Home prices in California jumped in 2021 while housing sales decreased as corporate investors continued buying up homes across the state. Housing in Los Angeles and San Francisco rose nearly 19 percent last year, while San Diego home prices jumped 25 percent higher, according to a report. S&P Dow Jones Indices (S&P DJI), a leading…
2021 Home Price Increase Highest In Over 3 Decades: S&P Dow Jones Indices
Home prices in the United States increased by a multi-decade record rate in 2021 due to the COVID-19 pandemic and resulting change in housing location preferences, according to a recent report published by S&P Dow Jones Indices (S&P DJI). The National Composite Index, which measures home price gain, increased by a record 18.8 percent in…
Home Ownership Turning Into Pipe Dream for Many Americans
A combination of a shortage in homes for sale and rising prices is turning home ownership into an unattainable dream for many Americans, according to a report by the National Association of Realtors (NAR). Home prices have risen by almost 30 percent since 2019, making the typical house roughly $80,000 more expensive than prior to…
Mortgage Demand Falls, Cost of Buying a Home Surge With Record Low Levels of Supply
The number of mortgage applications from prospective homebuyers declined for the week ending Feb. 4, along with the share of refinance applications, following the rise in mortgage interest rates. The Mortgage Bankers Association’s (MBA) Market Composite Index, which measures the volume of mortgage applications, fell by 8.1 percent from a week earlier on a seasonally…
Mortgage Demand Falls, Cost of Buying a Home Surges With Record Low Levels of Supply
The number of mortgage applications from prospective homebuyers declined for the week ending Feb. 4, along with the share of refinance applications, following the rise in mortgage interest rates. The Mortgage Bankers Association’s (MBA) Market Composite Index, which measures the volume of mortgage applications, fell by 8.1 percent from a week earlier on a seasonally…
OSHA Withdraws Business Vax Mandate; Neil Young Demands Spotify Remove His Music | NTD Business
The Biden administration is withdrawing its vaccine mandate aimed at large businesses. What’s behind the decision? And when does it go into effect? Musician Neil Young wants Spotify to remove his music. He claims it’s letting podcaster Joe Rogan spread vaccine misinformation on the streaming service. Another volatile day on the stock market. What’s the…
Chaos in San Francisco Is Catalyst for New Business Helping Residents to Leave
When Tony Bennett first crooned “I Left My Heart in San Francisco” back in 1962, no one had any idea that the popular “City by the Bay” would one day become an urban center so wrought with skyrocketing home prices, crime, and homelessness that even long-time residents are now joining an ever-growing exodus. After living…
Nearly 1 in 5 American Homes Bought by Investors in Last Quarter Sales
November 16, 2021
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Almost 1 in every 5 American homes sold in the third quarter of this year was bought by an investor entity rather than an individual looking to live in or rent out the home, according to data from Redfin, a brokerage. Investors snatched up more than 90,000 houses totaling more than $63 billion, representing 18…
Investors Bought Nearly 1 in 5 American Homes Sold in 3rd Quarter
November 16, 2021
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Business & EconomyBusinesses in COVID-19Economieseconomyhome ownershiphome pricesinflationInvestmentMarketsmortgagereal estaterentUS
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Almost one in every five U.S. homes sold in the third quarter of 2021 was purchased by an investor entity, rather than an individual looking to live in or rent out the residence, according to data from Redfin, a real estate brokerage. Investors bought more than 90,000 houses totaling more than $63 billion, representing 18…
Home Price Growth Remains Near Record Highs: Reports
Two new reports show that U.S. home prices continued their skyward vault in August, as supply shortages and strong demand combined to keep buying pressure elevated. Single-family home prices across the United States rose at a record 19.84 percent annual pace in August, slightly above the July rate of 19.75 percent, according to the S&P…
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