 96% of the largest markets in United States having overvalued real estate, according to a new analysis by Moody’s Analytics. Most of the market now remains overpriced by about 25%. That could lead to...
Renting isn’t always the wrong choice: Here are 4 reasons it could save you money
Source: USA Today --- Put aside the idea that you must own a home. I'm convinced that a group of real estate agents or builders' organizations played a role in planting the idea that homeownership is a key ingredient in achieving the American Dream. Last month, my...
Lumber prices are plummeting again after hitting news lows for the year as US housing market continues to cool off
Source: Markets Insider --- Lumber plummeted Friday, extending losses that marked a new 2022 low just two days ago.
5 tips for novice house flippers
Source: Washington Blade --- If you still use Facebook, you know that there is a group for everything, from different breeds of dogs and cats to silly games that lead to data mining of your information for business or nefarious purposes, to groups that offer advice on...
5 Strategies To Win a Bidding War That Have Nothing To Do With Offering More Money
Source: Realtor.com --- Today’s homebuyers are all too familiar with bidding wars. The low inventory and high demand we’ve seen over the past couple of years have forced many multiple-offer situations with buyers doing anything they can to stand out from the pack....
Buying a home is scary, and we bet these are your biggest fears
Source: IOL --- Starting the hunt for that first property is a thrilling journey that leads to so many benefits for owners, but there are also many worries and possible hurdles. From knowing which properties to view and what to offer, to navigating the process and...
Should you stay or should you go?
Source: Daily Mail --- The US housing market appears to be finally cooling off after seeing its least affordable days since the '80s. The number of homes being built and sold is declining, more and more buyers are backing out of deals, and some parts of the country...
