Supply and Rates Boost Hope for Housing Market Rebound
Category: Real Estate Total Views: 514By : Dominic Sanders Updated: 07-23-2024
Existing Home Sales Decline in June Amid Record-High Prices
June's declining U.S. existing home sales marked the fourth straight monthly drop. The lowest since December, sales dropped 5.4% to an annual pace of 3.89 million units. This drop happened even with a record-high median house price of $426,900, a 4.1% rise from year before. Economists had projected a less decline—to 4.00 million units. The market has been much affected by the high prices and rising mortgage rate... Read More
International Buyers Face High Prices and Tight Supply
Category: Real Estate Total Views: 115By : Lucas Young Updated: 07-21-2024
International Buyers Face High Prices and Tight Supply
U.S. residential real estate is in great demand and high prices are being experienced by international buyers. These difficulties reflect those domestic buyers experience. The strong U.S. dollar aggravates the problem by compounding property value for overseas buyers. Many overseas buyers are thus pulling out from the market. The noteworthy decline in foreign purchases clearly shows this trend. Foreign investment is being disc... Read More
High Mortgage Rates Slow U.S. Housing Market Growth
Category: Real Estate Total Views: 149By : Riley Hayes Updated: 07-17-2024
U.S. Single-Family Homebuilding Hits Eight-Month Low in June
June's U.S. single-family housebuilding dropped to its lowest level in eight months. The main cause of this fall was rising mortgage rates. The decline implies that in the second quarter the housing market slowed down economic progress. Starting at 980,000 units, the Commerce Department noted a 2.2% drop in single-family house starts. Since October of last year, this is the lowest level. Data for May was changed to r... Read More
6 Essential Tips to Maximize Online Visibility for Your Future Real Estate Project
Category: Real Estate Total Views: 1098By : Ryan Hughes Updated: 07-16-2024
Maximizing Online Visibility: Essential Tips for Your Real Estate Project
In today's digital age, launching a real estate project without a strong online presence is like putting a "For Sale" sign in your attic. To generate excitement and attract potential buyers, you must check that your project is visible across the web. You must confirm that it goes to the right audience and sparks serious interest.
In this article, we will delve into 6 essential tips to... Read More
Housing Inflation Persists Amid Economic Cooling
Category: Real Estate Total Views: 162By : Hannah Lewis Updated: 07-11-2024
Persistent Housing Inflation Amidst Broad Economic Cooling
While the larger American economy has shown notable cooling from peak epidemic levels, housing inflation has stayed high. Reducing the consumer price index (CPI) to targets for policymakers depends mostly on this slow drop in housing costs, which presents a challenge. Comprising 36% of the CPI, housing represents a higher proportion than food and energy. Consequently, movements in shelter prices have a big influence on gen... Read More