Rising
Builder Confidence Plunges on Rising Interest Rates, Growing Affordability Woes
In a sign that the housing market is now slowing, builder confidence took a steep drop in May, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), released this week. Builder confidence in the market for newly built single-family homes fell eight points to 69 in May, and this… […]
10 Ways to Calm Jittery Clients Over Rising Mortgage Rates
The Big Six-Oh can mean different things to different people. For most it’s that they’ve reached the age of 60, with much more of their lives behind them than ahead. For younger folks these days, particularly those looking to buy homes, the Big Six-Oh probably refers to the latest 6.0 30-year fixed mortgage rate percent… […]
Rising Hispanic and Latino Homeownership Poses Potential Boon for the Prepared Agent
It’s difficult to predict the future, and it can be even harder to plan for it. Yet, analysts continue to gaze into their crystal ball of data hoping to do both. By that standard, Hispanic and Latino homebuyers are a demographic that real estate experts believe is poised to be a possible wellspring of clients […]
Commercial Weekly: Modest Rent Differences and Rising Construction Cost are Headwinds for Office-to-Residential Conversions in Major Metro Areas
The conversion of vacant office space for residential use faces hurdles from rising rental and construction costs. www.nar.realtor – Research
Commercial Weekly: Apartment Demand is Normalizing but Rents Likely to Keep Rising in 2022
Apartment demand is still outpacing supply across all classes of apartments and with demand likely to rise, rental prices are also likely to rise. www.nar.realtor – Research
Lumber Prices and Rising Rates Take a Toll on Builder Confidence
Escalating costs took a toll on builder confidence this month. The National Association of Home Builders (NAHB) said its Housing Market Index dipped two points from its February level. At 82 it is down 8 points from the all-time high it established last November. NAHB’s chief economist Robert Dietz said, while there is still a high […]
Rising Financial Wealth Boosts Demand for Vacation Homes
Many homeowners buy a second home expecting to use it for family vacations, as a rental, to gain equity, or – upon retirement – a future primary residence. www.nar.realtor – Vacation, Resort, and Second Homes