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What Will the Housing Market Look Like Once Mortgage Interest Rates Drop?

Housing Market, Interest Rates / By W. J. Mencarow

Published by REALTOR.com | February 29, 2024 Experts predict what lower mortgage rates would mean for homebuyers and the housing market in general. Homebuyers who are gearing up to shop the spring housing market might wonder whether the mortgage rate gods will smile in their favor. They’re right to worry: In October, rates hit a 23-year …

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Would a Recession Clobber the Housing Market or Make It Affordable Again?

Economy, Housing Market / By W. J. Mencarow

Published by REALTOR.com | February 20, 2024 Fears of another recession striking have been mounting as the Federal Reserve has attempted to slow the U.S. economy down by raising interest rates. While the Fed’s rate increases brought the real estate market to a near halt and contributed to the scores of layoffs at some high-profile companies, it’s looking …

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From Surging Layoffs to a Presidential Election: What Will 2024 Bring for the Housing Market?

Housing Market, Residential / By W. J. Mencarow

Published by REALTOR.com | February 13, 2024 Could the presidential election stall home sales? This year has barely begun, and it already seems destined for the history books. The next 11 months are jam-packed with a combative presidential election, two large wars abroad, a string of high-profile companies announcing layoffs, and fears over whether the …

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The Housing Market Sees the ‘Biggest Jump’ in 3 Years

Housing Market, Residential / By W. J. Mencarow

Published by REALTOR.com | February 9, 2023 Spring might be coming early—particularly for the housing market. The biggest indicator that the largely frozen market is thawing is the massive spike of fresh listings that sellers added to the market, according to the latest data from Realtor.com®. New listings were up by a whopping 12.8% for the week …

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Is the Housing Market Bouncing Back—or Bouncing Back and Forth?

Housing Market, Residential / By W. J. Mencarow

Published by REALTOR.com | February 1, 2024 The housing market’s outlook remains murky in part because the Federal Reserve’s battle against inflation is not yet over. Is the housing market bouncing back in 2024—or just bouncing back and forth? There have been some signs of housing inventory recovering, with the number of homes actively for …

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The 15 Most Expensive U.S. Neighborhoods Per Square Foot

Housing Market, Residential / By W. J. Mencarow

Published by CNBC | January 29, 2023 No. 1 is 2,000% higher than average South of Market is a historic San Francisco downtown district with museums, a vibrant nightlife and a desirable mix of loft buildings and high-rise luxury condominiums. It also happens to be the most expensive neighborhood in the U.S., as measured by …

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Major U.S. Cities Create Innovative Solutions Amidst Continuing Housing Crisis

Housing Market, Rental Property / By W. J. Mencarow

Published by FOX Business | January 25, 2024 Cities across the country are finding unique ways to add more housing with limited land. A Charlotte motel will soon become an apartment complex. A Rodeway Inn in Charlotte’s northern part of town is currently in the closing process with a Washington-based developer, Sage Investments LLC. The …

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Home Sales Fall Again, Closing Out Worst Year Since 1995

Housing Market, Residential / By W. J. Mencarow

Published by Breitbart News | January 19, 2024 Sales of previously owned homes in the U.S. fell in December, the sixth decline in the last seven months, confirming 2023 as the worst year for home sales since 1995. The demand for homes remains very strong, despite high interest rates. But because many owners would be …

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Is The American Dream Dead? Gen Z Balking at Homeownership

Housing Market, Residential / By Bridget Martin

Published by FOX Business | December 28, 2023 64% of Americans are homeowners, a rate lower than that of China and Brazil Gen Z no longer sees homeownership as an aspiration and is increasingly balking at mortgages to rent in luxury amenity-filled apartments instead. Young Americans have taken to social media apps like TikTok in recent months, …

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Latest Home Sales Data Offers Hope: Is America’s Housing Market Finally Looking Up?

Housing Market, Residential / By W. J. Mencarow

Published by REALTOR.com | December 21, 2023 Has the housing market finally turned a corner to end the year looking merry and bright? A new report from the National Association of Realtors® has found that after five straight months of declines, sales of existing homes ticked up by 0.8% in November compared with the previous month, to a seasonally …

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