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Why Lennar Corporation Stock Slid After Hours
Thursday, December 14, 2023 - 7:18pm | 472Read More...Lennar Corporation (NYSE: LEN) shares are trading lower in Thursday's after-hours session on the heels of the company's fourth-quarter earnings. Here's what you need to know. What To Know: Lennar reported quarterly earnings of $5.17 per share, topping estimates of $4.59, a 2.99%...
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Real Estate Roulette: California, New Jersey And Illinois Brace For Housing Headwinds
Monday, December 11, 2023 - 12:58pm | 663Read More...Housing markets clustered in California, New Jersey and Illinois are facing the greatest risk of downturns while less vulnerable markets are spread throughout the South, Midwest and Northeast, according to a recent report from real estate data provider ATTOM. ATTOM weighed gaps in home...
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Los Angeles County's Property Valuation Skyrocket To $2 Trillion, Marking 13 Years Of Uninterrupted Growth
Monday, December 11, 2023 - 11:01am | 562Read More...The net value of property in Los Angeles County jumped 5.91% from last year to nearly $2 trillion, according to the county assessor's office. It's the 13th consecutive year that the overall value of all taxable properties included in the more than 4,000-square-mile county has gone up, according to...
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NYC Announces Grant To Fund Homeowners Building Accessory Dwelling Units
Saturday, December 9, 2023 - 11:48am | 749Read More...The lack of affordable housing in major cities across America has reached a crisis stage, and New York City is a prime example of how bad it is. The shortage is so severe and the rents so high that some people have even taken to YouTube to show how terrible their apartments are. This is...
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Reality Check: Owning A Home In The US Now Demands A Six-Figure Salary
Saturday, December 9, 2023 - 11:44am | 865Read More...The housing market has witnessed an unprecedented surge over the past three years, causing an affordability crisis across the U.S. While the ultra-low interest rates during the COVID-19 era initially sparked demand, the housing sector remained resilient throughout aggressive rate hikes over the...
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Surging Mortgage Rates Put The Brakes On Home Sales, Squeeze Self-Storage Demand And Drive Down Rental Rates
Saturday, December 9, 2023 - 11:41am | 921Read More...With high mortgage rates resulting in slower home sales, people aren't moving around as much, which is impacting the demand for self-storage space and resulting in lower asking rates for units. Rental rates dropped 4.1% year over year in October, a slight improvement from an average being down 4.3...
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'If The Government Was Completely Out Of The Housing Market, Prices Would Be Lower' Peter Schiff Says That Real Estate Is A Massive Bubble Because Of Guaranteed Mortgages
Friday, December 8, 2023 - 1:55pm | 975Read More...Euro Pacific Asset Management CEO and Chief Global Strategist Peter Schiff is well known for his predictions of seismic global financial events. In a podcast with Sachs Reality Founder Todd Sachs, Schiff spoke about the impact of government policies in artificially inflating real estate...
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Brad Pitt and Angelina Jolie's Former Mansion In New Orleans' French Quarter Heads To Auction
Friday, December 8, 2023 - 12:59pm | 633Read More...A mansion once owned by Brad Pitt and Angelina Jolie in New Orleans' French Quarter will be sold at auction this month. Pitt and Jolie bought the 7,703-square-foot home in 2006 to use as their residence when visiting New Orleans for their Make It Right Foundation, which was established to help...
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2024 Will Bring Bounty Of Choices For Homebuyers, But High Prices Cast A Long Shadow On Rental Market
Monday, December 4, 2023 - 1:35pm | 632Read More...After a few years of slim pickings, homebuyers will likely have more options in 2024 as homeowners accept that mortgage rates aren't falling any time soon. But prices will remain high, keeping pressure on the rental market to cater to families who will be renting for longer, according to Zillow. "I...
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Brick-And-Mortar Meltdown: Germany's Unprecedented Housing Crisis
Monday, December 4, 2023 - 1:25pm | 922Read More...Skyrocketing interest rates around the globe have culminated in a worldwide housing crisis as economies deal with the problem of burgeoning unaffordable housing. Germany, Europe's largest economy, has been dealing with slower construction amid stagnant demand, causing the property market to shrink...
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The Average Income Needed To Afford A Home In The US Today Exceeds The Average Income By Tens Of Thousands Of Dollars
Monday, December 4, 2023 - 12:25pm | 1077Read More...The average American wage earner needs to earn tens of thousands of dollars per year more than in the past to afford the average house in America. According to the U.S. Census, the average American household income in 2022 was $74,580. The average home price is $431,000, according to the...
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This Metro Area Could Become Bigger Than New York Or Los Angeles In Your Lifetime
Friday, December 1, 2023 - 3:03pm | 826Read More...New York and Los Angeles have long reigned as America's largest cities, but a new study reveals that their time on top may be coming to an end. Online moving platform moveBuddha, which facilitates 400,000 moves annually, conducted a population growth projection that predicts that Dallas-Fort Worth...
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Could Climate Change-Resistant Housing Be The Next Innovation In Home Construction?
Friday, December 1, 2023 - 12:22pm | 946Read More...Developers and homebuilders are responding to the threat posed by climate change by building homes and communities with several special features that make them more resistant to natural disasters. This is important in states like Florida, which is especially susceptible to hurricanes because of its...
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Fannie Mae And Freddie Mac Will Make Home Loans Over $1 Million In Some Regions
Thursday, November 30, 2023 - 1:25pm | 881Read More...Fannie Mae and Freddie Mac recently announced they will raise the maximum limit on their home loans to over $1 million in certain markets where home buyers are struggling to get financing. The decision reflects the new reality facing home buyers in America's most challenging real estate...
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Shifting Market Dynamics: Sellers Offer Concessions To Lure Homebuyers
Thursday, November 30, 2023 - 1:03pm | 567Read More...With many buyers backing out of home purchase contracts, sellers are offering a variety of incentives to entice them to close their deals. Buyers received concessions in about 35% of home sales during the three months ending Oct. 31, according to a recent report from Redfin. It's not much different...
















