A perfect storm of increased labor costs, inflation and higher interest rates is driving up the cost for single-family homes in the Albany area, and across the country.
A perfect storm of increased labor costs, inflation and higher interest rates is driving up the cost for single-family homes in the Albany area, and across the country.
A perfect storm of increased labor costs, inflation and higher interest rates is driving up the cost for single-family homes in the Albany area, and across the country.
Jack Shaw knows it’s tough making predictions, but he opened up the Lawn & Landscape Technology Conference by forecasting what a future in landscaping might look like. He offered a hypothetical couple, Luke and Annie, who live in Atlanta. In his scenario, Shaw told attendees that the couple lives in Atlanta and contacts a landscape designer to complete a new design/build project. Then, Shaw walked attendees through a technology-assisted pitch the company might use to sell their services to Luk...
Jack Shaw knows it’s tough making predictions, but he opened up the Lawn & Landscape Technology Conference by forecasting what a future in landscaping might look like. He offered a hypothetical couple, Luke and Annie, who live in Atlanta. In his scenario, Shaw told attendees that the couple lives in Atlanta and contacts a landscape designer to complete a new design/build project. Then, Shaw walked attendees through a technology-assisted pitch the company might use to sell their services to Luk...
The Great Appreciation Of Home Prices Is Now Over All of the real, inflation-adjusted U.S. home price appreciation from 1990 to 2021 was due to falling interest rates, at least according to this simple analysis. U.S. mortgage rates may never go lower than they were last year so the multi-decade Great Appreciation of house prices is now over. Decades of Falling Mortgage Rates In January 2021, mortgage rates likely bottomed out after trending lower for decades. Also in January 2021, the U.S. media...
The Great Appreciation Of Home Prices Is Now Over All of the real, inflation-adjusted U.S. home price appreciation from 1990 to 2021 was due to falling interest rates, at least according to this simple analysis. U.S. mortgage rates may never go lower than they were last year so the multi-decade Great Appreciation of house prices is now over. Decades of Falling Mortgage Rates In January 2021, mortgage rates likely bottomed out after trending lower for decades. Also in January 2021, the U.S. media...
It’s a depressing combination. A stunning rise in mortgage rates, historically low levels of inventory, and skyrocketing housing prices is fueling consumer pessimism.
The post Now is basically the worst time ever to buy a home appeared first on HousingWire.
It’s a depressing combination. A stunning rise in mortgage rates, historically low levels of inventory, and skyrocketing housing prices is fueling consumer pessimism.
The post Now is basically the worst time ever to buy a home appeared first on HousingWire.
It’s Friday desk clearing time for this blogger. “The Federal Reserve’s war on inflation and higher mortgage interest rates have hit Utah’s Wasatch Front housing market — hard. ‘Like a wall,’ said Steve Perry, CEO of the Salt Lake Board of Realtors. ‘It’s forced sellers to have to make adjustments.'” “Today, an hour-by-hour glimpse into the working world of Chad, a power broker in southwestern Montana. 9 a.m. I am on the phone with a nervous seller trying to explain the la...
It’s Friday desk clearing time for this blogger. “The Federal Reserve’s war on inflation and higher mortgage interest rates have hit Utah’s Wasatch Front housing market — hard. ‘Like a wall,’ said Steve Perry, CEO of the Salt Lake Board of Realtors. ‘It’s forced sellers to have to make adjustments.'” “Today, an hour-by-hour glimpse into the working world of Chad, a power broker in southwestern Montana. 9 a.m. I am on the phone with a nervous seller trying to explain the la...
A report from CNBC. “‘I think over the next quarter or two there will be some price discovery as we match up mortgage payments with pricing,’ said Doug Bauer, CEO of Tri Pointe Homes. ‘The consumer, really, it was mid-June that we saw this kind of pullback, that pause. I kidded our sales people the other week that they’d gone from order takers to financial therapist.'” “‘We have to work harder to sell homes. We have to be more nimble,’ Pulte CEO Ryan Marshall said on a confer...
A report from CNBC. “‘I think over the next quarter or two there will be some price discovery as we match up mortgage payments with pricing,’ said Doug Bauer, CEO of Tri Pointe Homes. ‘The consumer, really, it was mid-June that we saw this kind of pullback, that pause. I kidded our sales people the other week that they’d gone from order takers to financial therapist.'” “‘We have to work harder to sell homes. We have to be more nimble,’ Pulte CEO Ryan Marshall said on a confer...
OVM Financial has joined forces with AnnieMac Home Mortgage, and as of today, we will begin operating as OVM Financial Team Powered By AnnieMac Home Mortgage! Where We’ve Been OVM Financial’s mission has always been to become our client’s mortgage provider for life. The formula for fulfilling this mission is simple: we must offer industry-leading customer service and a strong lineup of loan options. Throughout our history, OVM has made a handful of significant decisions to pursue ...
OVM Financial has joined forces with AnnieMac Home Mortgage, and as of today, we will begin operating as OVM Financial Team Powered By AnnieMac Home Mortgage! Where We’ve Been OVM Financial’s mission has always been to become our client’s mortgage provider for life. The formula for fulfilling this mission is simple: we must offer industry-leading customer service and a strong lineup of loan options. Throughout our history, OVM has made a handful of significant decisions to pursue ...
Tappable equity rose for a 10th consecutive quarter, according to Black Knight. But 11 of the nation's 50 most equity-rich markets posted declines in Q2, suggesting we are near the peak.
The post Is home equity, now at $11.5 trillion, at its peak? appeared first on HousingWire.
Tappable equity rose for a 10th consecutive quarter, according to Black Knight. But 11 of the nation's 50 most equity-rich markets posted declines in Q2, suggesting we are near the peak.
The post Is home equity, now at $11.5 trillion, at its peak? appeared first on HousingWire.
By Grace Cassidy
The 620 unit in Arris Lofts has just come on the market—and at 3,418 square feet, the four-bedroom, three-and-a-half-bathroom condo is the largest private residence in the Queens neighborhood of Long Island City.
Listed for $3,995,000 with Douglas Elliman agents Ariel Tavivian and Gerard Sager, the property is on the market for the first time since Arris Lofts was developed.
In addition to an expansive interior, the condo also includes over 1,500 square feet of exterior ...
By Grace Cassidy
The 620 unit in Arris Lofts has just come on the market—and at 3,418 square feet, the four-bedroom, three-and-a-half-bathroom condo is the largest private residence in the Queens neighborhood of Long Island City.
Listed for $3,995,000 with Douglas Elliman agents Ariel Tavivian and Gerard Sager, the property is on the market for the first time since Arris Lofts was developed.
In addition to an expansive interior, the condo also includes over 1,500 square feet of exterior ...
The turbulent story of America’s housing market has yielded yet another surprise twist. After steadily climbing to the record-shattering apex of $450,000 in June, home prices are at long last taking the plunge. From July to August, national prices dropped from $449,000 to $435,000, their most significant month-to-month plunge in data history dating back to 2016, according to a new report by Realtor.com®. Granted, home prices in August are still up annually by 14.2% from a year earlier. Bu...
The turbulent story of America’s housing market has yielded yet another surprise twist. After steadily climbing to the record-shattering apex of $450,000 in June, home prices are at long last taking the plunge. From July to August, national prices dropped from $449,000 to $435,000, their most significant month-to-month plunge in data history dating back to 2016, according to a new report by Realtor.com®. Granted, home prices in August are still up annually by 14.2% from a year earlier. Bu...
