Residential 15 | Paper Source Online

White House Using One-Size-Fits-All Plan to Protect Renters at Landlords’ Expense

Rental Property, Residential / By W. J. Mencarow

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 …

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Goldman Sachs: These 4 Cities Will Suffer a 2008 Crash in Home Values

Housing Market, Residential / By W. J. Mencarow

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 …

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Breitbart: Home Sales Edge Toward a Topsy-Turvy Turning Point

Housing Market, Residential / By W. J. Mencarow

Published by Breitbart News | January 20, 2023 The housing market has been weird for almost a year and now it appears to be on the verge of flipping that weirdness upside down. Sales of existing homes, the largest part of the market, have been declining for eleven months, largely as a result of the …

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Texas, Florida, Carolinas Among Most Moved To States in 2022

Economy, Residential / By W. J. Mencarow

Published by FOX Business | January 14, 2023 Moving companies say some hot spots are Texas, Florida, and the Carolinas. It’s a trend that’s continued since the pandemic; many Americans are moving to a different state. Moving companies say some hot spots are Texas, Florida, and the Carolinas. One moving company says retiring Baby Boomers are …

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Home Price Growth Is Cooling Fast—Does It Spell a Big Break for Homebuyers This Year?

Residential / By W. J. Mencarow

Published by REALTOR.com | January 12, 2023 December brought good tidings to homebuyers in the real estate market. Nationally, median home list prices dropped about 11% from their peak over the summer to hit $400,000 in December, according to a recent Realtor.com® report. While prices were still up by about 8.4% year over year in December, …

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A Record Share Of Home Sellers Gave Concessions To Buyers In The 4th Quarter

Residential / By W. J. Mencarow

Published by Forbes.com | January 5, 2023 Concessions have made a comeback as rising mortgage rates, inflation and economic uncertainty have dampened home-buying demand In a key sign that the tide is turning in favor of home buyers, sellers gave concessions to buyers in 41.9% of home sales in the fourth quarter—the highest share of any …

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Harsh Warning on U.S. Real Estate Market: ‘America Needs More Housing’

Residential / By W. J. Mencarow

Published by FOX Business | January 6, 2023 Brian Lewis argues that there is ‘no national market’ on ‘The Claman Countdown’ One real estate expert issued a warning to Americans that the U.S. is suffering from a housing inventory crisis that could further damage the market. “Here’s the thing about America — we don’t have inventory. …

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Forbes: Home Price Expectations For 2023

Residential / By W. J. Mencarow

Published by Forbes.com | December 30, 2022 Expect falling home prices in 2023. How much will depend on which market. Home prices go up and down according to supply and demand. Very simple. But because homes aren’t commodities like wheat and corn it’s much harder to predict how much supply and demand there actually is. …

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Luxury Home Sales Crash 38% in Record Decline amid Economic Woes

Economy, Residential / By W. J. Mencarow

Published by Breitbart News | January 2, 2023 Luxury home sales took a significant plunge recently as the nation grapples with economic problems. Sales of luxury homes fell 38.1% year over year during the three months ending November 30, 2022, the biggest decline on record, according to a new report from Redfin, a technology-powered real …

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U.S. Suffering From The Second Biggest Home Price Correction Of The Post-WWII Era

Economy, Residential / By W. J. Mencarow

Published by FOX Business | December 30, 2022 55% of Americans say they cannot afford to buy their home in today’s market, according to the CATO Institute 2022 Housing Affordability National Survey The U.S. housing market is experiencing its second-biggest home price correction of the post-World War II era. Macro Trends Advisors founding partner Mitch Roschelle …

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