#real-estate-market

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#mortgage-rates

Looking to buy a home? Redfin's research lead says a flood of housing supply is set to hit the market by the end of 2025 as locked-in homeowners finally start selling.

Mortgage rates to drop in late 2025 as housing supply increases.

Will homebuyers jump at cheaper mortgage rates?

Mortgage rates dropping to under 6.5% could potentially boost homebuyer demand.

Weekly Mortgage Rates Drop, Easing Affordability

Mortgage rates have fallen following Fed Chair Powell's indication of impending interest rate cuts, enhancing affordability for homebuyers.

Average rate on a 30-year mortgage eases to its lowest level in more than a year

Mortgage rates dropped to a low of 6.35%, offering potential home buyers relief amid high home prices.

Jerome Powell and the Fed have accidentally jammed the property market

The Federal Reserve's rate strategy is constraining the property market as consumers hold onto lower mortgage rates.

Tired of Waiting for Lower Mortgage Rates? 4 Steps That Could Slash Your Rate Right Away

Homebuyers can lower mortgage rates significantly through proactive steps like shopping for rates, improving credit scores, and managing down payments effectively.

Looking to buy a home? Redfin's research lead says a flood of housing supply is set to hit the market by the end of 2025 as locked-in homeowners finally start selling.

Mortgage rates to drop in late 2025 as housing supply increases.

Will homebuyers jump at cheaper mortgage rates?

Mortgage rates dropping to under 6.5% could potentially boost homebuyer demand.

Weekly Mortgage Rates Drop, Easing Affordability

Mortgage rates have fallen following Fed Chair Powell's indication of impending interest rate cuts, enhancing affordability for homebuyers.

Average rate on a 30-year mortgage eases to its lowest level in more than a year

Mortgage rates dropped to a low of 6.35%, offering potential home buyers relief amid high home prices.

Jerome Powell and the Fed have accidentally jammed the property market

The Federal Reserve's rate strategy is constraining the property market as consumers hold onto lower mortgage rates.

Tired of Waiting for Lower Mortgage Rates? 4 Steps That Could Slash Your Rate Right Away

Homebuyers can lower mortgage rates significantly through proactive steps like shopping for rates, improving credit scores, and managing down payments effectively.
moremortgage-rates
#housing-affordability

Real Estate Insiders' explore housing affordability issues and local government solutions

The housing affordability crisis is driven by interest rates and local government actions to address low inventory.
Buyers financing agent fees can adversely affect their loan costs and equity position.

States With Lower Incomes Have Higher Home Ownership Boston Condos For Sale Ford Realty

Younger people in expensive states often can't afford homes due to high costs and restrictive zoning laws.

Housing market hack: How this family just got their dream home at a 2.5% mortgage rate

Finding an assumable mortgage helped a couple upgrade to their dream home in an expensive market.

California homebuying: Collapse? Crumble? Or crash?

California home sales have dramatically dropped, with a significant decline in sales compared to pre-pandemic levels.

California homebuying: Collapse? Crumble? Or crash?

California home sales plunged dramatically in June 2024, hitting a 33-year low and continuing a streak below 300,000 annual pace for 21 months.

Records broken: Home prices, inventory, and sales increase in Rhode Island

Median home prices in Rhode Island have surged, making homeownership increasingly unattainable for many residents.

Real Estate Insiders' explore housing affordability issues and local government solutions

The housing affordability crisis is driven by interest rates and local government actions to address low inventory.
Buyers financing agent fees can adversely affect their loan costs and equity position.

States With Lower Incomes Have Higher Home Ownership Boston Condos For Sale Ford Realty

Younger people in expensive states often can't afford homes due to high costs and restrictive zoning laws.

Housing market hack: How this family just got their dream home at a 2.5% mortgage rate

Finding an assumable mortgage helped a couple upgrade to their dream home in an expensive market.

California homebuying: Collapse? Crumble? Or crash?

California home sales have dramatically dropped, with a significant decline in sales compared to pre-pandemic levels.

California homebuying: Collapse? Crumble? Or crash?

California home sales plunged dramatically in June 2024, hitting a 33-year low and continuing a streak below 300,000 annual pace for 21 months.

Records broken: Home prices, inventory, and sales increase in Rhode Island

Median home prices in Rhode Island have surged, making homeownership increasingly unattainable for many residents.
morehousing-affordability
#remote-work

Return-to-office mandates are helping drive up housing prices in these 10 cities

Increased competition in real estate markets as workers return to cities and commute-friendly areas amid rising home prices, especially in San Jose.

The 2020s Home Trend That's Already Starting to Disappear, According to Real Estate Pros

The demand for flexible home office spaces is rising as remote work remains viable in 2025.

Return-to-office mandates are helping drive up housing prices in these 10 cities

Increased competition in real estate markets as workers return to cities and commute-friendly areas amid rising home prices, especially in San Jose.

The 2020s Home Trend That's Already Starting to Disappear, According to Real Estate Pros

The demand for flexible home office spaces is rising as remote work remains viable in 2025.
moreremote-work

The income a family needs to live comfortably - and the top 10 most affordable US states for raising kids

Homebuyers with children are at an all-time low, driven by high prices and economic constraints.
#home-sales

The share of stagnant' listings is rising: Redfin - HousingWire

Home sales declining, leading to longer time on the market.

Sale closed in Saratoga: $5.9 million for a four-bedroom home

The sale of 13755 Richelieu Court reveals a thriving real estate market in Saratoga, with high prices per square foot being the norm.

Four-bedroom home sells for $1.9 million in Danville

Bay Area real estate shows strong demand with significant prices for homes, particularly in Danville.

The share of stagnant' listings is rising: Redfin - HousingWire

Home sales declining, leading to longer time on the market.

Sale closed in Saratoga: $5.9 million for a four-bedroom home

The sale of 13755 Richelieu Court reveals a thriving real estate market in Saratoga, with high prices per square foot being the norm.

Four-bedroom home sells for $1.9 million in Danville

Bay Area real estate shows strong demand with significant prices for homes, particularly in Danville.
morehome-sales
#luxury-real-estate

NYC home lovingly converted from a fire-damaged synagogue lists for $27,500 a month

The former East Village synagogue has been transformed into a luxury rental home, preserving its historic charm while offering modern amenities.

Millionaires are increasingly renting homes instead of buying

Wealthy individuals increasingly prefer renting to homeownership despite financial capability, influenced by market conditions and personal preferences.

LA's luxury home market ends summer with a rally

Los Angeles luxury home sales surged with 28 contracts signed worth $243.7 million, marking a notable increase in high-end property activity.

Billionaire Jeffrey Feinberg lists Brentwood mansion for rent

Jeffrey Feinberg's Brentwood mansion, after unsuccessful attempts to sell, is now available for rent at $250,000 per month.

Spec mansion above Malibu's Billionaire's Beach goes for $32M

Luxury Malibu spec mansion sells for $32 million after price reductions.

Purely Palatial: America's Most Expensive Home Is an $87M European-Inspired Compound in Beverly Hills

The Greenberg Estate in Beverly Hills, listed at $87 million, is the most expensive home this week on Realtor.com®.

NYC home lovingly converted from a fire-damaged synagogue lists for $27,500 a month

The former East Village synagogue has been transformed into a luxury rental home, preserving its historic charm while offering modern amenities.

Millionaires are increasingly renting homes instead of buying

Wealthy individuals increasingly prefer renting to homeownership despite financial capability, influenced by market conditions and personal preferences.

LA's luxury home market ends summer with a rally

Los Angeles luxury home sales surged with 28 contracts signed worth $243.7 million, marking a notable increase in high-end property activity.

Billionaire Jeffrey Feinberg lists Brentwood mansion for rent

Jeffrey Feinberg's Brentwood mansion, after unsuccessful attempts to sell, is now available for rent at $250,000 per month.

Spec mansion above Malibu's Billionaire's Beach goes for $32M

Luxury Malibu spec mansion sells for $32 million after price reductions.

Purely Palatial: America's Most Expensive Home Is an $87M European-Inspired Compound in Beverly Hills

The Greenberg Estate in Beverly Hills, listed at $87 million, is the most expensive home this week on Realtor.com®.
moreluxury-real-estate

A majority of homeowners go into debt for renovations they wish they hadn't done, study finds

Many homeowners prefer remodeling existing homes over moving due to high housing costs.
A significant number of homeowners have regrets after renovations, especially financial regrets.
#celebrity-homes

Jennifer Lopez Sells Manhattan Penthouse for $23 Million After 7 Years on the Market

Jennifer Lopez has sold her Manhattan penthouse for $23 million after seven years on the market, amid rumors of her split with Ben Affleck.

EXCLUSIVE: Matthew Perry's $5 Million Hollywood Home Taken Off the Market Two Days After Anniversary of His Death

Matthew Perry's Hollywood home was removed from the market, raising questions about its sale and the estate's next steps following his death.

Olympic gold medalist Shaun White sells LA home for $3.92M

Snowboarding legend Shaun White sold his Hollywood Hills home for $3.92 million after purchasing it for $3.75 million in 2018.

Jennifer Lopez Sells Manhattan Penthouse for $23 Million After 7 Years on the Market

Jennifer Lopez has sold her Manhattan penthouse for $23 million after seven years on the market, amid rumors of her split with Ben Affleck.

EXCLUSIVE: Matthew Perry's $5 Million Hollywood Home Taken Off the Market Two Days After Anniversary of His Death

Matthew Perry's Hollywood home was removed from the market, raising questions about its sale and the estate's next steps following his death.

Olympic gold medalist Shaun White sells LA home for $3.92M

Snowboarding legend Shaun White sold his Hollywood Hills home for $3.92 million after purchasing it for $3.75 million in 2018.
morecelebrity-homes

Oscar Isaac's Brooklyn Penthouse Hits the Market for $4.5 Million

Oscar Isaac lists his Brooklyn penthouse for sale at $4.5 million, aiming to recover his initial investment.
#homeownership

Opinion | In the Climate Change Era, Renting Is the American Dream

Homeownership in disaster-prone areas is increasingly viewed as less stable due to rising insurance costs and climate change.
Renting is gaining appeal as a safer financial choice in high-risk areas.

Buy Now, This City's Home Prices Are Down Big

Vice President Kamala Harris's campaign focuses on affordable housing solutions, including building 3 million homes and providing tax credits for first-time buyers.

Opinion | In the Climate Change Era, Renting Is the American Dream

Homeownership in disaster-prone areas is increasingly viewed as less stable due to rising insurance costs and climate change.
Renting is gaining appeal as a safer financial choice in high-risk areas.

Buy Now, This City's Home Prices Are Down Big

Vice President Kamala Harris's campaign focuses on affordable housing solutions, including building 3 million homes and providing tax credits for first-time buyers.
morehomeownership

Is The Seaport Over Built? Boston Condos For Sale Ford Realty

The current increase in new Boston Seaport condos is a response to years of underbuilding, not a sign of oversupply.
#home-prices

Home prices reach record high as affordability crisis worsens

High home prices set new records in May due to ongoing housing shortage and affordability challenges.

What Can You Buy for $1,200? In This Town, It's a Square Foot of House

High home prices persist despite market fluctuations.

Falling home prices are hitting homeowners in these 10 states the hardest - with up to 10% of mortgage balances now topping their property values

Falling home prices can signal economic decline, leading to more underwater mortgages and negative local economic impacts.

How Home Prices Have Changed This Year in Coastal New Jersey

U.S. home prices have risen nearly 4% in 2024 due to rising demand and limited supply, especially in coastal areas.

Home prices reach record high as affordability crisis worsens

High home prices set new records in May due to ongoing housing shortage and affordability challenges.

What Can You Buy for $1,200? In This Town, It's a Square Foot of House

High home prices persist despite market fluctuations.

Falling home prices are hitting homeowners in these 10 states the hardest - with up to 10% of mortgage balances now topping their property values

Falling home prices can signal economic decline, leading to more underwater mortgages and negative local economic impacts.

How Home Prices Have Changed This Year in Coastal New Jersey

U.S. home prices have risen nearly 4% in 2024 due to rising demand and limited supply, especially in coastal areas.
morehome-prices

18 cities with reasonably priced homes that will be million-dollar markets in the next decade

Home prices have surged over the last decade, significantly impacting home affordability for buyers.

The Big Mistake You Might Be Making Before Starting Your House Search (and How to Avoid It!)

First-time homebuyers benefit greatly from recommendations when choosing a real estate agent, with personal referrals being the most effective way to find trusted professionals.

China's Policy Reversal Sparks Mind Boggling' Stock Rally

Government measures to stimulate the economy effectively revitalized China's stock market, indicating robust investor response.
#new-york-city

An Office Tower Sold for $8.5 Million. It Was Once Worth 40 Times That.

The pandemic has drastically reduced the value of office buildings in New York City, evident through the sale of a once-prime property for a fraction of its previous price.

Add I'm Getting a Little Older' to the Challenges of Apartment Hunting

Finding affordable housing in Brooklyn is increasingly difficult due to low vacancy rates and high rents, especially for seniors.

New York City's Most Expensive Neighborhoods

Hudson Yards is the most expensive neighborhood in NYC with a median sale price of $7.5 million in Q2 2024.

An Office Tower Sold for $8.5 Million. It Was Once Worth 40 Times That.

The pandemic has drastically reduced the value of office buildings in New York City, evident through the sale of a once-prime property for a fraction of its previous price.

Add I'm Getting a Little Older' to the Challenges of Apartment Hunting

Finding affordable housing in Brooklyn is increasingly difficult due to low vacancy rates and high rents, especially for seniors.

New York City's Most Expensive Neighborhoods

Hudson Yards is the most expensive neighborhood in NYC with a median sale price of $7.5 million in Q2 2024.
morenew-york-city

Competition Bureau gets court order for probe into potential anti-competitive conduct by CREA | CBC News

The Competition Bureau is investigating CREA for potential anti-competitive conduct affecting real estate commission rates and competition.
Key focus areas include commission rules and the impact on smaller brokerages versus larger firms.

China property stocks surge to highest levels in a year as stimulus rally continues

Chinese property stocks surged as stimulus measures take effect, though reviving market demand remains challenging.
from Entrepreneur
2 months ago

How PropTech Is Unlocking Opportunities for Entrepreneurs in the Real Estate Industry | Entrepreneur

Affordable housing is crucial for societal needs and economic growth.
Investing in affordable housing offers promising financial returns.
PropTech integration is essential for community collaboration in real estate.

Profit margins are up for home flips but there's a catch

Home-flipping profits are rebounding, showing potential signs of recovery after years of declines, with a typical margin of 30.4% in Q2 2024.

Sean 'Diddy' Combs' Raided L.A. Mansion Remains on the Market for $61.5 Million as He's Arrested on Sex Trafficking Charges

Diddy faces serious legal issues while his Beverly Hills mansion remains on the market for $61.5 million.
#interest-rates

Fed's Jerome Powell Says the 'Time Has Come' for Rate Cuts After 23-Year High

Interest rate cuts by the Federal Reserve are imminent, aiming to sustain economic stability and aid the real estate market.

The ultra-wealthy are benefiting from today's real estate market as everyone else is frozen out

The current real estate market favors the ultra-rich with all-cash purchases, freezing out younger aspiring homeowners.

Commercial property has been in a slump. How lower interest rates could lift it out.

The Federal Reserve's anticipated interest rate cuts may revitalize the commercial real estate market by making properties more affordable for buyers.

Election Year Secret: The Best Time to Buy a House in 2024

Fall 2024 is an ideal time to buy a house due to lowering interest rates, potential Fed rate cut, and reduced demand because of the presidential election.

Fed's Jerome Powell Says the 'Time Has Come' for Rate Cuts After 23-Year High

Interest rate cuts by the Federal Reserve are imminent, aiming to sustain economic stability and aid the real estate market.

The ultra-wealthy are benefiting from today's real estate market as everyone else is frozen out

The current real estate market favors the ultra-rich with all-cash purchases, freezing out younger aspiring homeowners.

Commercial property has been in a slump. How lower interest rates could lift it out.

The Federal Reserve's anticipated interest rate cuts may revitalize the commercial real estate market by making properties more affordable for buyers.

Election Year Secret: The Best Time to Buy a House in 2024

Fall 2024 is an ideal time to buy a house due to lowering interest rates, potential Fed rate cut, and reduced demand because of the presidential election.
moreinterest-rates

Luxe homes worth $10M-plus soar in Palm Beach, Miami and New York despite global dip

Sales of ultra-luxury homes priced at $10 million or more surged in New York, Miami, and Palm Beach, outpacing declines in global markets.

Hamptons Restaurants Embrace Plan for $850,000 Worker Apartments

Hamptons businesses struggle to manage high employee housing costs, threatening their operational sustainability.
#property-value

3 Nonobvious Reasons You Shouldn't Overlook Buying a House Next to a School

Living near a school can impact a property's marketability beyond its physical features.

Here's where Gen Z home buyers are flocking

Gen Z homeownership trend shifting towards Indianapolis rather than Boston.

3 Nonobvious Reasons You Shouldn't Overlook Buying a House Next to a School

Living near a school can impact a property's marketability beyond its physical features.

Here's where Gen Z home buyers are flocking

Gen Z homeownership trend shifting towards Indianapolis rather than Boston.
moreproperty-value

Tahoe ski cabin on 1958 Sunset cover rebuilt in famous architect's vision. See $5M listing

The Klaussen Cabin, a mid-century modern ski home, was originally built in 1958 and rebuilt in 2016 while preserving the original design.

Kiavi attracts new investors with latest fix-and-flip mortgage securitization

Kiavi closed $400 million securitization of residential transition loans, totaling over $5 billion since 2019 with mostly investment property loans for fix-and-flip transactions.

My job as an interior stylist: 'We staged a property a few years ago and it went for 100k over the asking price'

Staging helps sell properties faster and for higher prices.

With agent count sinking, RE/MAX will consider business model changes

RE/MAX is considering changing its flat-fee business model to adapt to market challenges.

The Six-Month Remodel: An Airy Flat in Nice Gets a New Lease on Life - Remodelista

Investing in property abroad can provide a better lifestyle than in pricey cities like London.
#luxury-homes

LA's Luxury Home Market Enters August with Quiet Week

Manhattan Beach's residential market remains strong despite a decrease in signed contracts in Los Angeles County.

Series of summer deals points to perky Westside LA home market

L.A.'s Westside real estate market remains vibrant despite challenges like higher interest rates and taxes.

LA's Luxury Home Market Enters August with Quiet Week

Manhattan Beach's residential market remains strong despite a decrease in signed contracts in Los Angeles County.

Series of summer deals points to perky Westside LA home market

L.A.'s Westside real estate market remains vibrant despite challenges like higher interest rates and taxes.
moreluxury-homes

How Will Weak Economic Data Impact The Boston Condo For Sale Market? Boston Condos For Sale Ford Realty

The weak economic data will impact the national and Boston condo markets in the second half of 2024.

What to know about buying a home in a low inventory market

Savvy buyers can navigate low inventory real estate markets to find a home they love.

Big push begins to beef up finances of landmark San Jose hotel tower

Efforts to inject fresh cash into the Signia by Hilton hotel to improve financial stability in downtown San Jose.
from therealdeal.com
4 months ago

Kanye West's Malibu home marks top contract for LA County

The unfinished Malibu home of Ye, formerly known as Kanye West, was the top property under contract in the Los Angeles luxury market last week.

Private mortgage insurance fueled 800K low down payment home purchases in 2023

Private mortgage insurance (PMI) facilitates low down payment home purchases, supporting first-time and moderate-income buyers.

Dreamy Design and Gardens Galore Quickly Land a Buyer for Converted Pennsylvania Barn

A historic, unique barn turned home with Japanese-inspired design elements and lush gardens in Williams Township, PA, sold within a month at $849,000.

Why some of America's poorest states have the highest homeownership

Some of the poorest states have higher homeownership rates than wealthier states due to lower home prices relative to income levels.

Respondents show cautious optimism about the Q3 housing market - HousingWire

HousingWire Q3 2024 Pulse Survey reveals cautious optimism among real estate agents and brokers despite challenges.

5 New England cities rank among top 20 hottest summer housing markets

Real estate market rankings shifted with Metro Boston dropping and Worcester climbing. Buyers seek affordable properties in further New England areas like Vermont.

PHOTOS: The Most Expensive Homes Sold in Washington in June - Washingtonian

Luxurious properties with high-end amenities, expansive square footage, and unique features are listed at exceptionally high prices in the real estate market.

Austin is the best place for renters, according to Realtor.com-forget the northeast or west

Affordability in Austin makes it the best place for renters, with rents staying below 20% of income.
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