After four years of crammed open houses, heated competition and dizzying price gains that sent the median cost of a home to $1.2m (€1.06m), San Francisco’s real estate market is starting to lose steam. The inventory of luxury homes is at a record high. A smaller share of deals have bidding wars. Rent growth for […]
Home flipping – buying and reselling a home to make a quick buck – has risen in some hot U.S. housing markets, prompting concerns that local housing bubbles could be developing, according to a report published on Thursday. The report by RealtyTrac found that home flipping in 12 active metropolitan areas last year was […]
Housing experts predict U.S. home value growth around 3.5 percent this year. But which markets are leading the charge? To determine the hottest real estate markets for 2016, we looked at the Zillow Home Value Index (ZHVI) Forecast, recent income growth and current unemployment rates. These variables were scaled and combined equally to form a […]
PHOTOSVIT / ShutterstockMiami Look up at the New York City skyline — way up, 100 stories or so — and you can’t help but notice that the changes over the past few years have been remarkable. But they may be coming to a halt. Over the past five years, a luxury housing boom in the city saw […]
Turmoil in the Chinese stock market could have a quick and direct effect on U.S. housing. From newly built homes in Irvine, California, to Miami condos to Manhattan luxury towers, Chinese money has been flowing freely. The question now is, will trouble in the Chinese stock market translate into more or less cash coming into […]
Homes in pricier cities could be out of reach of more buyers The housing market could be in for a bumpy ride as mortgage rates climb. Home buyers and sellers heading into the busy summer season have been eyeing mortgage rates wondering how long the good times can last. The national housing market has been […]
For reasons I have yet to fully appreciate, there is a lot of confusion about the state of residential real estate in the U.S. Simply by looking at some of the data we can clear up a lot of the muddle. The short explanation is that housing, along with the rest of the economy, has […]
As we approach the midpoint of 2015, the residential real estate market is on track for its best year since 2006, the peak of the housing bubble. (This time, though, it’s no bubble.) Job growth is powering the surge in demand for homes. More than 3 million jobs have been created in the past 12 months. […]
It’s no secret that the Texas economy has been on fire in recent years. Thanks to the unconventional oil boom, last year the state’s oil output reached levels not seen since 1976. That sparked a surge in new home construction and a simultaneous run-up in housing costs in many metro areas. Unfortunately, the local economies […]
Housing supply is tight in most cities across the United States, but that does not mean that every market is a seller’s market. Today’s homebuyers are a finicky lot and a mortgage-dependent lot and a confidence-lacking lot; they may want to buy a house, but they’re not as willing to be as “house poor” as […]
