#housing market

#housing market

Diverse housing options under a million dollars offer spacious and renovated apartments in various locations. [ more ]

Variety of housing configurations available under a million dollars. [ more ]

The American Dream of owning a home is becoming less attainable. [ more ]

High-end homes priced above $1 million may not stabilize in the housing market until later than the rest, projected around 2012. [ more ]

Higher mortgage rates above 7% limit affordability for new homebuyers. [ more ]

Home prices continue to rise despite higher inventory and mortgage rates. [ more ]

Housing leads the U.S. economy in and out of recessions, with builders' confidence tied to mortgage rates [ more ]

Homebuyers paid significantly higher interest rates in 2023 compared to 2022.

Tight housing inventories and record-high home prices were influenced by the increase in mortgage rates. [ more ]

Spacious property in Oakland sold for $1,525,000

Variety of house sizes and prices in Oakland's real estate market [ more ]

US mortgage rates fell for the first time since late March, potentially providing relief to homebuyers and boosting applications. [ more ]

U.S. home prices continued to rise due to housing shortage, benefiting existing homeowners with record equity levels. [ more ]

Glenn Kelman, CEO of Redfin, suggests a possible housing collapse this year. [ more ]

California's population decreased, housing stock increased, yet cost of living remained high due to economic factors like expensive mortgages and high demand.

The addition of mostly pricier housing options in California did not lead to affordability improvements, with factors like demand from investors and low unemployment contributing to high housing costs. [ more ]

California's population grew by over 67,000 in 2023 after the first increase since 2020, attributed to factors like rebounded immigration and natural population increase. [ more ]

The Government and Labour leader oppose rent controls. The Greens propose freezing private rents for two years and involving landlords in the process to prevent the market from collapsing. [ more ]

California cities dominate the list of highest home-price-to-income ratios in the U.S. [ more ]

Mortgage rates are currently at 7%, causing challenges for home buyers. [ more ]

Home sellers are entering the spring market with more realistic expectations, anticipating less bidding wars and more balanced conditions. [ more ]

Debt relief for student loans may boost housing market by aiding in down payments and increasing purchasing power.

Critics caution that the increased buying power could lead to higher home prices due to limited housing supply. [ more ]

Shortage of homes will continue in 2024, keeping prices high despite potential mortgage rate drops.

Historic seasonal trends disrupted by the pandemic, but some normalization expected in 2024 with continued supply-demand imbalance. [ more ]

Inventory levels in the housing market are starting to shift post-pandemic, with some cities seeing higher levels than pre-pandemic years.

Factors contributing to the rebound in housing inventory include homeowner decisions prompted by rising mortgage rates and the construction industry's adaptation to pandemic challenges. [ more ]

Homebuyers in nearly half of the country need six figures to buy a home.

Households who can afford a home face higher monthly costs due to surging prices and mortgage rates. [ more ]

Dreamies hosted a cat convention for people to test if the 5% of cats that don't like their treats are actually humans named Cat.

Zillow's 'Home Just Got Real' campaign acknowledges the challenges young adults face in the current housing market.

Creative campaigns turn basic statistics into engaging narratives that captivate viewers. [ more ]

London's most prestigious streets command multi-million pound prices for glamorous properties. [ more ]

Monthly mortgage payments reached an all-time high of $2,747, primarily due to increasing home prices and continued high mortgage rates. [ more ]

Southern California home prices hit record high in March 2022, despite high mortgage rates.

A combination of low inventory, wealth gap, and cash buyers contributes to the unaffordable housing market. [ more ]

Sales are increasing due to rising supply, signaling a shift from a supply-constrained market.

Flat demand and increased supply are curbing upward pressure on home-price appreciation for 2024. [ more ]

Weekly housing inventory data can fluctuate due to short-term factors like holidays.

Despite recent weekly decreases, year-over-year housing inventory is still growing, showing positive signs for the market.

Spreads between 10-year yield and 30-year mortgage rates improving could indicate a positive trend for the future of the housing market. [ more ]

Mortgage rates fell to 6.79% for a 30-year fixed loan.

A growth rate of 14.9% in new listings provides more options for homebuyers. [ more ]

Homeowners are spending 60% more on renovations from 2020 to 2023 due to factors like low inventory, rising home prices, and high mortgage rates.

Many homeowners are choosing to invest in renovations for their current homes rather than moving, with 62% planning to stay put for an additional 11 years. [ more ]

Being underwater on a mortgage means loan balance exceeds home value.

Options like short sales or dipping into savings may have long-term financial implications. [ more ]

Spring is the busiest time for homebuying.

Housing market is facing uncertainty with price increases slowing. [ more ]

Housing prices in Miami-Dade and Broward counties have reached an all-time high.

Sales of single-family homes and condos in South Florida have shown varying trends in terms of prices and inventory. [ more ]

Housing market in Palo Alto is active with properties being sold at high price per square foot values.

Different properties in Palo Alto vary in size, number of bedrooms, bathrooms, and selling prices. [ more ]

Short-term rentals in unincorporated areas restricted to primary residences

Proposed ordinance aims to regulate short-term rentals in L.A. County [ more ]

Foreclosure filings increased by 8% annually with about 33,000 properties in February.

Lenders repossessed fewer homes in February, down 11% year over year. [ more ]

Craftsman bungalows originated in India but became historically American through the Arts and Crafts movement, adapting to different regions.

Craftsman bungalows are known for style, character, durability, and affordability, with many well-preserved old homes available at reasonable prices. [ more ]

US mortgage rates below 7% for the first time in a month, boosting home purchase applications.

30-year fixed mortgage rate drops 18 basis points to 6.84%, the biggest decline in three months. [ more ]

Marcia L. Fudge announced her resignation as the secretary of housing and urban development to spend more time with her mother.

President Biden praised Fudge for her efforts in lowering housing costs, assisting first-time home buyers, and increasing housing supply. [ more ]

Mortgage rates dropped to 6.88% after nearing 7%.

Purchase demand rose in response to lower rates, but rates still impede potential homebuyers. [ more ]