Published by REALTOR.com | February 23, 2023 As the new year kicked off, the wild run-ups in rental prices that terrorized tenants last year appear to have leveled off. January was the 12th month in row where rent growth slowed, according to the Realtor.com® monthly rental report. Monthly rents were down $80 from the peak in …
Rental Prices Continue To Tick Up, but the Wild Increases Appear To Be Over Read More »
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 17, 2023 This week’s inflation data has pushed mortgage rates to the highest level in months—already sidelining some potential home buyers. According to real estate brokerage Redfin, home buying demand, as measured by tour requests from prospective homebuyers, fell for the first time in more than a month last week …
Housing Market Slows Again As Hot Inflation Drives Up Mortgage Rates Read More »
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 FOX Business | February 8, 2023 The average loan size increased in the past week to $428,500 – the largest average since May 2022 Activity in the housing market showed a rebound in the past week as mortgages rates fell for a fifth straight week. The 30-year fixed mortgage rate inched lower to 6.18%. …
Mortgage Activity Rebounds, Skewed Toward High-Priced Homes 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 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 FOX Business | January 25, 2023 The Biden Administration recently announced new actions to ‘protect renters and promote rental affordability’ The White House announced it is taking strategic steps to protect renters, including setting up limits on egregious rate hikes. Critics, however, have called out the Biden administration’s one-size-fits-all program that makes changes …
White House Using One-Size-Fits-All Plan to Protect Renters at Landlords’ Expense Read More »
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