U.S. Home Prices Fall For First Time Since 2012, Largest Ever Deceleration

Economy / By

Published by Breitbart | September 27, 2022 Home prices fell in July compared with the previous month, according to the S&P CoreLogic Case-Shiller Index. This is the first national decline since 2012. Before seasonal adjustment, the U.S. National Index fell 0.3 percent month-over-month decrease in July, while the 10-City and 20-City composites both posted decreases of …

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Rent On The Rise: U.S. Markets Where Prices Rose Fastest In August

Economy, Rental Property / By

Published by FOX Business | September 24, 2022 Cincinnati saw the biggest jump among the 50 most populous metros Renters are facing higher costs as lease prices reached record highs in August. The national median asking rent climbed 11% year-over-year, though some areas saw increases more than double that. For instance, asking rents in Cincinnati, Ohio, …

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Existing Home Sales Fall in August, and Prices Soften Significantly

Economy / By

Published by CNBC | September 21, 2022 Sales of previously owned homes fell 0.4% in August from July to a seasonally adjusted annualized rate of 4.80 million units, according to the National Association of Realtors That is the slowest sales pace since May 2020, when activity stalled very briefly due to the start of the …

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Nearly One Quarter of Home Builders Cutting Prices as Confidence Falls for Ninth Straight Month

Economy / By

Published by Breitbart News | September 19, 2022 Builder sentiment fell for the ninth straight month in September as rising interest rates, supply chain disruptions, and high home price weighed on affordability. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released Monday fell three points to 46. Anything below 50 indicates that …

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These Housing Markets Are The Most Vulnerable In Recession

Economy / By

Published by FOX Business | September 16, 2022 Housing markets in the New York City and Chicago areas, in particular, were most vulnerable New Jersey, Illinois and inland California have the highest concentrations of the housing markets that are most vulnerable in an economic downturn due to high unemployment rates and low affordability, according to a …

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Supply Chain Issues Plaguing Lumber Distributors, Home Improvement Companies

Economy / By

Published by FOX Business | September 13, 2022 One lumber distributor is paying over six times as much for plywood compared to three years ago Issaquah Cedar and Lumber, located just outside of Seattle, gets wood shipped in from Canada. During the COVID-19 pandemic, however, suppliers struggled with staffing shortages and stopped taking orders. With less supply, …

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IRS Refunding $1.2B in Late-Filing Penalties; Here’s How to Collect

Behind The News, Covid-19, Economy / By

Published by FOX Business | September 12, 2022 IRS: Most late-filing refunds will be issued by the end of September The Internal Revenue Service is sending refunds to more than a million Americans who filed their taxes late in the early days of the COVID-19 pandemic – but time is running out for taxpayers to collect …

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Confused About the Housing Market? Here’s What’s Happening Now – And What Could Happen Next

Interest Rates, Mortgages / By

Published by CNBC | September 9, 2022 The slowdown in the otherwise red-hot housing boom has been stunningly swift. The U.S. housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates. Now, real estate agents who once reported lines of buyers outside open houses and bidding …

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Homeless Crisis Hurting Portland Housing Market

Behind The News / By

Published by FOX Business | September 7, 2022 Portland real estate broker says houses ‘sell for slightly less’ due to homeless camps spreading into residential neighborhoods As Portland residents have started speaking out against far-left politicians over the homeless crisis and crime surge fueling an exodus from the city, a local real estate broker is describing …

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