Residential

Real Estate Experts Say ‘Challenges’ To Buyers and Sellers Are The ‘Greatest Ever’

Housing Market, Residential / By

Published by FOX Business | August 11, 2023 Recent data from mortgage buyer Freddie Mac indicated the U.S. homebuyer’s monthly costs have surged nearly 20% compared to one year ago. For homebuyers and sellers alike across America, there’s a massive “struggle” being felt to close deals or make any money. “The challenges to real estate buyers and …

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The Four U.S. Cities Facing The Biggest Housing Shortages

Economy, Housing Market, Residential / By

Published by FOX Business | August 10, 2023 San Antonio, Dallas, Orlando among US cities facing major housing shortage Prospective homebuyers across the U.S. are facing a chronic shortage of available houses, but the scarcity is worse in some parts of the country, according to new Bank of America research. The analysis found four cities are …

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The Tragic Disintegration of Life & Freedom in San Francisco

Rental Property, Residential / By

Published by The Independent Sentinel | August 3, 2023 Progressives are destroying the once-beautiful city. Life in San Francisco is rapidly changing. The quality of life and freedom are disintegrating under the Progressives. From families with children to landlords to 1st responders, Progressives are destroying the once-beautiful city. The entire state is not what was.They …

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NAR Economist: ‘Housing Recession Is Over’

Economy, Housing Market, Residential / By

Published by REALTOR.com | July 27, 2023 Contract signings picked up the pace last month, and home buyers are increasingly facing multiple offer situations. Pending home sales rose slightly in June, and the latest indicators are showing a housing market on the mend. Median existing-home sales prices in June soared to their second highest on record …

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New Home Sales Decline For First Time Since February

Housing Market, Residential / By

Published by FOX Business | July 26, 2023 Sales of new U.S. homes fell in June for the first time in four months, suggesting that high mortgage rates and limited supply are continuing to sideline would-be buyers. New single-family home purchases tumbled 2.5% to a seasonally adjusted annual rate of 697,000 units, the Commerce Department reported Wednesday. …

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Home Sales Drop While Prices Surge Near Record High

Housing Market, Residential / By

Published by REALTOR.com | July 20, 2023 Existing-home sales slowed again last month, but aspiring home buyers continue to face competition for limited inventory. Existing-home sales continued to retreat in June as the housing market faces a crushing inventory shortage. But high buyer demand is still evident as home shoppers bid up prices. The median …

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Only a Tenth of Mortgages Have an Interest Rate Above Six Percent

Interest Rates, Mortgages, Residential / By

Published by REALTOR.com | July 17, 2023 Mortgage rates are inches away from 7%—but less than a tenth of U.S. homeowners have a home loan at that rate. Only nine percent of all existing mortgages in the U.S. were taken out with a rate of above six percent, according to data from the Federal Housing …

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Economist: U.S. Home Prices Still Face A ‘Steep and Sustained’ Decline This Year

Economy, Housing Market, Residential / By

Published by FOX Business | July 14, 2023 Economist warns ‘the bulk of the drop in home prices is yet to come’ The U.S. housing market has defied expectations for a crash so far this year, but a steep decline in home prices could be right around the corner, according to a new analyst note …

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Amazingly, 2023 Is Not the Most Unaffordable It’s Ever Been To Buy a Home

Housing Market, Residential / By

Published by REALTOR.com | July 10, 2023 Buying a home today might seem like the most unaffordable it’s ever been. However, the baby boomers had it worse. Yes, we’ve all heard it. Buying a home today might seem like the most unaffordable, and therefore impossible, it’s ever been. Home prices are near record levels, pushed up by …

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New York City Free Market Multifamily: Pocket Of Strength Amid Regulations, Lack Of Housing

Residential / By

Published by Forbes.com | July 5, 2023 Over-regulation and the systemic lack of new housing in New York City have created an opportunity for investors in free-market multifamily assets. The following is an excerpt. Click the button at the bottom to read the full article. Over-regulation and the systemic lack of new housing in New …

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