Real Estate
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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