The Chinese government’s fight to control housing prices and insulate the economy is bound up with some very fundamental human impulses—and decisions made decades ago.
Closing the African American Homeownership Gap | HUD USER
As of December 31, 2020, the rate of African-American homeownership is 44.1 percent, whereas the rate of White homeownership is 74.5 percent. At all income ranges, even at incomes above $100,000, homeownership rates are lower for African-American households than for White households.
At least 40 properties in the United States sold for $50 million or more last year, a 35% increase from 2020, and at least eight sold for at least $100 million, a 300% jump from the prior year.
The share of first-time homebuyers fell to 26% in November 2021, the lowest since January 2014. Around 24% of existing homes were purchased with all cash--only 7% of first-time home buyers could afford this approach compared to 30% of non-first-time buyers.
Mortgage rates rose to their highest level since May 2020 to 3.22% for 30-year-fixed-rate loans, up 3.11% from the week ending December 2021 and 2.65% one year ago which was the lowest on record.
Median sales prices rising for existing single-family homes in all but one of 183 measured markets in the third quarter of 2021. Austin-Round Rock, TX saw the greatest price appreciation (33.5%), followed by Naples-Immokalee-Marco Island, FL (32%), Boise City-Nampa, ID (31.5%), Ocala, FL (29.7%), and Punta Gorda, FL (27.5%).
Red-Hot Housing Market Fuels Mortgage Borrowing Record
Mortgage lenders issued $1.61 trillion in purchase loans in 2021, beating a record set in 2005, as a wave of Americans entered the housing market or sought larger homes.
Rents for single-family homes are rising three times as fast as they were a year ago
Rental prices for single-family homes rose 10.9% on average, a three-fold increase over October 2020. Rent increases were highest in Miami (29.7%), followed by Phoenix (19.3%) and Las Vegas (16.5%).
Mobile-Home Values Have Been Migrating Upward at Breakneck Speed
The national median value of a mobile home in 2019 was $53,000, about $180,000 less than a traditional home. That was a 39% spike over the median value in 2014, while traditional homes rose by 33% over those five years.
From Materiality to Risk Mitigation: ESG at A Tipping Point for Real Estate - Counselors of Real Estate
Volume 45, Number 13 July 7, 2021 By Deborah J. Cloutier, CRE Photo: fokke baarssen/Shutterstock.com ESG at a Tipping Point was listed as the #3 issue in the 2021-22 Top Ten Issues Affecting Real Estate® by The Counselors of Real Estate®. Introduction Environmental, social, and governance (ESG) has reached a tipping point. In a 2019 McKinsey …
The Miami Movement fuels Q2 venture capital. South Florida VC rockets 271%, and we've got the top deals - Refresh Miami
Venture capital investments in South Florida rocketed higher in the second quarter of 2021. In the Miami-Fort Lauderdale metro area, companies raised $831.4 million, a 271% increase in dollar value over the first quarter, according to the Q2 Venture Monitor report. Yet, that Q2 haul was across 50 deals, down from 52 in Q1.
Redfin Study: Homes in Black Neighborhoods Are Undervalued by an Average of $46,000 | Redfin Press Center
Compared with homes in primarily white neighborhoods, homes in primarily Black areas have consistently been undervalued by tens of thousands of dollars over the last decade, after accounting for fundamental factors that contribute to home values SEATTLE , April 20, 2021 /PRNewswire/ -- (NASDAQ:
ZILLOW is Manipulating the Housing Market. They Need to Stop.
The US Housing Market has never been more expensive in 2021. Home prices are at an all-time high relative to wages and rents. Home buyers and real estate inv...
Rent or Buy? Buying a Starter Home More Affordable in Nearly Half of the Biggest Metros
Surging rents and low mortgage rates mean that the monthly cost of buying a starter home is more affordable than renting in nearly half of the biggest housing markets across the country.