U.S. Housing Market
Zillow Offers Data Analysis Claiming Private Listings Could Perpetuate Racial Disparities
In majority-white areas, 7.9% of homes for sale within MRED were listed privately. In predominantly minority areas, that share was 3.4%. Continue Reading Zillow Offers Data Analysis Claiming Private Listings Could Perpetuate Racial Disparities
Wisconsin Home Sales and Prices Up During October
The median price increased to $331,500, which is a 6.9% increase over the last 12 months. Continue Reading Wisconsin Home Sales and Prices Up During October
Hits and Misses for the Real Estate Week of June 16-20
Another sports team eyeing public funds for a new stadium, property tax relief comes to Texas, and a social media influencer who gave very bad advice. Continue Reading Hits and Misses for the Real Estate Week of June 16-20
Pennsylvania’s Rising Home Sales Benefit from Increased Listings
The median sales price also climbed to $305,000 in May, up by 3% from the prior month and up 6% from one year earlier. Continue Reading Pennsylvania’s Rising Home Sales Benefit from Increased Listings
Report: Median Home-Sale Price at New High, But Remains Below Median Asking Price
Redfin noted that homes are selling for below their asking price due to greater quantity of sellers than buyers Continue Reading Report: Median Home-Sale Price at New High, But Remains Below Median Asking Price
Home prices are falling in 6 major US cities and still rising in 13. Here’s how the major markets are faring as buyers adjust to the end of the boom
Source: Business Insider --- The red-hot housing market has fizzled out — and that means home prices are finally cooling down. Over the past few years, intense buyer competition has elevated home prices throughout the US but as affordability wanes, demand is fading...
Everyone pays the cost as the rich keep spending
Source: Financial Times --- Inflation isn’t new, but price rises can still shock. I recently holidayed in the Hamptons, a tony beach area outside New York, where I was stunned to pay $800 for a single shopping cart of groceries. This wasn’t at some foodie emporium,...
Home sale cancellations rise in ‘remarkably uncertain time’ for market: Redfin CEO
Source: New York Post --- The US housing market is in the midst of a significant pullback, with cooling conditions that have contributed to a spike in home sale cancellation rates, according to the top boss at real estate firm RedFin. RedFin CEO Glenn Kelman noted...
The Real Impact Of A Housing Market Recession
Source: Forbes --- Key Takeaways: A housing market recession occurs when home sales decline for six months straight, which officially happened in July 2022. Two main forces are driving the housing market recession: increasing interest rates and increasing construction...
What does ‘housing recession’ even mean? Economists don’t really know
Source: Inman --- The phrase “housing recession” has exploded in popularity, according to an analysis of search terms. But pinning down what it means and where it originated is surprisingly difficult, experts told Inman.
Real estate: A looming end to the long boom
Source: The Week --- The "booming housing market is stalling out," said David Harrison and Nicole Friedman in The Wall Street Journal. Trapped between near-record prices and soaring mortgage rates, buyers are pulling back. In July, figures released last week show,...
US home price growth ‘to stall completely,’ Goldman warns
Source: New York Post --- The US housing market still has “further to fall” in a recent downturn that has sparked fears of a recession, Goldman Sachs analysts warned in a note to clients on Tuesday. The bank’s analysts expect home price growth in the once-booming...
Bankers’ Hours column: Changes coming to the housing market
Source: Post Independent --- This is an issue we revisit periodically, because everybody else does. The question is regularly raised, “With stratospherically spiking home prices, and so called ‘Non-QM (Nonqualifying mortgages, meaning not conforming to Fannie Mae or...
Want to Sell Your Home Quickly? Follow These 5 Dave Ramsey Tips
Source: The Motley Fool --- There was a point last year (and even during the first part of 2022) where all you had to do to sell a home quickly was get a listing up. For months, the housing market lacked inventory in a serious way, and that led to a period of homes...
Revised: Odds of falling home prices in your local housing market, as told by one interactive map
Source: Fortune --- Back in June, Fed Chair Jerome Powell made it clear to reporters: The Pandemic Housing Boom was over. Heading forward, he said, spiked mortgage rates would push the U.S. housing market into a slowdown. “We saw [home] prices moving up very very...
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