AvatarJoseph Blancoflipped into Real Estate PulseFlipboardIcon version of the Flipboard logoHousing has never been this unaffordable - and home prices are only going to keep rising, Goldman Sachs saysyahoo.com - George GloverHousing is even more unaffordable now than ahead of the 2008 crash, according to Goldman Sachs. But the bank expects limited supply and borrowers …
AvatarJoseph Blancoflipped into Construction PulseAvatarAvatarHousing market outlook: Where to expect mortgage rates in 2024, according to 8 leading research firmsverified_publisherFortune - Lance LambertOn Friday, the average 30-year fixed mortgage rate jumped to 7.19%. Over the past few months, mortgage rates have climbed back up. Financial markets, …
AvatarJoseph Blancoflipped into Construction PulseAvatarAvatarThe housing market is so broken that many 40- and 30-something millennials have no choice but to build homes in their parents’ backyardsverified_publisherFortune - Jeff Kruth, Murali Paranandi, The ConversationTo many people, the image of a nuclear family in a stand-alone house with a green lawn and white picket fence still represents a fulfillment of the …
AvatarJoseph Blancoflipped into Real Estate PulseAvatarAvatarSorry, homebuyers. Houses aren't getting cheaper.verified_publisherBusiness Insider - Alcynna LloydHome prices in the US just posted their first annual decline — by a minuscule 0.2% — in more than a decade. Some bearish pundits and real-estate investors are taking it as a sign of more dire drops to come, predicting a bubble burst or even a crash. But don't expect home prices to drop much farther …
AvatarJoseph Blancoflipped into Real Estate PulseFlipboardIcon version of the Flipboard logoWhat Is The Los Angeles 'Mansion Tax' And How Is It Affecting The Market?housedigest.com - Emory OrrA new tax affecting the city of Los Angeles has ignited a firestorm of controversy. Unofficially known as "The Mansion Tax" and officially titled …
AvatarJoseph Blancoflipped into Real Estate PulseFlipboardIcon version of the Flipboard logoHuntington Beach’s NIMBY temper tantrumdailybreeze.com - Nolan GrayCalifornia is in the throes of a crippling housing shortage that has driven up the cost of living, exacerbated the homelessness crisis, and forced …
AvatarJoseph Blancoflipped into Real Estate PulseAvatarAvatarThe housing market correction has already caused homeowners to lose $2.3 trillionverified_publisherFortune - Lance LambertFor 124 consecutive months, spanning the bottom of the housing crash in February 2012 through the top of the Pandemic Housing Boom in June 2022, U.S. …
AvatarJoseph Blancoflipped into Real Estate PulseAvatarAvatarMortgage rates will drop to 5.2% this year despite the uptick this month, said a top economistverified_publisherBusiness Insider - Alcynna LloydOf all the factors influencing the housing market, there is perhaps no component more important than mortgage interest rates. Seesawing 30-year mortgage rates — which fell to as low as 2.65% in 2021 and climbed to as high as 7.08% last year — have determined the trajectory of the US housing market …
AvatarJoseph Blancoflipped into Real Estate PulseAvatarAvatarThe housing shortage is the root of all of America's problemsverified_publisherBusiness Insider - Analysis by Jacob ZinkulaThe US housing shortage isn't just fueling an affordability crisis. It could be contributing to several of the major problems the country is facing. Imagine you're a city-dweller living paycheck-to-paycheck. You're trying to save so you can afford a down payment on a home someday, but there's not …
AvatarJoseph Blancoflipped into Construction PulseAvatarAvatarHere's why the housing market could see more action this year - and what it means for affordabilityverified_publisherBusiness Insider - Phil RosenWelcome back, readers — Phil Rosen here. On this day 54 years ago, the Beatles played their last-ever gig on a rooftop in London. And just the same, today marks my last Monday writing to you from California this winter. That's not to say I'm on par with the Beatles, but I've never really believed in …
AvatarJoseph Blancoflipped into Real Estate PulseFlipboardIcon version of the Flipboard logoAmerica’s Most At-Risk Housing Markets247wallst.com - Douglas A. McIntyreNot all places in the U.S. have enjoyed the tremendous spike in housing prices that much of the country has. Some have been negatively affected by …
AvatarJoseph Blancoflipped into Construction PulseAvatarAvatarU.S. Single-Family Housing Starts Rebound in DecemberU.S. News & World Report - By ReutersWASHINGTON (Reuters) - U.S. single-family homebuilding rebounded in December, but the increase was likely temporary as permits for future …