Investors banking on growing home and rental prices for high returns bought 18.2% of all homes purchased in Q3 2021, up from 16.1% in Q2 and 11.2% year-over-year (YOY), according to a new Redfin report. Real-estate investors purchased a record 90,215 homes, totaling nearly $64 billion and up 80.2% YOY, the second-largest increase on record….
Zillow is closing down its iBuying arm, Zillow Offers, citing “unpredictability in forecasting home prices.” Zillow had previously announced it would not buy more homes in 2021, and instead turn its focus to renovating and selling its backstock of inventory. “We’re operating within a labor and supply-constrained economy inside a competitive real estate market, especially in the…
Housing stakeholders gathered at the nation’s capitol to call for the budget reconciliation package being negotiated in Congress to substantially support housing. The group included National Association of Realtors (NAR) CEO Bob Goldberg, members of the National Housing Conference (NHC), Mortgage Bankers Association (MBA), Habitat for Humanity, National Association of Homebuilders, and others. Representative Sherrod…
Monthly mortgage payments for the average homebuyer rose $50 over the last six weeks. Redfin’s Housing Market Update reported that, despite concerns about affordability and price, homes are still selling fast, with about half being sold within two weeks. The $50 increase is a result of prices increasing 12% year-over-year. Homes are on average selling…
After eight years of examining its impact, the National Association of Realtors (NAR) says that student loan debt is one of the most significant barriers for potential homebuyers. A poll by NAR found that more than half of non-homeowners say their student loan debt has delayed their ability to buy a home. Of 1,995 respondents,…
The housing market is leveling out, with smaller, more affordable homes being listed and sellers pricing more competitively as 423,000 new homes go up for sale, according to Realtor.com’s August Housing Market Trends Report. The data show the number of homes actively for sale was up 4.3% nationally in August over the past year, and…
A trifecta of damaging winds between 130-156 mph, dangerous storm surge, and extremely heavy and widespread rainfall between 10-15 inches is expected to put 941,392 homes in the Louisiana, Alabama and Mississippi coastal areas at risk for storm surge damage, according to data analysis for single-family and multifamily homes released by CoreLogic®. The reconstruction cost…
President Trump announced overnight that he is considering doing away with a federal rule designed to overcome historic patterns of segregation. “At the request of many great Americans who live in the Suburbs, and others, I am studying the AFFH housing regulation that is having a devastating impact on these once thriving Suburban areas. Corrupt…
The coronavirus will have a disproportionate impact on Latino, Asian and African-American households due to the nature of the jobs members of these communities hold and how much of their income they pay for housing, according to a new analysis by Zillow. With more than 22 million Americans filing for unemployment in the last four weeks,…
The housing market will be besieged by the twin forces of shrinking supply and shrinking demand during the coronavirus pandemic, causing an uneven recovery over the next 12 months, according to a forecast released Wednesday by real estate investor Haus. In an analysis by Haus’ chief economist, the organization expects a recovery that looks like…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!