Published by REALTOR.COM | February 28, 2023 The nation is still suffering from a severe housing shortage. But compared with one year ago, there are about 250,000 more homes for sale. Where are all the homes, anyway? Ever since the COVID-19 pandemic ignited a nationwide housing boom, wannabe buyers have been plagued by bone-dry home …
The 10 U.S. Cities With the Biggest Increases in Homes for Sale Read More »
Published by Breitbart News | February 27, 2023 The number of houses going under contract soared in January, although the sales volume remains well below last year’s level. The National Association of Realtors said its pending home sales index rose 8.1 percent in January, the largest monthly increase since the pandemic snapback in June of 2020. Economists …
Published by REALTOR.com | February 21, 2023 Spring is around the corner, and the signs are pointing to a pickup in sales on the horizon. Existing-home sales continued to ease in January, marking a yearlong stretch of declines coming off pandemic-fueled highs. But median home prices still are rising. Total existing-home sales—completed transactions that include …
Published by Forbes.com | February 16, 2023 Well-priced, well-marketed homes will receive attractive offers during their first weekend on the market. The fast-approaching spring home shopping season should feel a bit calmer than in recent years. Shoppers can expect competition for well-priced homes, but without the crowds of buyers that packed open houses like they …
Expect The Spring Housing Market To Be Calm, But Competitive Read More »
Published by Forbes.com | February 15, 2023 Last quarter’s drop in investor purchases surpassed the largest decline during the subprime mortgage crisis in 2008, when investor purchases slumped 45% as the housing market abruptly imploded. The number of homes scooped up by investors fell at a record pace last quarter amid higher mortgage rates and …
Housing Market Downturn Pushes Record Number Of Investors Away Read More »
Published by REALTOR Magazine | February 9, 2023 A slowdown is now underway, says NAR Chief Economist Lawrence Yun. But don’t expect to see dramatic price drops. After three years of runaway home prices, buyers may soon find relief. In some markets, they may have already found it. The National Association of REALTORS’ latest quarterly …
Published by Forbes.com | January 31, 2o23 Only in 10 of the 50 largest U.S. cities can two full-time workers earning minimum wage comfortably afford a typical two-bedroom rental. Nationally, four minimum-wage workers would have to double up in both bedrooms to not stretch their budgets, finds a new Zillow analysis shining a light on …
Here’s Why Renters Need To Work More Hours To Afford Rent Read More »
Published by FOX Business | February 6, 2023 During the COVID-19 pandemic, home prices soared at a pace not seen since the 1970s with mortgage rates near a record low. A U.S. economist famous for predicting the 2008 housing crash believes that home prices could plunge another 15% this year. In a recent analyst note, Ian …
Economist Who Called 2008 Housing Crash Predicts Another 15% Drop in Home Prices Read More »
Published by FOX Business | February 1, 2023 The U.S. housing market is in for a rough year, according to the CEO of one private equity investment firm. The 30-year fixed mortgage rate dipped for the fourth week in a row to 6.19% this week from 6.23% last week. A year ago, the average rate …
Investment Firm CEO: U.S. Housing Market Seeing ‘Meaningful’ Damage That’s ‘Not Normal’ Read More »
Published by The New York Post | January 24, 2023 As interest rates continue to skyrocket, home prices across the country have continued to plummet — and Goldman Sachs says the declines will only worsen and extend through 2023. In a note to clients earlier this month, Goldman Sachs forecasted that four American cities in particular …
Goldman Sachs: These 4 Cities Will Suffer a 2008 Crash in Home Values Read More »
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