The World Prepares to Re-Open Economies
Recovery will likely accelerate slow-building trends BY PATRICK DUFFY Amonth ago, I wrote about an econ- omy in disarray due
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New This Week
Chicago Now Requires New Homes Be Wired for Electric Appliances
In a push for clean energy amid the rising trend of electrification, the 2022 Energy Transformation Code requires new homes
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U.S. Home Sales Drop for 7th Straight Month
Confidence among single-family home builders eroded for a ninth consecutive month in September, while permits for future home building tumbled
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Solutions for the Affordable Housing Crisis in the Western U.S.
Production builders may be the key to solving the affordable housing crisis; sprawling out to build on the outskirts of
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The Housing Market Moves Closer to a Correction
Prices are retreating from their historic highs, effecting us all, buyers and renters. According to Consumer Affairs, âsix months to a
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New U.S. Home Construction Rises Amid Drop in Applications To Build
Though new home construction rose to 12.2% as of August, applications to build declined to their slowest pace since June
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Mortgage Applications Gain Steam Despite 14-Year High Rates
Mortgage applications rebounded with a 3.8% weekly gain in volume levels. According to Mortgage Professional America, âtreasury yields continued to climb
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U.S. Housing Markets Could See 15-20% Price Declines
The much-discussed âcorrectionâ of the U.S. housing market is becoming more evident with each passing month. The question is no
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Lumber Prices Fall as Mortgage Rates Rise
Lumber prices fell as US mortgage rates hit the highest level in 14 years, pulling back from an earlier rally
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Federal Reserve Expected to Raise Rates Again
The Federal Reserve will either raise rates by three-quarters of a point for the third consecutive time, to 3%, or
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Biden-â Harris Administration Announces New Buy Clean Actions
New actions under the Federal Buy Clean Initiative have been announced by the Biden-Harris administration to spur development of low-carbon
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U.S. Home Price Growth Slows to Lowest Level Since January
Home price growth slows as new listings have declined for 10 straight weeks. According to Mansion Global, although last weekâs
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US Mortgage Rates Climb Above 6% for First Time Since 2008
As new data was released, it was found that mortgage rates have risen to above 6% for the first time
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U.S. Mortgage Interest Rates Top 6% for First Time Since 2008
The average interest rate on the most popular U.S. home loan rose above 6% for the first time since 2008
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There are Now 210 U.S. Housing Markets at Risk of 15% to 20% Home Price Declines, Says Moodyâs
Moodyâs Analytics chief economist Mark Zandi says he expects national home prices to decline up to 5% from peak to
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Investor Purchases of Homes Spiked in 2021
Investor purchases of homes increased nationwide in 2021, with some states seeing investor purchases doubled or more from 2020, and
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New Home Building Trend Spotted in Smaller Metros
Slowed construction growth in larger metro areas has allowed for the activities in smaller cities and rural areas continues to
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Mortgage Rates Hit 14-Year High
U.S. mortgage rates, continuing to rise, reach a new high. According to The Real Deal, the average rate on a 30-year
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It Started: The Housing Market Is Collapsing
High mortgage rates, supply chain issues and labor shortages, all of which are leading home builders and mortgage brokers to
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Mortgage Rates Reach Highest Level Since 2008
Rate for a 30-year mortgage nears 6% Freddie Mac said Thursday that its latest Primary Mortgage Market Survey shows the
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Housing Sentiment Fluctuates As Interest Rates Rise While Prices Fall
Fannie Maeâs Home Purchase Sentiment Index dropped for the sixth month in August as higher mortgage rates and other affordability
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Single-Family Home Prices Cool, Rents Continue to Rise
After rising for 24 straight months, the average price of existing single-family homes is finally decreasing as the buying frenzy
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Penny Lane by Trumark Homes Opens for Sale
New community features 70 three-story townhomes in Concord San Ramon, Calif., (September 7, 2022) â Trumark Homes, the award-winning
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âHousing Correctionâ Is Coming
Though still recovering from the pandemic, a housing correction is on the horizon. According to Michigan Live, two-thirds of the nationâs
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âSell My Houseâ Hits Its Highest Point in U.S. Internet History
In July of 2022, the term “sell my house” was searched via the internet more than it ever has in
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Addressing the Affordability Crisis
ADUs and multigenerational homes serve as short-term solutions for the low housing stock and affordability crisis. By Yvonne Nguyen The
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Housing Downturn Will Worsen in 2023
Researchers at the investment banking giant Goldman Sachs predict the U.S. housing market will close out 2022 on a low
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Three Ways California Can Make It Easier for Homebuilders to Create More Housing
How elected leaders can address the need for more housing By Jeff Montejano It’s no secret that California’s critically low
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City Ventures To Unveil Skyridge, a âTop of the Worldâ Enclave of Estate Homes in Joshua Ranch
Palmdale, CA, August 31, 2022 â City Ventures, Californiaâs leading builder of solar, all-electric homes, announces the highly anticipated Grand
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Homebuildersâ Rally Fizzles as Higher Rates Are Here to Stay
The $16 billion surge in July is no longer as the Federal Reserve zeros in on inflation through increased interest
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U.S. Home Price Growth to Stall Completely
Though already having fallen and sparked fear of recession, home prices have further to go. According to New York Post,
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Mortgage Rate Jumping to More Than 5.5%
Mortgage rates jumped higher this week as investors tried to make sense of data that gave mixed signals about the
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