Want more stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the free, daily ResiClub newsletter. This week, researchers at the Federal Housing Finance Agency (FHFA) published a 52-page working paper titled, The Lock-In Effect of Rising Mortgage Rates. The FHFA researchers’ analysis reveals that the lock-in effect—where homeowners with lower mortgage rates are unwilling to sell and purchase another home at significantly higher mortgage rates—has resulted in 1.3 million...
Want more stories from Lance Lambert’s ResiClub in your inbox? Subscribe to the free, daily ResiClub newsletter. According to the Freddie Mac House Price Index, U.S. home prices rose 0.1% during the seasonally soft window from December 2023 to January 2024. On a year-over-year basis, U.S. home prices rose 6.1% between January 2023 and January 2024. National house prices as measured by Freddie Mac ended January 2024 up 1.6% above the 2022 summer peak, and 42.6% above March 2020 levels. ...
When the Dodgers put tickets to their home opener on sale last month — available in several presales, and then to the general public — the cheapest ticket appeared to be $199. Los Angeles is an event town, and what bigger event than Shohei Ohtani's first home opener with the team that signed him to the richest contract in baseball history? But six days before the home opener, it appears the Dodgers came in too high on how much L.A. fans would pay just to be there. The "get-in price" — that is,...
Scott Melker, also known as the “Wolf of All Streets,” has shared some concerns regarding the bitcoin market. Pointing to his “top signals,” he cautioned that the market could “cool off massively for a few months before hopefully ramping up again in the fall.” This Market Could ‘Cool off Massively’ Scott Melker, also known as […]
Builder incentives like interest-rate buy-downs and the relative affordability of the area are big draws for prospective buyers.
Everything about the way Americans buy homes was already changing. On
Crash? What crash? A much-feared slowdown in house prices – due to hit last year – appears to have been more of a speed bump than a full snarl-up, with all the indicators now pointing green once again. That is of course good news for homeowners and will bail a few out of negative equity. []
MEDFORD, Ore. – The city of Phoenix will soon see the construction of a new affordable housing community which will provide 72 new units. The Pacific Flats housing community is aimed to provide affordable housing to families recovering from the 2020 Almeda Fire. The property will consist of five three story buildings and a clubhouse […]
The consultation process on the "universal access works" at the protected structure is due to close today
Construction is making progress at Miami Freedom Park, the future home of MLS side Inter Miami. The stadium is still scheduled to open later in the 2025 season when Lionel Messi plays the final season of his contract in Major League Soccer. While the physical construction of the 25,000-seat stadium has not yet started, crews Construction is making progress at Miami Freedom Park, the future home of MLS side Inter Miami. The stadium is still scheduled to open later in the 2025 season when Lionel...
The Morning Digest is compiled by David Nir, Jeff Singer, and Stephen Wolf, with additional contributions from the Daily Kos Elections team. Subscribe to The Downballot, our weekly podcast Embedded Content Leading Off ● New York: With New York's new congressional map now in effect, Daily Kos Elections is rolling out a batch of updates to some of our most frequently used data sets. Up first is our chart of the results of the 2020 presidential election broken down by congressional...
Housing market activity, including sales and the supply of properties for buyers to choose from, has improved, Zoopla said.