Residential

Breitbart: The Housing Market Declares Independence from the Fed

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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Expert Warns Landlords Over Progressive Policies Allowing Squatters

Published by FOX Business | June 23, 2023 Data shows 5.1 million U.S. households are behind on rent as of May 2023 Step through the doors of a house that’s just been vacated of squatters, and you might be shocked at the property’s condition. Anchor Realty co-owner Walter Lapidus’ recently regained a Philadelphia-area home with multicolored …

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

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?

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

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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Study: Residents in Major U.S. City May Need at Least $85K to Afford Rent

Published by FOX Business | June 9, 2023 Tampa, Florida is ranked 18th on an index of the most overpriced metro areas in the country A new study found that people living or wanting to move to one of the Sunshine’s state fastest growing cities need to make at least $85,000 annually to afford the skyrocketing housing …

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Zombie “Second Mortgages” Haunt Unsuspecting Homeowners

Published by Find My Way Home A second mortgage included in bankruptcy can foreclose years after it has been discharged, and can cost you a lot of money! As an expert in helping homeowners and homebuyers qualify for home loans after a bankruptcy, foreclosure, short sale or deed in lieu, I talk to folks all over …

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

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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The Ugly Truth Behind “We Buy Ugly Houses”

Published by ProPublica | May 11, 2023 HomeVestors of America, the self-proclaimed “largest homebuyer in the U.S.,” trains its nearly 1,150 franchisees to zero in on homeowners’ desperation. HomeVestors of America boasts that it helped pioneer the real estate investment industry. Founded in 1996 by a Texas real estate broker, the company has developed a …

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Derelict Florida House Lists for $650k. It’s Already Under Contract.

Published by CBS News | May 10, 2023 Real estate developers appear to smell financial opportunity in a badly dilapidated Florida home that comes fully ventilated via sizable holes in its ceiling. The single-family house in Miami Shores Village is listed for $650,000. It has drawn multiple offers and is currently under contract, according to …

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