Real Estate/Property

Only 10% of new homes now sell for less than $300,000. Two years ago, a third did. It's not just because of the pandemic.

Only 10% of new homes now sell for less than $300,000. Two years ago, a third did. It’s not just because of the pandemic.

Homeownership became out of reach for millions of Americans following the recent boom in home prices. Lower-income families have been hit especially hard, with the share of new homes selling for under $300,000 plummeting to 10% from 35% in just two years. A number of factors, including more than a decade of limited homebuilding, a …

Only 10% of new homes now sell for less than $300,000. Two years ago, a third did. It’s not just because of the pandemic. Read More »

The 15 housing markets in America that are now actually more affordable than they were in 2005

The 15 housing markets in America that are now actually more affordable than they were in 2005

“Worsening affordability appears to be having an impact on demand, which could lead to prices plateauing or even correcting modestly in some markets,” one pro told MarketWatch Picks. Getty Images/iStockphoto Rising home prices and mortgage rates have made homeownership unaffordable across much of the United States. Indeed, home prices have jumped 20% over the past …

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I’m the chief economist for a $5 billion real estate data and title company. Here are 5 things you need to know about the housing market now

I’m the chief economist for a $5 billion real estate data and title company. Here are 5 things you need to know about the housing market now

Mark Fleming Housing has become increasingly unaffordable to millions of Americans — with home prices and mortgage rates continuing to rise (see the lowest rates you may qualify for now here). So – as part of our series where we ask prominent economists and real estate pros their take on the housing market now – …

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6 of the 10 housing markets in America most vulnerable to a downturn are in this state

6 of the 10 housing markets in America most vulnerable to a downturn are in this state

Some real estate markets are more vulnerable to a downturn than others. Getty Images Six of the 10 counties most vulnerable to a downturn are in New Jersey, according to a Special Housing Risk Report — which looked at the highest concentrations of the most at-risk markets in the first quarter of 2022 — released …

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Here's the loophole that makes the U.S. housing market more wobbly than it appears

Here’s the loophole that makes the U.S. housing market more wobbly than it appears

This housing market, it would appear, isn’t built on the same creaky foundations of the subprime crisis. Consider these statistics from Fannie Mae FNMA, the U.S. government-backed buyer of home mortgages. The weighted average FICO credit score in the first quarter for a single family home was a sterling 748. The origination loan to value …

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I’m the director of forecasting for the National Association of Realtors. Here are 6 things you should know about the housing market now

I’m the director of forecasting for the National Association of Realtors. Here are 6 things you should know about the housing market now

As part of our series where we ask prominent economists and real estate pros their take on the housing market now, we talked to Nadia Evangelou, senior economist and director of forecasting at the National Association of Realtors. National Association of Realtors The housing affordability crunch is here — with mortgage rates continuing to rise …

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Sellers Are Getting Anxious as Home Sales Slow Down

Sellers Are Getting Anxious as Home Sales Slow Down

New Orleans homeowner Lisa Tourtelot says homes were flying off the market in her neighborhood as recently as a month ago. Now, as she prepares to list her own house for sale, the homeowner is on edge.  Mortgage rates, property taxes, and homeowners insurance are all on the rise, she says—developments the 36-year-old fears are …

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I’m the COO of a mortgage company that's funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market now

I’m the COO of a mortgage company that’s funded more than $100 billion in loans. Here are the 3 things you need to know about the housing market now

Steve Reich Mortgage rates climbed above 6% last week, according to Bankrate data, with some pros saying they may go higher. (You can see the lowest mortgage rates you may qualify for here.) On top of that, home prices have risen more than 20% year-over-year, causing affordability challenges for many aspiring homebuyers. And it’s likely …

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Want to get a foot on the property ladder? These are the 'best' and 'worst' metro areas in America for first-time home buyers

Want to get a foot on the property ladder? These are the ‘best’ and ‘worst’ metro areas in America for first-time home buyers

Angelenos, congratulations — you officially live in one of the worst metro areas for first-time home buyers, according to a new study by Bankrate.com. Out of the 50 largest metro areas studied, Los Angeles ranked 49th in affordability, 48th in employment factors, 30th in safety, and 39th in housing-market tightness, as the supply of homes …

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‘All of this points to a broader weakness in the housing market’: Buyers are officially spooked by rising interest rates — just don’t expect a real-estate crash

‘All of this points to a broader weakness in the housing market’: Buyers are officially spooked by rising interest rates — just don’t expect a real-estate crash

‘All of this points to a broader weakness in the housing market’: Buyers are officially spooked by rising interest rates — just don’t expect a real-estate crash The U.S. housing sector is losing steam amid rising rates, which is spooking some would-be home buyers, according to various reports. The housing sector’s been red-hot for months …

‘All of this points to a broader weakness in the housing market’: Buyers are officially spooked by rising interest rates — just don’t expect a real-estate crash Read More »