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FORGOTTEN HISTORY: 22 - The Untold Story

Does Affordable Housing Make the Surrounding Neighborhood Less Affordable?

A Urban Institute research brief found that affordable housing developments in Alexandria, Virginia, were associated with a small increase in surrounding property values.

Reason

Toronto Housing Crash Up To 36 Percent In Certain GTA Suburbs Since February 2022

After an epic 30-year run in housing prices in the Greater Toronto Area (GTA)—interrupted by only a handful of sharp but quick declines—the bear is back. In some GTA suburbs, Toronto housing crash has shaved over one-third of value off of average home prices the first two quarters of 2022…

Benzinga

Study finds Hispanic homebuyers most likely to use risky, nontraditional financing

Rising home prices and mortgage rates have made it more difficult for many first-time homebuyers and have pushed some to consider alternative forms of financing. A survey out of Pew Charitable Trusts found that Hispanic homebuyers are the most likely to pursue nontraditional financing, which is almost always riskier than…

Tribune News Service

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House prices fall for the first time in nearly two years as rising interest rates bite

Australian home prices have fallen nationally for the first time in at least 20 months, according to two leading monthly indices, although many parts of the country are still in a property boom.

ABC News

Buying amid affordability squeeze? Here’s how homebuyers can cope

The housing market caught fire in 2020 as Americans decided en masse that they wanted homes and were willing to pay for them.

Tribune News Service

Commentary: California’s economy may seem healthy. But just wait for the next recession

The California economy may seem healthy on the surface, with home prices soaring, Silicon Valley booming and the state government posting big multi-year state budget surpluses thanks to a massive surge in capital gains tax revenues and income tax revenues from tech stocks.

Los Angeles Times

2 Homebuilding Stocks to Buy on the Dip

The homebuilding market has benefited since the COVID-19 pandemic’s onset amid robust demand and skyrocketing home prices. With housing demand likely to remain strong, we think the price dip in the stocks of fundamentally sound homebuilding companies NVR, Inc. (NVR) and Cavco Industries (CVCO) could be an ideal investment opportunity.…

StockNews.com

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Home sales tumble again as mortgage rates surge

Sales of previously occupied U.S. homes slowed in April for the third month in a row as mortgage rates surged, driving up borrowing costs for would-be homebuyers as home prices soared to new highs

The Independent UK

Home prices could fall in some U.S. cities. Here's where and why

During the past two years, home prices nationally have soared more than 30%. Rising mortgage rates make affording a home even harder. That has many people wondering if we're in another housing bubble.

WEKU

Rising home prices are leading to fears of a new housing bubble

Home prices are up 30% in the past year in some cities. Many people wonder if we're in another housing bubble. Some economists think prices could fall in places where homes are especially overvalued.

WEKU

As Orlando home prices soar, investors buy into Black neighborhoods, sparking concerns

ORLANDO, Florida — Nearly every day, Paula Kittrell gets a call, a text or a mailer with the same message: If she is thinking about selling her West Lakes home near downtown Orlando, there is someone willing to pay cash today.

Orlando Sentinel

Fear of missing out is fueling the real estate market, and experts are concerned

Rising interest rates and higher home prices would normally cool a hot housing market, yet the national and local real estate scenes continue to run red hot.

Tribune News Service

Fears of housing bubble mount, but any correction won’t be like the last

In the first year of the pandemic, home values defied expectations by skyrocketing. During the second year of life with COVID, property prices soared even more.

Tribune News Service

The 15 Most Expensive Housing Markets in the US: Real Estate with the Highest Average Home Prices

The most expensive housing markets in the U.S. have an average home price almost three times the national average.

Kiplinger

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