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May jobs report complicates things for the Fed

Housing Wire

Even though the pace of layoffs has picked up, many businesses, particularly in transportation, healthcare, and hospitality, continue to have strong demand for workers,” Mike Fratantoni , the Mortgage Bankers Association’s chief economist, said in a statement. in April, with the total number of unemployed persons rising to 6.1

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Mortgage rates remain steady, rise to 2.81%

Housing Wire

Strong purchase demand is helping to lift the construction, manufacturing and transportation industries that build new homes and it is also leading to more consumer spending for owners, who are selling or improving their homes,” said Khater. The housing market is booming, as shown by the extremely strong pace of home sales last week.

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What Impact Will the Infrastructure Bill Have on the Housing Crisis?

Appraisal Buzz

Market prices for purchased and rented homes are through the roof, with no clear end in sight. More people are searching for homes than there are houses available. This supply and demand issue made property prices skyrocket, with few able to afford what sellers were asking. The Current Housing Crisis. Appraisals.

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Investor Insights: How to Thrive in CRE Amid Challenging Market Conditions

Appraisal Buzz

Many of them are buyers, but they are underwriting deals based on the new interest rate and pricing reality in the market. This is a reality that many sellers are unwilling to accept unless they are forced to. Consider the property’s proximity to amenities, transportation, schools, and employment hubs.

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Will the Infrastructure Bill Affect the Real Estate Market?

Appraisal Buzz

The housing market has experienced a turbulent few years, so what can industry experts expect in the future? As energy efficiency becomes a more visible data point, it’s likely that this will become a marketing point for eco-conscious renters and buyers. Secondary Real Estate Markets On the Rise.

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Affordability boosts Indianapolis housing market 

Housing Wire

It also boasts a strong labor market, adding 28,500 jobs in November 2023 compared to November 2022, according to data released by the Bureau of Labor Statistics (BLS). In 2024, she is optimistic that sellers will sell and more buyers will come to the market, as there is a big pent-up demand.

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Local Housing Markets: Fargo, Bergen County and 30A, Florida

Housing Wire

Local housing markets is a HousingWire magazine feature spotlighting housing trends across the country. There are excellent schools and great transportation into Manhattan, but if you go a little bit north you can go hiking. Recently, Bergen County has been home to one of the hottest housing markets in the country.