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US housing market is at a crossroads

Housing Wire

The real estate market is cooling down. Reports released this week by several respected market observers point to less good and increased bad and ugly ahead for the housing market. Moody’s Investors Service , in a housing-market report released this week, puts some ugly back into the home-sales figures for May, however.

Marketing 448
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Red-hot US housing market begins to cool

Housing Wire

Though the demand for homes remained strong across the United States in August, there are clear signs that the housing market is past its peak. Why today’s housing market makes speed and agility crucial for lenders. Why today’s housing market makes speed and agility crucial for lenders.

Marketing 538
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Opinion: The end of seller speculation in US housing market

Housing Wire

A few months ago, the United States housing market failed Econ 101. The table also reports the year-over-year percent change in new listings for each market. Table 1: 10 Hottest Housing Markets out of the Top 250 Metro Areas, February 2022. Table 1, below, reports the 10 hottest U.S. Bellingham, WA 51.7% -8.3%

Marketing 432
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US housing market is now worth a record $52 trillion: Zillow

Housing Wire

housing market is back on track , stronger than ever, with a total estimated value of $52 trillion, according to a new analysis by Orphe Divounguy, a senior economist at Zillow Group. housing market has surged by more than $2.6 After experiencing a temporary hiccup between July 2022 to January 2023, the U.S.

Marketing 519
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In this brutal housing market, you’ll need to make $115K to buy the typical US home

Housing Wire

The last two years of soaring mortgage rates and rising home prices have brought the fastest erosion in housing market affordability in modern history, and it’s hurt first-time homebuyers the most. However, Austin was a place where the necessary income to buy a house increased the least, by only 8%.

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What Do Supply and Demand Tell Us About Today’s Housing Market?

Keeping Current Matters

There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Understanding the impact both supply and demand have can provide the answers to a few popular questions about today’s housing market: Why are prices rising? Where Are Prices Headed?

Marketing 239
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US home prices rise in 93% of all housing markets in Q1, NAR says

Inman

Low inventory drove prices higher nationwide despite some of the highest mortgage rates in decades, National Association of Realtors Chief Economist Lawrence Yun said on Wednesday.

Marketing 147