Posts Tagged ‘real estate investing’
Orlando Home Prices Dip in July, First Time in 2022
According to the Orlando Regional Realtor Association, median Central Florida home price for July 2022 was at $380,900, a decrease of 1.6% compared to June 2022. This is the first time in six months that the median home price has fallen. Inventory jumped by 19.9% in a single month, from June to July – that’s…
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U.S. Multifamily Builders Take Caution in Second Quarter
According to the most recent Multifamily Market Survey, U.S. builder confidence in the market for new multifamily housing was mixed in the second quarter of 2022, The Multifamily Production Index (MPI) decreased six points to 42 compared to the previous quarter, dragged down largely by the for-sale condo sector. The Multifamily Occupancy Index (MOI) fell eight…
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Home prices weakened in June, but were still much higher than a year ago, says S&P Case-Shiller
Home prices in June were 18% higher than during the same month last year, according to the S&P CoreLogic Case-Shiller Indices. That’s a weaker pace than in May of this year, which showed an 19.9% annual gain. The 10-city composite rose 17.4%, down from 19.1% in the previous month. The 20-city composite was 18.6% higher…
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U.S. Home Buyers Continue to Flock to Climate Risky Areas
According to Redfin, U.S. homebuyers have paid a premium for high-fire-risk and high-flood-risk homes during and after the pandemic. This comes as more people have moved into than out of climate risky areas in recent years, in part because they can often get more bang for their buck and gain better access to nature. The…
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Beyond student loan forgiveness, here’s what the government can do to keep the rising household debt in check
On Aug. 24, President Biden announced the cancellation of $10,000 in federal student loan debt for most borrowers making less than $125,000 annually. But student loans account for less than 10% of household debt in America, which reached $16.15 trillion during the second quarter of 2022. “We shouldn’t be panicked about the level of household debt right now, but we should…
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Residential Asking Rents Slow in U.S. for Second Consecutive Month
Based on new data from national property broker Redfin, national median asking rents was up 14% year over year to $2,032 in July 2022. That’s the smallest annual increase since November, and compares with a revised gain of 15% in June and 16% in May. On a month-over-month basis, the median asking rent climbed 0.6%,…
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Apartment rents are finally easing after an incredible run. Here’s how to play it
Rent growth for apartment looks to have peaked after a tremendous run in 2021, and that could boost some of the real estate stocks that were the early darlings of the pandemic. Nationally, rents rose just 0.8% between June and July, one-third the growth seen across the same period a year ago, according to RealPage.…
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First-time buyers show more demand for mortgages, even as interest rates rise
Mortgage demand continues to weaken, still right around a 22-year low, but there was a sign in the weekly numbers that first-time buyers may be slowly returning. Mortgage applications to purchase a home fell 1% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 21% lower…
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We’re in a ‘housing recession,’ experts say. Here’s what that means for homeowners, sellers and buyers
Just months ago, the housing market remained in overdrive: surging home prices, historically low interest rates and unrelenting demand. However, data now suggests to some experts that the market is in a “housing recession.” For example, sales of existing homes in July fell by 5.9% from June, marking the six straight month of a decline — and…
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The modern family: 18% of Americans live in multigenerational households. For this N.J. family, it was ‘a lifesaver’ during the pandemic
“We are a four-generation households,” said Jason Fitzgerald. Fitzgerald, 45, and his wife, Rachel Zack, 41, bought a house with Rachel’s parents Beverly and Arthur Zack, who are in their 70s, and Rachel’s 98-year-old grandmother Lillian, who goes by “Bubbie.” The home has six bedrooms, with five full and two half bathrooms. They all live…
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