By: CALCULATEDRISK BY BILL MCBRIDE
On Friday, in Part 1: Current State of the Housing Market; Overview for mid-August I reviewed home inventory and sales.
House Prices
Reported YoY house price growth remained negative in May, with the Case-Shiller National Index down 0.5%.
The MoM increase in the seasonally adjusted Case-Shiller National Index was at 0.74%. This was the fourth consecutive MoM increase following seven straight MoM decreases.
Most measures of house prices have shown an increase in prices over the last several months, and a key question is Will house prices decline further later this year?
Other measures of house prices suggest prices will be up YoY soon in the Case-Shiller index. The NAR reported median prices were down 0.9%...
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The National Housing Trust will likely use some of the funding to modernize homes to be more climate-friendly—which should also drive down rents.
By: Fast Company
When Priya Jayachandran received an email from MacKenzie Scott’s foundation informing her that it was donating $10 million to her organization, she thought it was a hoax. She almost deleted the message.
But the offer was legitimate. Scott’s philanthropic organization, Yield Giving, is providing National Housing Trust, founded in Washington, D.C., in 1986, with a onetime donation of $10 million—the largest NHT has ever received—to further its work. That includes creating and preserving affordable housing, supporting affordable rent payments for tenants, and making the homes more...
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Written by : Erik J. Martin
Mortgage rates remain high, home sales — and in some areas, home prices as well — are hitting the brakes, and uncertainty is permeating the market. It’s no wonder many homeowners, prospective sellers and hopeful buyers are feeling nervous.
As of July 5, the average 30-year fixed mortgage rate was once again flirting with 7 percent (6.95 percent to be exact, according to Bankrate’s survey of large lenders). The Federal Reserve raised rates for 10 meetings in a row in an effort to curb inflation, before taking a pause at its recent June meeting. And sales of previously owned homes are down more than 20...
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From our friends in KCM
Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to think about the long-term benefits of homeownership when making your decision.
Consider this: if you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. Why is that? The reason is tied to how home values grow with time and how, by extension, that grows your own wealth. That may be why, in a recent Fannie Mae survey, 70% of respondents...
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By Aarthi Swaminathan
The numbers: U.S. pending-home sales fell in May, the National Association of Realtors said on Thursday but the housing market is still showing signs of being in recovery mode.
Demand for homes is still strong, despite mortgage rates hovering near 7%, but buyers are finding few properties for-sale to choose from as homeowners hold out on selling.
The shortage in housing inventory has become so dire that it’s pushed pending home sales down in the spring, which is generally the peak season for home-buying.
Sales fell by 2.7% from the previous month, according to the monthly index released Thursday by the National Association of Realtors (NAR).
The figure fell short of...
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MARKETWATCH | By Taylor Getler
Overwhelmingly, home buyers view finding the right home as the hardest part of the buying process. There’s so much to consider: What can I afford? How much space do I need? And the most harrowing question of all — what am I willing to give up?
This question is even more loaded for LGBTQ+ buyers, who may face the added pressure of evaluating a new community for safety and comfort.
Social attitudes have dramatically shifted from the days where queer and transgender buyers were concentrated in just one or two neighborhoods, points out Barbara Stone, a Realtor in Dallas, Texas. Today, the community is made up...
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710 Montecillo Rd, San Rafael
Serenity and Mid-Century Style in the Heart of Terra Linda
The Best of California Living
This beautiful & expanded Eichler is light and airy and has a large, level backyard with views of the surrounding hills and a very flexible floor plan with bonus rooms that can be used for additional bedrooms, offices, workout rooms or dens. The kitchen is upgraded with quartz counters & stainless appliances. There is a remodeled primary suite w/ generously-sized bathroom with oversized jetted tub & separate shower. The floor plan allows for multi-generational or multi-situational living –a large light-filled bedroom with an area that could be a kitchenette, as...
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35 Corte Dorado, Greenbrae
Living Your Best Life in the Heart of Greenbrae
Offered at $2,495,000
Experience luxury and serenity with this elegant 4 BR/3BA home in Greenbrae. This two story home has the spacious primary suite with full Mt. Tam views and a large guest bedroom on the main level with two bedrooms, a bath, family room, laundry room on the lower level.
Situated on a cul-de-sac in a sylvan setting, walking distance to top-rated schools, this home was rebuilt in 2000 using gorgeous finishes including slate, granite, marble, limestone and wood. It is on a large lot that slopes gently to a seasonal creek and affords tremendous privacy.
With large...
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By: Keeping Currents Matter
There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up.
But the data clearly shows today’s market is very different than it was before the housing crash in 2008. Rest assured, this isn’t a repeat of what happened back then. Here’s why.
It’s Harder To Get a Loan Now
It was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Back...
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There was a point, not too long ago, when buying a house was fairly straightforward: You’d schedule some tours, make an offer, and boom, you’re in the house before you know it.🏡
Today, though, the housing market is a very different animal—fast, ferocious, and ever-changing. In such an environment, it’s no longer a given that all homebuyers will easily find a house and seal the deal. And even more surprisingly, those lucky folks who do succeed aren’t just sitting on piles of cash. On the contrary, real estate agents and other experts we spoke to say that successful homebuyers today simply possess a particular mindset and behaviors that...
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