U.S. Housing Market
Pennsylvania Home Sales Up by 6.4%
The median price for the homes sold last month was $300,000. Continue Reading Pennsylvania Home Sales Up by 6.4%
New Study Finds Nearly 9% of Residences Owned by Corporate Entities and Investors
The report observed that corporate ownership exceeds 20% in communities including St. Louis, Missouri; Harrisonburg, Virginia; and Franklin County, Ohio. Continue Reading New Study Finds Nearly 9% of Residences Owned by Corporate Entities and Investors
Single-Family Housing Starts Inch Up, Permits in Decline
Single-family authorizations in May were at a rate of 898,000, a 2.7% below the revised April figure of 923,000. Continue Reading Single-Family Housing Starts Inch Up, Permits in Decline
Mortgage Application Activity Down by 2.6%
The refinance share of mortgage activity increased to 37.3% of total applications from 36.7% in the previous week. Continue Reading Mortgage Application Activity Down by 2.6%
Home Flipping Profits Down in Q1
The typical investor paid $260,000 for a home they flipped in the first quarter and sold the property for $325,000. Continue Reading Home Flipping Profits Down in Q1
HOMEOWNER’S GREATEST PROPERTY RIGHT IS SINGLE-FAMILY ZONING
Source: New Geography --- Some Confuse a Homeowner’s Greatest Property Right With How Many Uses the Homeowner can Utilize for Their Home A homeowner’s greatest property right is not how many uses a homeowner can use their home, but neighborhood protection from uses...
How much of your income should you spend on your mortgage?
Source: Money Mag --- Property prices may have started to retreat from their recent highs, but there's no denying that purchasing a home has become a more and more expensive undertaking in recent years. In fact, since June 2020, the average Australian mortgage...
Home Depot’s record sales show that the US housing market remains strong
Source: Healthcare Business --- But don’t tell that to Home Depot. The home improvement retail giant reported record profits and sales in the last quarter. Home Depot (HD) He said Tuesday that total revenue rose 6.5% from a year ago, to $43.8 billion. The company...
Is remote work killing the American Dream?
Source: The Salem News --- A new study reveals that remote work is responsible for a spike in housing costs across the country, accounting for more than half of the total increase in prices after the pandemic. The Great Reshuffling shows no signs of slowing down,...
Industrial real estate market sees another strong quarter
Source: Delaware Business Now --- A second quarter report from the commercial real estate firm Newmark detected no signs of a slowdown in the industrial real estate market. Activity in the Greater Philadelphia industrial market, southeastern Pennsylvania, southern New...
Five Options to Consider When a Real Estate Agent Violates the Rules
Source: Creators Syndicate --- Dear Monty: Can a real estate agent from the brokerage agency of the seller outbid your offer without it being considered a conflict of interest in New Jersey? Monty's Answer: There is limited information in your question, so it is...
Will Climate Change Concerns Impact Real Estate Investment Strategies?
Source: Up Jobs News --- Phoenix’s real estate market has been hot for quite some time, like much of the Sun Belt. According to Colliers, office, retail, and industrial investment sales in Phoenix through June 2022 totaled $4 billion. In 2021, Phoenix experienced...
‘SQUEEZED OUT’: Corporate investors swoop into Bartholomew County’s housing market
Source: The Republic --- Corporate investors have squeezed into Bartholomew County’s tight housing market, buying up dozens of homes and turning them into rentals in what analysts say is a nationwide trend that is making it harder for many first-time buyers to find...
Will Housing Prices Flatten — or Collapse?
Source: The Washington Post --- Home price appreciation is slowing fast across the country under the weight of higher mortgage rates, with typical property values even falling month-over-month in about a fifth of major metro areas in July. Clearly, the slowdown is...
Tough market: Rising mortgage rates making home buying harder
Source: Housing Wire --- The Rio Grande Valley was already struggling with housing affordability, and now higher mortgage interest rates are making it worse. That’s according to a new study from the Texas Real Estate Research Center of Texas A&M University, which...
Recent Posts
Hits and Misses for the Real Estate Week of Aug. 24-28- The Mortgage Market Is Healthy. That Doesn’t Mean Every Homeowner Is
- There Isn’t One U.S. Housing Market. We Need to Stop Talking Like The…
- Real Estate’s Next Fight Is Over Who Keeps the Homeowner Relationship
- More Borrowers Can Qualify for a Mortgage. That Doesn’t Make the Hous…
