Residential

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

Residential / By

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

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

Economy, Residential / By

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

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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Rising Cost of Homeownership Leads to Increased Popularity of Build-To-Rent Communities

Residential / By

Published by REALTOR.com | December 27, 2022 A for-sale market with still-high housing prices and surging mortgage interest rates are pricing many out of homeownership, at least for now. Many renters crave the extra bedrooms, laundry facility, and backyard big enough for a pair of swings and a slide that single-family houses provide. But they’re …

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Homelessness Ticked Up In 2022 as Rising Rents Continued To Price People Out

Economy, Rental Property, Residential / By

Published by REALTOR.com | December 19, 2022 Homelessness rose this year as rents and home prices spiked across the country. In January 2022, nearly 582,500 people experienced homelessness, according to a recent U.S. Department of Housing and Urban Development report. That figure is a slight increase—about 0.3%—from 2020. However, homelessness fell 10% over the past 15 years. …

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Study: More Than 250K Homebuyers in 2022 are Underwater on Mortgages

Mortgages, Residential / By

Published by WJTV News | December 10, 2022 The findings reflect a real estate market that has seen home prices cool in recent months amid a period of rapidly rising mortgage rates. More than 250,000 borrowers who purchased homes this year now owe more than their house is worth today, according to a new analysis. …

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Zillow Names The 10 Best Metros For First-Time Home Buyers In 2023

Residential / By

Published by Forbes.com | December 7, 2022 Wichita, the largest metro in Kansas, landed the top spot largely because of its relative affordability. As the share of buyers purchasing a home for the first time rebounds to pre-pandemic levels amid a changing market, a new Zillow analysis rates Wichita, Kansas as the top area in America for potential …

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