Housing Market

Housing Affordability Plummets to Lowest Level Since 2007 As Prices Jump

Housing Market, Residential / By

Published by FOX Business | July 5, 2023 Home prices jump in 98% of U.S. counties as affordability plummets Housing affordability in the U.S. declined again in the spring as home prices surged nationwide, according to new data from real estate analytics firm ATTOM. The findings show the price of a median single-family house surged to $350,000 …

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Breitbart: The Housing Market Declares Independence from the Fed

Economy, Housing Market, Residential / By

Published by Breitbart News | July 3, 2023 It’s not exactly a self-evident truth, but it is a data-evident truth: the U.S. housing market is recovering. Construction spending on single-family homes rose for the first time this year in May, data released by the Commerce Department showed on Monday. This was not just a tick …

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Fewer First-Time Buyers Can Compete in Today’s Pricey Market

Housing Market, Residential / By

Published by REALTOR.com | June 21, 2023 About 2.4 million households have been priced out of homeownership over the past year. First-time homebuyers and people of color have been particularly affected by higher home prices and mortgage interest rates, according to the Joint Center for Housing Studies of Harvard University’s annual State of the Nation’s Housing …

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Foreclosures Are Spiking—How Bad of an Omen Is This for the 2023 Housing Market?

Foreclosure, Housing Market, Residential / By

Published by REALTOR.com | June 9, 2023 The number of homeowners receiving a foreclosure filing spiked in May, causing many to draw uncomfortable parallels with the Great Recession. The number of homeowners receiving a dreaded foreclosure filing spiked in May. About 1 in every 4,000 homes had a foreclosure filing in May, according to a recent report from real …

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Affordability Crunch: Where Middle-Class Buyers Can Afford Homes the Most—and the Least

Housing Market, Residential / By

Published by REALTOR Magazine | June 8, 2023 Today’s homebuyers are learning that finding a move-in ready home in a good location that they can comfortably afford is about as rare as a winning Powerball ticket. A dire housing shortage has kept prices strong and competition fierce among buyers despite high mortgage interest rates. That’s left less than …

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How a Ron DeSantis Presidency Would Affect the Nation’s Housing Market

Housing Market, Residential / By

Published by REALTOR.com | May 24, 2023 Whoever wins the 46th presidency—from either side of the aisle—will have a major challenge in tackling the housing crisis. After months of fueling rumors, DeSantis formally announced his bid for the U.S. presidency on Wednesday. What would that mean for the housing market if he wrests the Republican …

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A Debt-Ceiling Crisis Would Hit The Housing Market Like A Hurricane

Economy, Housing Market / By

Published by Forbes.com | May 18, 2023 Natural disasters tend to temporarily halt the housing market in affected areas. If the U.S. hits the debt ceiling, expect a similar effect on the housing market. If the United States breaches the debt ceiling, it would hit the housing market like a natural disaster. Whenever there is …

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Fannie Mae: The One Big Reason Potential Home Buyers Are More Optimistic on Housing Market

Housing Market, Interest Rates, Residential / By

Published by REALTOR.com | May 8, 2023 Consumers expect mortgage rates to drop, so they’re feeling a lot more optimistic about the housing market, according to a recent Fannie Mae poll. After the U.S. Federal Reserve’s rate increase last week, the Fed Chair signaled a potential pause in hikes. Rates dipped after the news, and economists are …

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It’s Deja Vu in the Housing Market—Is It 2006 All Over Again?

Housing Market, Residential / By

Published by REALTOR.com | April 25, 2023 The question on the minds of homebuyers, sellers, and homeowners is what is going to happen with home prices. Does this sound disturbingly familiar? Skyrocketing home prices have very suddenly leveled off. Recession fears are swirling. The number of home sales has dropped. Is it 2006—the year that saw the …

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