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News

17 October 2019

BuildFax: Housing Construction Slowdown May Be Easing

HousingWire Single-family housing authorizations rose 3.57% in September. For months, construction and remodeling activity has been rapidly cooling down. Additionally, for all of 2019, BuildFax Housing Health Reports have revealed that single-family housing authorizations – what it considers a key indicator of historic recessions – have been decreasing. But the latest BuildFax Housing Health Report has a different tune to it. […]

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17 October 2019

Mortgage Rates Jump

Freddie Mac Freddie Mac today released the results of its Primary Mortgage Market Survey, showing that the 30-year fixed-rate mortgage (FRM) averaged 3.69 percent, up 12 basis points from last week. “Despite this week’s uptick in mortgage rates, the housing market remains on the upswing with improvement in construction and home sales,” said Sam Khater, Freddie […]

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16 October 2019

At Their Peak | Six Homes for Sophisticated Mountain Living

Sotheby’s International Realty   For secluded relaxation amid fresh clean air and uninterrupted views, the mountains can’t be beat. These six homes—from a rustically elegant getaway in Southern California to a unique Asian-inspired home in the foothills of Santa Fe—these retreats in the peaks are nearly as alluring as their surroundings. Wine Country Oasis Sonoma, […]

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16 October 2019

Federal Reserve Report Cites “Rebounded” Housing Market

HousingWire Low mortgage rates and strong job market are supporting sales, Fed says. The housing market was the bright spot in the Federal Reserve’s monthly economic snapshot released on Tuesday. Overview of the October 2019 Snapshot Real consumer spending growth softened in August. Real expenditures on services were essentially flat and nondurable goods spending grew only slightly, […]

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16 October 2019

Rent Prices Rise 3%: CoreLogic

Inman News Growth has stabilized, but affordability remains top concern. Rent for single-family homes remains steady, according to new CoreLogic data released Tuesday. Nationwide, monthly rent for single-family homes grew by 3 percent in August, down modestly from 3.1 percent during the same period last year. According to RentCafe, this puts the average national rent at $1,472 a month. CoreLogic “National rent […]

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13 October 2019

Tantalizing Townhome!

Santa Fe Beautiful Homes Savor every inch of this tantalizing townhome! This gorgeously and tastefully renovated residence proffers privacy in a quiet neighborhood yet is only a few minutes from the Plaza. With beautiful finishes and fixtures and a light wonderful feeling, the home features . . . Please click here for more information, photos, […]

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12 October 2019

Rising Financial Wealth Boosts Demand for Vacation Homes

National Association of Realtors Increased financial wealth and low mortgage rates boosted the demand for and price of vacation homes, according to the National Association of Realtors® 2019 U.S. Vacation Home Counties Report, https://www.nar.realtor/research-and-statistics/research-reports/us-vacation-home-counties. Between 2013 to 2018, the median sales price in vacation home counties increased at a slightly higher pace of 36% compared to […]

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12 October 2019

August Was The Easiest Month In 2019 To Afford A Home: NAR

Inman News A typical family possessed 160% of the estimated income required to buy a home in August, according to NAR. It was easier to afford a home in August than at any time in the past year, according to the latest monthly affordability index, meaning the typical family had more estimated income to afford […]

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11 October 2019

Homeownership is the Top Contributor to Your Net Worth

KCM Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau, shared the biggest determinants of wealth, “The biggest determinants of household wealth [are] owning a home and having a retirement account.” (Shown in the graph below): This […]

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11 October 2019

Trump Administration’s Tax Cuts Cost Homeowners $1 Trillion: Moody’s Analytics ProPublica Report

Inman News Policies passed in 2017 that capped various real estate-related federal tax deductions limited housing price growth. A set of tax policies advocated by President Trump two years ago have kept U.S. home prices about 4 percent lower than they otherwise would have been and have ultimately cost American homeowners a collective $1.04 trillion, according to […]

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