Last week, Ralph Reed, the Faith and Freedom Coalition’s founder and chairman, told the group, “There has never been anyone who has defended us. real-estate market in matter-of-fact terms, often in.
Brings charges in Massachusetts, California, South Dakota. The U.S. Dept. of Housing and Urban Development is doubling down on the charges it is bringing against housing companies for discrimination. This week, it brought charges against or settled with housing companies in Massachusetts, California and South Dakota.
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Unsold inventory is now at a 4.2-month supply at the current sales rate, versus 4.8 months a year ago and the 6.0-month supply typically associated with a more balanced real estate market. One positive aspect was an increase in first-time home buyers who comprised 33% of buying volume compared to 32% in June.
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And an array of market data – including sale prices, inventory numbers and tallies of discounted listings – supports the notion that the market has shifted in some counties.” “Wannabe buyers, discouraged after getting outbid again and again, are pulling back, said Sean Manning, a san jose-based real estate agent with Sereno Group.
Inventory. Housing inventory – or the lack thereof – was a big deal in 2016, and it will continue to be a problem next year, experts believe.
In East New York, the promise of investment has had a perverse. to pay the mortgage on a typical home. That makes it America’s least affordable home market. It’s a disorienting political dynamic..
From home prices and sales to construction and mortgage rates, watch these measurements for a better grasp on the state of the real estate.
There is a silver lining to a construction shortage, however: The housing market avoids a construction glut that overproduces, which can cause problems in a future economic downturn. "Normally you have an oversupply (of properties) – that’s what happened in the last crash," Ron says.
Here he gives us the latest data from Larry Meyer’s Macroeconomic Advisers, where they track the real GDP index (inflation-adjusted). It is also in recession territory. Housing is terrible..
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