Real Estate

Residential Real Estate
Moody’s chief economist warns of deepening housing market slump as 7% mortgage rates bite

With mortgage rates hovering near 7%, Moody’s chief economist Mark Zandi warns of a looming slump in the U.S. housing market unless rates decline soon. The housing sector, once a stabilizer, is now becoming a “full-blown headwind” for the economy.

Affordable Housing

 Moody’s chief economist warns of deepening housing market slump as 7% mortgage rates bite
Lawmakers argue ‘no-fault’ eviction bill protects property owners, hurts tenants

A ‘no-fault’ eviction bill has passed both the House and Senate and is now heading to the governor’s desk. The legislation has sparked debate among lawmakers, with supporters claiming it protects property owners while opponents argue it harms tenants.

Affordable Housing

 Lawmakers argue ‘no-fault’ eviction bill protects property owners, hurts tenants
Average mortgage rate falls to lowest level since early April

In a promising development for homebuyers, average mortgage rates have dipped to their lowest levels since early April. This decline offers a glimmer of hope for buyers struggling amidst rising home prices.

Affordable Housing

Rock legend Jon Bon Jovi ‘rejects buyer’ for $43M Florida property near Trump’s Mar-a-Lago

Rock legend Jon Bon Jovi has reportedly declined to sell his $43 million Palm Beach mansion, turning down a mystery buyer who is purchasing properties near former President Trump’s Mar-a-Lago estate. His decision stands out amid a wave of high-profile real estate transactions in the exclusive neighborhood.

Luxury Homes

 Rock legend Jon Bon Jovi ‘rejects buyer’ for $43M Florida property near Trump’s Mar-a-Lago
After Portland balks, Seattle bans rent-setting algorithms

In a decisive move, Seattle has passed a new law banning the use of rent-setting algorithms by landlords. This legislation comes after Portland chose not to implement a similar ban, highlighting a regional difference in addressing technology in the housing market.

Affordable Housing

Editorial, 6/25: Embrace of low-barrier shelter a step forward

Lincoln’s People’s City Mission is adding a 69,000-square-foot expansion that includes a new low-barrier homeless shelter. This development aims to provide essential space for individuals who cannot or will not use existing facilities, marking a significant step forward in supporting the city’s homeless population.

Affordable Housing

 Editorial, 6/25: Embrace of low-barrier shelter a step forward
The Breakaway developement breaks ground on North Lamar

Oxford celebrates the groundbreaking of “The Breakaway,” a luxury condominium set to redefine North Lamar with upscale living and prime commercial spaces. Anchored by local retailer Core Cycle & Outdoor, the three-story development brings new opportunities for residential and business growth just north of The Square.

Luxury Homes

 The Breakaway developement breaks ground on North Lamar
Existing-Home Sales Edge Higher in May Despite Mortgage Rate Pressure

Existing-home sales in the U.S. saw a modest increase of 0.8% in May, even as high mortgage rates continued to challenge buyers.

Affordable Housing

 Existing-Home Sales Edge Higher in May Despite Mortgage Rate Pressure
North Devon’s housing market – where are we now?

Recent announcements, including a £39 billion allocation by the Chancellor for social and affordable housing, are set to significantly impact North Devon’s housing market.

Affordable Housing

 North Devon’s housing market – where are we now?
New community of hope addressing homelessness opens in Bradenton

With the snip of a ribbon, Bradenton takes a bold step toward addressing homelessness on the Suncoast, unveiling a new community dedicated to making a difference.

Affordable Housing

 New community of hope addressing homelessness opens in Bradenton
Bill would ban local ordinances restricting bedroom occupancy

A new bill proposes to prohibit local ordinances that limit how many people can share a bedroom, focusing on overturning restrictions commonly found in college towns.

Affordable Housing

 Bill would ban local ordinances restricting bedroom occupancy
Report: Median home prices in NH reach record high

A new housing report reveals that median home prices in New Hampshire have reached an all-time high, presenting challenges for prospective buyers. The rising costs may be discouraging for those looking to purchase a home in the state.

Affordable Housing

 Report: Median home prices in NH reach record high
10 most expensive homes sold in Hackensack, May 26 – June 1

A house that sold for $869,000 tops the list of the most expensive residential real estate sales in Hackensack in the past week. This significant transaction highlights ongoing trends in the city’s vibrant housing market.

Luxury Homes

10 most expensive homes sold in the Union City area, May 26 – June 1

A Union City condo has sold for $938,000, leading the list of the city’s most expensive residential real estate sales between May 26 and June 1. Explore the top transactions that highlight the area’s thriving property market.

Luxury Homes

What $1 million or less gets you in Bergen County, May 26 to June 1

Between May 26 and June 1, Bergen County showcased a diverse array of homes priced under $1 million. Prospective buyers explored numerous affordable options across various neighborhoods, reflecting a vibrant and accessible real estate market.

Affordable Housing

Is It Finally a Buyer’s Market in Housing? – A Wealth of Common Sense

As homes linger on the market despite price reductions, experts suggest the U.S. housing landscape may be shifting in favor of buyers. Real estate agents urge sellers to adjust expectations in a market that is no longer as heated as in 2021.

Affordable Housing

Homes at or under $400,000 in Hudson County, May 26 to June 1

Between May 26 and June 1, prospective homebuyers discovered a range of affordable homes in Hudson County, all priced at or below $400,000.

Affordable Housing

What $350,000 can buy you in Warren County, May 26 to June 1

Between May 26 and June 1, Warren County offered a variety of homes under $350,000, giving prospective buyers numerous options across different neighborhoods.

Affordable Housing

Most expensive homes sold in these Central NY counties from May 24 to May 30

Central New York’s real estate market witnessed significant high-end transactions between May 24 and May 30, highlighting a dynamic week for luxury properties. This compilation offers insight into the most expensive homes sold across the region’s counties during this period.

Luxury Homes

Cayuga County real estate: nine most expensive homes sold, May 24-30

A Moravia home sale of $292,000 leads this week’s list of Cayuga County’s most expensive residential transactions, showcasing a vibrant real estate market in the region.

Luxury Homes

Six most expensive homes sold in Sayreville, April 28 – May 25

An $850,000 sale leads Sayreville’s housing market between April 28 and May 25, highlighting a surge in high-value property transactions.

Luxury Homes

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