Thursday, 21 November 2024

D. Ong

NYC to Turn One of Its Most Photographed Landmarks Into a Condominium by 2026

The Flatiron will have 60 high-end condominium units sold at market rate. New York City is now preparing to turn the Flatiron Building--one of the most photographed landmarks in the area--into a high-end condominium by the end of 2026.
30-Year Mortgage Rate Drops Ahead of the Fed Cut, the Lowest Level in 16 Months

The contract rate for the 30-year loan fell to 6.44% in the week ending Aug. 23, marking the lowest level recorded since April 2023.
The Fed Is Expected To Cut Interest Rates on September 18, Mortgage Rates May Fall as a Result: Report

The Fed could make a quarter-point or a half-point cut on their interest rates during their next meeting.
5 US Housing Markets Where Buyers Have the Most and Least Power: Report

Housing markets where buyers have the most buying power have a growing number of homes for sale and decelerating price growths.
Home Prices Posts an Annual Gain of 5.4%, Marking the Most ‘Unaffordable Housing Market’ in US History

The index tracking home prices in the 20 largest metro areas in the US also posted gains of 0.4% from May.
5 Things Every Home Buyer and Seller Needs to Know About Negotiating Real Estate Commissions

Prior to the recent NAR changes, home sellers covered the commissions of both their agent and the buyer's agent.
US Monthly Mortgage Payments Fell to $2,500, Declining for the First Time Since 2020

Mortgage payments fell after contract rates declined to 6.46% in the week ending Aug. 22. The median monthly mortgage payments in the United States fell to just over $2,500, marking the lowest level recorded in four years.
Justice Department Files Lawsuit Against RealPage for Allegedly Helping Artificially Inflate US Rent Prices

The civil lawsuit accused the software of developing an algorithm that facilitated a price-fixing scheme and decreased competition among landlords.
Airbnb vs Renting Out Your Home: Which Is the Better Option for You?

If you're having difficulties choosing between renting out your house long-term or short-term, here's a guide that could help you choose the most suitable option for you.
5 Best Real Estate Markets in the US in 2024: Analysis

The study analyzed each city across 17 metrics such as living costs and job growth to determine the best housing markets in the US.
7 Ways To Keep Your Garden Thriving in the Fall

With the right care and attention, your garden could thrive in the fall season. Here is a quick guide on things you can do to maintain your garden.
Shaquille O’Neal Sells 5,200-Square-Foot Texas Mansion for $1.7 Million After Listing Just a Month Ago

The final sale price was not disclosed, but the listing had an asking price of $1,695,000. Former NBA star Shaquille O'Neal has found a buyer for his Texas mansion, selling it for $1.
30-Year Mortgage Rate Dips To Lowest Average Since 2023; Existing-Home Sales Rise

The average contract rate for a 30-year mortgage in the week ending Aug. 22 was 0.77% lower compared to the same week in 2023.
Buyers are Now Required to Negotiate Real Estate Agent Fees, Broker Commissions Upfront

The changes are part of a $418 million court settlement involving the National Association of Relators (NAR).
Here Are the Five Hottest Housing Markets in the US in 2024

In some of the hottest zip codes in the US, homes spent 32 to 45 fewer days on the market in the first half of 2024.
New Apartment Construction in the US To Reach Over 500,000 Units by the End of 2024: Report

It will be the first time in US apartment construction history that the number of new rental units will surpass the 500,000-unit threshold.
4 Ways To Find Private Landlords That Accept Section 8 Housing Vouchers

Finding landlords who accept Section 8 vouchers can be challenging. Here's a quick guide to help you get started.
Investors Bought One in Six Homes in the US in Q2 2024, Marking Largest Increase in Two Years: Report

Investor purchases totaled $43 billion in the second quarter of 2024, also marking the largest gain recorded since 2022.
A Record 60,000 Buyers Backed Out of Home Deals in July Amid Election Fears, Soaring Prices

The canceled home-purchase agreements in July accounted for 15.8% of all homes that went under contract in the same period.
Should You Wait for Mortgage Rates To Fall Before Buying a Home? Here’s What Experts Say

Mortgage rates have fallen to 6.49%, the lowest recorded in over a year. The housing market has been tough for hopeful buyers over the last few years, but with mortgage rates now declining, the market could potentially see a rise in demand.
One in 10 Homes in NYC Are Now Being Sold To Out-Of-State Buyers: Report

New Jersey buyers made the largest share of out-of-state purchases in New York City in the first six months of 2024.
Renting Is Now $1,000 Cheaper Than Buying a Starter Home in the US: Report

In some metro areas, buying a home costs $1,944 more than renting. Renters in the United States could now save an extra $1,000 a month compared to those looking to buy their first starter home.
5 Outdoor Spots That Homeowners Often Miss When Cleaning

Maintaining a clean outdoor area will help improve your home's curb appeal and value. Here are some areas many homeowners often overlook when cleaning.
Housing Market Forecasts 2025: Will Homes Become More Affordable?

The median sale price of a home in the US was $442,451 as of June, a 4% increase from the same month in 2023.
Harris Proposes Four-Year Plan To Lower US Housing Costs, Improve Housing Affordability and Homeownership

Kamala Harris' economic plan will build on proposals announced under the Biden administration. Vice President and leading Democratic presidential candidate, Kamala Harris, has recently unveiled her four-year plan to lower housing costs and boost homeownership for American households.
5 Home Design Trends You Should Ditch Before Listing in 2024

Are you thinking of putting your home for sale this year? Here are some features you should consider updating before you list.
US Homes Now Worth $1 With 8.5% Surge, Doubling Pre-Pandemic Levels

The median price of luxury homes also rose 9% year-over-year in the second quarter of 2024. A record 8. 5% of all homes in the United States are now worth at least $1 million, according to a new report on home prices.
The Biden Administration Is Investing $100 Million on Affordable Housing Construction Amid Affordability Crisis

The program is part of the Housing Supply Action Plan, a larger effort designed to increase housing supply and lower housing costs for families.
Median US Housing Payments Dropped by $250, Lowest Level Since February: Report

The median housing payment has declined to $2,588 as of Aug. 11. The median housing payment in the United States has dropped by nearly $250 as mortgage rates declined.
19% of US Home Listings Saw Price Cuts: Here’s Where Sellers Are Lowering Their Prices the Most

Home prices also softened nationally, with the median listing price falling to $439,950. Nearly 19% of available home listings in the United States saw price cuts in July, offering some American buyers relief amid the country's housing affordability crisis.

EDITOR'S PICKS