Housing Market 5 | Paper Source Online

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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Biden Has A Housing Problem

Economy, Housing Market / By W. J. Mencarow

Published by Forbes.com | December 13, 2023 Biden has not won over voters, and one obvious culprit behind the economic pessimism is the housing market. Unemployment is low, economic growth is strong, inflation has moderated, and income inequality has declined for the first time since 2007. However, home sales are at lows not seen since 2008, and 2023 is on pace to …

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Inflation Fears Explain A Seeming Housing Market Mystery

Economy, Housing Market, Residential / By W. J. Mencarow

Published by Forbes.com | November 27, 2023 The cost of housing has continued to rise, diving down affordability for the average American. Yet homebuying has held up. Inflation fears explain why. Housing has become increasingly expensive. According to the National Association of Realtors, mortgage rates on average have risen by more than a full percentage point over …

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These Housing Markets Are Expected to See Double Digit Sales Growth in 2024

Housing Market, Residential / By W. J. Mencarow

Published by FOX Business | December 4, 2023 U.S. housing markets that saw the biggest sales declines in 2023 are projected to achieve double-digit sales growth in the new year, according to data from Realtor.com. Industry economists with the real estate listings website determined the top 10 housing markets that are expected to fare well …

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The Magic Number: What Mortgage Rates Would Get Buyers and Sellers Excited To Move?

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

Published by REALTOR.com | November 29, 2023 The double whammy of persistently high mortgage rates and pricey homes has paralyzed the housing market, pushing buyers to the sidelines. Lately, the universe has hit the pause button on the housing market. The double whammy of persistently high mortgage rates and pricey homes has paralyzed the housing market, pushing buyers …

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America’s Housing Market Just Marked a ‘New Record’ Homebuyers Can’t Afford To Ignore

Housing Market, Residential / By W. J. Mencarow

Published by REALTOR.com | November 30, 2023 A new report by Realtor.com® has found that 7.5% more home sellers listed their homes in November than this same month last year. Homebuyers who brave the cold to get out there and shop for homes right now face a strange mix of really good and really bad …

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Mortgage Rates Fall Again: Is a ‘Balanced Housing Market’ Finally on the Horizon?

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

Published by REALTOR.com | November 17, 2023 This downward trend in mortgage rates is one sign that 2024 might be a happy year for home shoppers. With just about six more weeks to go in 2023, the tough housing market might finish the year with a surprise. Mortgage rates fell for the third week in a …

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