An Alternative To Traditional Real Estate Investing
A decade after the U.S. housing bubble burst, house flipping is on the rise again. Defined as reselling a house within a year of purchase, flipping is at an 11-year high in the United States and it’s the subject of dozens of TV shows and weekend workshops promising to teach real estate novices how to make a fortune.Read More
- Housing starts declined 7.0 percent to a seasonally adjusted annual rate of 1.236 million units in February.
- While the volatile multi-family housing segment accounted for the decline in home building last month, the broader housing market appears to be slowing.
- There is growing optimism that tightening job market conditions will translate into faster wage growth in the second half of this year.
Last year was good for Nashville homeowners.
The metro area had the third-highest home price appreciation among the nation's largest markets, at 12.5 percent, and sellers saw the largest profits here since at least 2000.Read More
- The supply crisis is hitting housing hard, as strong demand quickly eats up what few listings there are.
- Home shoppers signed 0.5 percent more contracts to buy existing homes in December compared with November, according to the National Association of Realtors.
- The supply of homes for sale at the end of December fell to the lowest level since the Realtors began tracking it in 1999.
About a month ago, I took a long weekend to visit Seattle. It was my first trip to the Pacific Northwest.
I expected to find a vibrant music scene, a world-famous coffee culture and some spectacular hiking trails - and I was not disappointed. What I did not expect to find, however, was a real estate bubble.
As this week’s chart shows, home prices in the Seattle area have grown 13.3% year over year. That’s more than double the national average home price growth rate.
And that chart isn’t the only indication of trouble in Pacific Northwest real estate prices. The signs of a regional bubble are obvious... if you know where to look.Read More
U.S. existing-home sales made a surprising monthly gain in September after falling the previous three months and after sustaining a market shock from two back-to-back hurricanes in the South region.Read More
With the housing crisis and the recession firmly in the rear-view mirror, more and more credit unions are looking for ways to help consumers qualify for home loans — even if that means accepting a significantly lower down payment than might ordinarily be required.Read More
Overall housing starts fell slightly in August, but the pace of single-family home building continues to gain steam. Housing economists, which have repeatedly blamed sluggish home building for exacerbating the tight market for home sales, gave mixed reviews about the state of affairs in building.Read More
The American home-buying world doesn’t even resemble a free market. Americans owe $10.3 trillion on mortgages. Fannie Mae and Freddie Mac, the government-guaranteed mortgage giants, hold $5 trillion of that debt. The Federal Reserve holds another $1.8 trillion. Smaller government entities like the Federal Housing Administration and Federal Home Loan Banks round out the government sector.Read More
Pending home sales slumped for the third consecutive month in May as thehousing market has begun to see the ill effects of a severe shortage of homes for sale, the National Association of Realtors (NAR) reported.Read More
Rising housing costs are putting a major squeeze on Americans.
Nearly 39 million households can't afford their housing, according to the annual State of the Nation's Housing Report from Harvard's Joint Center for Housing Studies.
Experts generally advise budgeting about 30% of monthly income for rent or mortgage costs.Read More
Contractors Struggle to Fill Jobs as Weekly Hours Reach Highest May Level Since Series Began in 2006; Association Officials Urge Greater Public-Sector Support for Career and Technical Education ProgramsRead More