Month: February 2024

Homeowners Today Stay in Their Homes Twice As Long As They Did in 2005

BrianAnthony

Homeowners Today Stay in Their Homes Twice As Long As They Did in 2005 Homeowners are staying put longer than they were in the early aughts. That’s largely because older Americans are aging in place and it’s difficult to find and afford houses, but partly because it was… Read More Redfin https://www.redfin.com/news/homeowner-tenure-2023/

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Is the U.S. Mortgage Market Set To Surge?

BrianAnthony

Is the U.S. Mortgage Market Set To Surge? Americans’ positivity on the economy jumped to its highest level for two and a half years in January, according to polling reported by the University of Michigan, as all ages and income groups across… Read More Mortgage Professional America https://www.mpamag.com/us/mortgage-industry/industry-trends/is-the-us-mortgage-market-set-to-surge/476886

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House Prices Reach a New Peak, But Not Everywhere

Hanna

By Mark Fleming In November 2023, the Real House Price Index (RHPI) leaped 11 percent on an annual basis. Affordability improved modestly on a monthly basis, as mortgage rates fell from the previous month. Two factors drove the sharp annual decline in affordability – a 7.7 percent annual increase in nominal house prices, according to our First American Data & Analytics House Price Index, and a 0.6 percentage point increase in the 30-year, fixed mortgage rate compared with one year ago. For home buyers, holding prices constant, the only way to…

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Finance is Shaping Homebuilding Today

Hanna

Resolution and adaptability are key for builders to deliver a much-needed supply of homes By Michael Berke As builders strive to overcome financing obstacles, the challenging environment is fueling clear shifts in the industry. Financing constraints have created disruption and uncertainty for many who fight to commence their projects. Simultaneously, the desire for homeownership remains strong and supply is short. The effort for builders and developers to fill their capital stack has become burdensome. Those projects that still make sense find their home prices increasing to maintain margins. Many fully…

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2024 Housing Market Outlook

Hanna

Though things are looking up, it’s not too hot, not too cold, but not quite right either  By Mark Fleming The housing market has been on quite the roller coaster ride since the beginning of the pandemic. While it was strong before 2020, the onset of the pandemic and the societal changes it triggered redefined the role of a home. As work-from-home became the new normal, a house was no longer just a dwelling or a vehicle for wealth creation, but also an office, a classroom, a daycare and even…

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Mortgage Rates Will Drop Below 6% This Year, Says Fannie Mae

Hanna

Fannie Mae, a government-sponsored enterprise that purchases home loans from mortgage lenders, recently released a report predicting that mortgage rates will begin to come down slowly from their current mid-6% range levels. According to Money, Rates have already decreased by more than a percentage point since last October. If Fannie Mae’s current prediction comes true, the rate will have gone down by almost two percentage points from its 2023 high of 7.79% — a change that will have an increasingly significant impact over time for homebuyers and sellers. Fannie Mae’s…

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Akel Homes Elevates Community and Environmental Responsibility in Port St. Lucie with Sundance Development

BrianAnthony

Akel Homes Elevates Community and Environmental Responsibility in Port St. Lucie with Sundance Development Akel Homes, a renowned South Florida-based residential developer, is setting new standards in community design and environmental stewardship with its latest project, Sundance… Read More PRWEB https://www.prweb.com/releases/akel-homes-elevates-community-and-environmental-responsibility-in-port-st-lucie-with-sundance-development-302058340.html

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From Acadia to Verdae, Master-Planned Communities Taking Root in Greenville

BrianAnthony

From Acadia to Verdae, Master-Planned Communities Taking Root in Greenville She fell in love with the walking trails, the kayak launches along the Saluda River, the pickleball courts, and all the other natural and recreational elements that tied the neighborhood together… Read More The Post and Courier https://www.postandcourier.com/greenville/real-estate/special-report/from-acadia-to-verdae-master-planned-communities-taking-root-in-greenville/article_569c2e6a-c6b8-11ee-92ec-d70eb78e754c.html

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