The hottest housing markets of 2022 will be spread across the Sun Belt for the second year in a row, with Tampa topping the list, predict experts with online real estate giant Zillow. Rounding out the Top 10 super-hot home-buying markets are Jacksonville, Raleigh, San Antonio, Charlotte, Nashville, Atlanta, Phoenix, Orlando and Austin. With far…
Zillow Predicts Hottest Housing Markets for 2022 and Those That Are Fastest Cooling
January 6, 2022
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AtlantaAUSTINCHARLOTTEhousing marketJACKSONVILLENASHVILLEORLANDOPhoenixRaleighreal estateSan AntonioTAMPAUSUS NewsZillow
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Homebuilder Sentiment Closes Year With High Confidence
December 16, 2021
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Business & Economyeconomyhome builder sentimenthousing marketinflationMarketssingle family homesUSUS News
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Homebuilder confidence inched toward the highest reading of the year despite product shortages and a 39-year-high inflation rate that has prompted the Fed to halt aggressive pandemic-era stimulus programs and increase interest rates. Strong consumer demand for housing, combined with limited existing inventory, buoyed homebuilder confidence as the NAHB/Wells Fargo Housing Market Index (HMI) released…
Pending Home Sales Jump by Forecast-Beating 7.5 Percent in October, Reversing September Decline
November 29, 2021
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Business & EconomyBusinesses in COVID-19economyhousing marketInvestmentMarketspending home salesUSUS News
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U.S. pending home sales rose sharply in October, beating forecasts and reversing a September decline as prospective homebuyers sought to lock in sales before an anticipated rise in mortgage rates and fast-rising rents, according to the National Association of Realtors (NAR). The association’s Pending Home Sales Index (PHSI), which is based on contract signings and serves…
Home Sales in US Rise to Nine-Month High, Shortages Persist
November 23, 2021
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Business & Economyeconomyexisting home salesHousing Industry Associationhousing marketinflationMarketsnew homesUS
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Sales of U.S. homes, including new and previously-owned, rose unexpectedly in October to their highest level since the start of the year as recovery-related employment level gains propelled a healthy demand for accommodation. According to figures from the National Association of Realtors, there was an increase in the share of investors buying up homes last…
ECB Sees Rising Risk That Housing Bubble Will Burst
FRANKFURT—The eurozone housing market is heating up, increasing the chances of a correction in both the residential and commercial segments, the European Central Bank said in a stability report on Wednesday. With families building up savings during pandemic and increasingly working from home, demand for property is on the rise, pushing house price growth to…
Western State Housing Markets Remain Hot, Rate of Price Appreciation Decelerates
News Analysis Home prices across the western United States continue to increase at a very high rate, but the rate of growth slowed in August from July. Phoenix remains the hottest market in the US, with home prices there increasing by a full third (33.3 percent increase) during the 12 months ending on Aug. 31….
Live Q&A: Trump Unveils Social Network and Media Group; Evergrande Collapse Accelerates
Former President Donald Trump has announced a new social media app, alongside a new video entertainment company and media company. And in other news, the looming housing market crisis in China is accelerating. In this live Q&A with Crossroads host Joshua Philipp, we’ll discuss these stories and others, and answer questions from the audience. We’re…
Housing Market so Hot, Burned House Going for Almost $400,000
MELROSE, Mass.—A home in Massachusetts seriously damaged by fire has been listed on the market with an asking price of $399,000. WBZ-TV reported Monday that the listing for the home in Melrose, a suburb of Boston, is evidence of how hot the housing market is. In August, industry groups listed the median sale price of…
Normalcy May Be Returning to Southern California Housing Markets
Commentary The Southern California housing market seems finally—maybe—to be returning to some semblance of normalcy. Of course, some places are still super red-hot. Scott Barr, for instance, relates that the clients of Pacific Sotheby’s Global International looking for a home within five blocks of the ocean in Laguna Beach are still paying “all cash” for…
Beijing Walks Tightrope on Domestic Housing Market
Commentary In late 1979, then-Federal Reserve Chairman Paul Volcker announced a bold plan to get rid of the high inflation that had plagued the U.S. economy for much of the 1970s—by eventually raising interest rates to 20 percent. The move sent the U.S. economy spiraling to a severe recession for the subsequent few years, but…
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