Posts Tagged ‘real estate investing’
Lowest Priced Homes Attracting the Strongest Competition
New Zillow research this week is showing that a s home-buying demand cools from the record pace of 2021, competition is now hottest for the lowest-priced homes as mounting affordability obstacles stretch buyers’ budgets. Throughout most of the pandemic, buyers shopping in the middle and top price tiers faced the strongest competition — inventory was…
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U.S. Mortgage Delinquencies Dip in Second Quarter of 2022
According to the Mortgage Bankers Association’s latest National Delinquency Survey, delinquencies rates for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.64 percent of all loans outstanding at the end of the second quarter of 2022. For the purposes of the survey, MBA asks servicers to report loans in forbearance…
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U.S. Housing Markets with Steep Price Increases During Covid Most Susceptible to Housing Downturns in a Recession
Based on new research from national property broker Redfin, popular migration destinations where home prices soared during the pandemic are most likely to see the effects of a housing downturns amplified and home prices decline year over year if the economy goes into a recession. Redfin also found that relatively affordable northern metros are most…
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Residential Prices Rise in Most Opportunity Zones Across America Mid-2022
Property data company ATTOM just released its second-quarter 2022 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017. The report found that median single-family home and condo prices rose from the first quarter of 2022 to the second quarter of 2022 in 63…
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U.S Construction Employment Increased by 32,000 in July
The construction industry added 32,000 jobs on net in July 2022, according to an Associated Builders and Contractors analysis of data released this past week by the U.S. Bureau of Labor Statistics. On a year-over-year basis, industry employment has increased by 311,000 jobs, or 4.2%. Nonresidential construction employment increased by 18,300 positions on net in…
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Growing Share of U.S. Listings Going Stale As Multiple Housing Markets Cool
According to national property broker Redfin, the share of U.S. listings homes for 30 days or longer without going under contract increased 12.5% in July 2022 from a year earlier. In other words, 61.2% of for-sale homes were on the market for at least 30 days, up from 54.4% a year earlier. That’s the first…
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Demand for Vacation Homes Up 77 Percent From Pre-Pandemic Levels
According to national property broker Redfin, demand for U.S. vacation homes was up 77% from pre-pandemic levels in December 2021. This is slightly below the 80% increase in November and the record 92% gain in January, but up significantly from the 2021 low hit in August. Interest in second homes started to surge in mid-2020…
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U.S. Home Price Gains Slow for the Second Consecutive Month in June
According to CoreLogic’s latest Home Price Index for June 2022, nationwide home prices grew by 18.3% from June 2021, marking the 125th consecutive month of year-over-year increases. Though annual appreciation was still strong, it slowed from the previous month for the second consecutive month, reflecting reduced buyer demand in part due to higher mortgage rates…
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‘One actionable thing’ that can save prospective homebuyers up to $104,000 over the life of their mortgage
As today’s prospective homebuyers confront high home prices and rising interest rates, there’s one thing they can do to save money — raise their credit scores. “This is one actionable thing buyers can do to save a little bit of money in this market,” said Amanda Pendleton, consumer finance expert at Zillow Home Loans. A…
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Market Uncertainty Causing Property Investors to Rethink Strategies in North America
According to LaSalle’s 2022 Mid-Year Investment Strategy Annual, market direction and economic outlooks have shifted since the start of 2022, with elevated inflation, slowing economic growth, and higher interest rates impacting real estate markets across North America. Overall market shifts are causing real estate investors to revisit earlier strategies as they understand and react to higher…
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