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  • Consumer confidence in housing rises as prices fall
    Real Estate News

    Consumer confidence in housing rises as prices fall

    January 10, 2023 /

    Property finance loan fees are nonetheless 2 times what they were being a calendar year in the past, but household rates have been falling due to the fact June, and that’s eventually creating consumers experience improved about what had been an overheated, remarkably competitive housing market place. A month to month housing sentiment index from Fannie Mae confirmed sentiment improving upon from November to December. The index is however decrease than it was a calendar year back and just a bit off its file minimal established in October and November. associated investing information The share of respondents indicating now is a fantastic time to get a house was continue to…

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    Francis McGee Comments Off on Consumer confidence in housing rises as prices fall

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    The housing market wakes from the dead

    The housing market wakes from the dead

    January 28, 2023
    Red-hot Miami housing market expected to defy 2023 cost correction as blue state exodus continues

    Red-hot Miami housing market expected to defy 2023 cost correction as blue state exodus continues

    January 21, 2023
    Boise, Las Vegas, and Phoenix look like housing busts—this interactive map shows the shift in your local housing market

    Boise, Las Vegas, and Phoenix look like housing busts—this interactive map shows the shift in your local housing market

    November 19, 2022
  • Where are home prices in America’s 400 largest housing markets headed in 2023? These 5 charts give us some clues
    Real Estate News

    Where are home prices in America’s 400 largest housing markets headed in 2023? These 5 charts give us some clues

    December 23, 2022 /

    When it’s very apparent that pressurized housing affordability has triggered some deflation in the U.S. housing current market, sector insiders remain divided on what the ongoing house price correction will appear like in 2023. The explanation? Need and supply are sending blended alerts. On the housing need entrance, factors keep on being slumped with mortgage order programs (down 38{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} calendar year-around-calendar year) presently just under their lowest point throughout the 2000s housing crash. On one hand, if money circumstances ease and property finance loan premiums slide in 2023, homebuyer desire would enhance. On the other hand, the pandemic’s housing desire boom could’ve experienced a pull-forward outcome that benefits in a…

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    Francis McGee Comments Off on Where are home prices in America’s 400 largest housing markets headed in 2023? These 5 charts give us some clues

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    Housing prices take some buyers out of the market

    Housing prices take some buyers out of the market

    April 23, 2023
    US suffering from the second biggest home price correction of the post-WWII era

    US suffering from the second biggest home price correction of the post-WWII era

    January 1, 2023
    Kyle Richards’ husband opens real estate firm in Palm Beach County

    Kyle Richards’ husband opens real estate firm in Palm Beach County

    January 25, 2023
  • Are home prices still going up? What’s happening with mortgage rates?
    Real Estate News

    Are home prices still going up? What’s happening with mortgage rates?

    December 9, 2022 /

    Potential buyers remained reluctant to take the plunge on financing a home purchase even as mortgage rates fell for the fourth straight week. Mortgage applications decreased 2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} the week ending Dec. 2 compared to the previous week. And the average loan size for a purchase application was at its lowest level since January 2021. Meanwhile, the average rate for a 30-year fixed mortgage trended down to 6.33{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} as of Dec. 8, according to the latest data from Freddie Mac. The fixed-rate mortgage has more than doubled from a year earlier when it averaged 3.1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The pandemic-era housing boom, combined with decades-high inflation and volatile mortgage rates, are forcing prospective homebuyers and homesellers to sit…

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    Francis McGee Comments Off on Are home prices still going up? What’s happening with mortgage rates?

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    Up from here? The free fall in housing market demand just concluded, says Capital Economics

    Up from here? The free fall in housing market demand just concluded, says Capital Economics

    January 20, 2023
    Zillow’s VRX Acquisition Reveals Why The Portal Can’t Be Dismissed

    Zillow’s VRX Acquisition Reveals Why The Portal Can’t Be Dismissed

    December 10, 2022
    Homes for Sale in Brooklyn and Manhattan

    Homes for Sale in Brooklyn and Manhattan

    April 14, 2023
  • Tech layoffs slow Bay Area housing market as home prices fall
    Real Estate News

    Tech layoffs slow Bay Area housing market as home prices fall

    November 19, 2022 /

    Increase tech firm layoffs to the checklist of headwinds going through the Bay Space housing industry. Increasing mortgage loan costs, economic downturn fears and a unstable stock current market have all tamped down dwelling sales and costs in new months from document-environment pandemic highs. Now, coming into the customarily slow winter real estate year, rising uncertainty in the region’s main marketplace is offering would-be customers a different rationale for pause. “We have customers who have been in and out of on the lookout at purchasing,” reported Silicon Valley real estate agent Mary Pope-Useful. “One of them performs at … Facebook, and they explained. ‘I did not get laid off, but…

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    Housing market analysts are divided: Zillow and Moody’s issue starkly different home price forecasts for the nation’s 400 largest markets

    Housing market analysts are divided: Zillow and Moody’s issue starkly different home price forecasts for the nation’s 400 largest markets

    April 10, 2023
    San Diego home sales fall to lowest level in 35 years

    San Diego home sales fall to lowest level in 35 years

    March 1, 2023
    Economists: A US housing recession has already arrived

    Economists: A US housing recession has already arrived

    December 8, 2022
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