Local Housing Markets: Louisville, Reno and San Diego
Local markets is a HousingWire magazine feature spotlighting housing trends in five markets across the country.
Local markets is a HousingWire magazine feature spotlighting housing trends in five markets across the country.
One projection for 2023 is an easier housing market for first-time buyers. Buyers will need higher incomes to meet the higher interest rates.
The Department of Housing and Urban Development is proposing to update the “affirmatively furthering fair housing” rule, fulfilling a previously made promise to add an overarching but efficient framework that promotes ongoing progress toward its goal. The new proposal aims to make it easier “for local communities to identify inequities and make concrete commitments to … [Read more…]
Sales of previously owned U.S. homes fell in December to the slowest pace in over a decade, capping one of the housing market’s worst years on record amid a rapid jump in mortgage rates. Contract closings decreased 1.5% to an annualized pace of 4.02 million last month, the slowest rate since 2010, the according to … [Read more…]
With real estate white-hot and property values continuing to skyrocket despite a worldwide pandemic, homes remain surprisingly affordable. At first glance, itâs kind of odd, both that home prices continue to rise amid a pandemic, and that theyâre still quite cheap historically. Especially since home prices have risen for 97 consecutive months, per the latest… Read More »Home Prices Are the Most Affordable Theyâve Been Since 2016
The post Home Prices Are the Most Affordable Theyâve Been Since 2016 appeared first on The Truth About Mortgage.
New U.S. home construction declined for a fourth-straight month in December, wrapping up a disappointing year for an industry that saw annual housing starts fall for the first time since 2009. Residential starts decreased 1.4% last month to a 1.38 million annualized rate, a five-month low, according to government data released Thursday. New construction fell … [Read more…]
Mortgage rates moved down significantly this past week to their lowest level since mid-September, as the markets reacted positively to the latest inflation news, Freddie Mac reported. Its Primary Mortgage Market Survey for the week of Jan. 19 found the average for the 30-year fixed rate mortgage fell to 6.15%, a drop of 18 basis … [Read more…]
Mortgage rates fall for the fourth week in a row CNN
Prices are falling deeper in these cities than they have at any point since 2015.
The value of New York City’s 1.1 million properties is projected to rise 6.1% for the next fiscal year, boosted by single-family home prices. The city set a market value of about $1.48 trillion for residential and commercial properties and utilities for the fiscal year beginning in July, according to a tentative assessment roll released … [Read more…]