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Housing Wire
JANUARY 22, 2024
According to Zillow ’s annual predictions, Indianapolis will be the fourth-hottest real estate market of 2024, thanks to its solid economy, housing inventory, affordability and pent-up demand. The top three spots in the ranking were Buffalo, New York, and Cincinnati and Columbus, Ohio. The real estate market As of Jan.
Housing Wire
JANUARY 19, 2023
The report noted that “most bankers reported that residential mortgage demand remained weak.” New York – The residential sales and rental markets showed further signs of cooling in late 2022. Cleveland – Residential construction and real estate activity declined further. Residential real estate activity fell moderately.
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Will Springer Realtor
OCTOBER 8, 2021
The Federal Reserve, which has been buying mortgage-related securities for more than a year to artificially keep interest rates low, has signaled a desire to taper its bulk purchases within the next month or so. A 30-year mortgage in our area could be had for about 3.125%, up from about 2.875% a month ago. Who needs a car?!
Will Springer Realtor
MAY 12, 2021
Home prices are overheating, mortgage rates are inching up from the start of the year and the supply of homes is in an unseasonable valley – far from its Mt. Today, 37% of all buyers are Millennials and they comprise about 54% of all mortgage applications. of mortgages underwater); Multnomah County (Portland), Ore. points at 34.
Will Springer Realtor
MAY 13, 2024
A year later, the same real estate consultancy estimates the number has expanded to 2.1M, a jump of 24%. An annual survey released this month by the Federal Reserve Bank of New York said renters put the probability of ever owning a home at 40%, down from 44% last year. We are now experiencing historic shortages.
Will Springer Realtor
MAY 9, 2023
Compounding the demand is a consumer public determined to stay put for several more years rather than dive into a real estate market clouded by higher interest rates. Information from the National Mortgage Database shows 83% of all mortgage holders enjoy an interest rate below 5% when today’s average rate is about 6.5%.
Will Springer Realtor
SEPTEMBER 12, 2023
A report from Smart Growth America and real estate info services firm Places Platform named Seattle one of the top five walkable cities in the nation. Portland was right behind us, with New York City at No. cities for first-year homeownership costs, according to real estate site Point2Homes. topped the list.
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