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RE/MAX’s Motto Mortgage named a top ‘recession-proof’ opportunity

USA Real Estate News-Inman - Thu, 2022-09-29 15:36
As lenders pivot to serve homebuyers, RE/MAX franchisor's "mortgage brokerage-in-a-box" also makes a separate list of top franchise opportunities for Black entrepreneurs.

Buyers’ market now expected by end of 2023, economists predict

USA Real Estate News-Inman - Thu, 2022-09-29 15:10
From a panel of 107 experts surveyed by Zillow, a majority agreed that rising mortgage rates are driving down competition among buyers, which will eventually result in a buyers' market.

Gilded Age mansion breaks Fifth Ave. townhouse record in $50M sale

USA Real Estate News-Inman - Thu, 2022-09-29 14:19
The Beaux-Arts-style townhouse had not traded hands in over 75 years and marks a price record for any townhouse sold on Fifth Avenue, according to Douglas Elliman Realty.

Hurricane Ian Expected to Be One of the Costliest Storms in U.S. History

USA Real Estate News-RISMedia - Thu, 2022-09-29 14:04

Hurricane Ian, a category 4 hurricane that slammed Florida’s Gulf Coast overnight, is expected to be one of the costliest storms in U.S. history, as predicted by a report from CoreLogic released earlier this week. According to CoreLogic’s report, along the Florida Gulf Coast a total of 1,044,412 single-family and multifamily homes were at potential…

The post Hurricane Ian Expected to Be One of the Costliest Storms in U.S. History appeared first on RISMedia.

Mortgage Rates Eyeing 7% Territory

USA Real Estate News-RISMedia - Thu, 2022-09-29 14:03

Mortgage rates increased for the sixth-straight week this week, reaching another high we haven’t seen in more than a decade. According to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®), the 30-year fixed-rate mortgage (FRM) rate averaged 6.70% this week, up from last week’s increase to 6.29% Here’s this week’s breakdown: 30-year fixed-rate mortgage averaged 6.70%…

The post Mortgage Rates Eyeing 7% Territory appeared first on RISMedia.

Home Shoppers Find More Options Amid Still-High Listing Prices

USA Real Estate News-RISMedia - Thu, 2022-09-29 14:02

The U.S. housing market is offering home shoppers more options this fall than in 2021, as inventory increased 26.9% year-over-year in September, according to a new report from realtor.com® released this week. Realtor.com®’s Monthly Housing Trends Report states that while yearly listing price growth remained in the double-digits in September at +13.9%, the pace continued…

The post Home Shoppers Find More Options Amid Still-High Listing Prices appeared first on RISMedia.

Dipping Home Prices a Potential Relief for Buyers as Affordability Crisis Lives on in Q3

USA Real Estate News-RISMedia - Thu, 2022-09-29 14:01

As the affordability crisis in the housing market continues to wreak havoc on aspiring buyers, new data from ATTOM Data Solutions shows how far out of reach it has gotten this year. In its third quarter 2022 U.S. Home Affordability report, researchers found that median-priced single-family homes and condos remain less affordable in the third…

The post Dipping Home Prices a Potential Relief for Buyers as Affordability Crisis Lives on in Q3 appeared first on RISMedia.

Booming Downtowns: Atlanta and LA Lead with Most New Apartments Built

USA Real Estate News-RISMedia - Thu, 2022-09-29 14:00

Downtown apartment construction has been flourishing all across the U.S. over the last decade, in response to people’s changing attitudes and lifestyle preferences, according to a new report released this week by StorageCafe. StorageCafe’s downtown apartment construction report looked at the downtown areas of the country’s 100 largest cities and ranked them based on the…

The post Booming Downtowns: Atlanta and LA Lead with Most New Apartments Built appeared first on RISMedia.

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