#Housing Prices

Wealthiest neighborhoods in Chula Vista--would you live here?

(Unwind/Shutterstock Images) Chula Vista is a major city located in California. This bolstering place is adjacent to San Diego. Chula Vista is the second-largest city in the San Diego metropolitan area, the seventh-largest city in Southern California, the fifteenth largest city in the state of California, and the 78th-largest city in the United States. The population was 275,487 as of the 2020 census, up from 243,916 as of the 2010 census.
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East Valley Tribune

Listings suddenly flooding Valley home market

Whether you’re selling your home or looking to buy, better wear seatbelts. And that may especially be true right now for sellers, who are flooding the Phoenix Metro housing market with a record number of listings, according to the Cromford Report. The Cromford Report, the Valley’s leading analyst of...

Cities with the most expensive homes in St. Louis metro area

Cities with the most expensive homes in St. Louis metro area. Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. Given the current state of the real estate market, housing affordability plays a determining role for buyers. As of June 17, 2022, the 30-year fixed mortgage rate sits at 6.25%. As a result of higher mortgage rates across the board, home prices have risen significantly. The typical home value in the United States increased over the last year by +20.9% to $334,141.
Coeur d'Alene Press

Neighborhood of the Week: Summer sales — Midtown Coeur d’Alene

It might be because of the interest rates. It might be because of the inventory. It might even be because of “Top Gun: Maverick.”. OK, home prices in North Idaho have nothing to do with a smash-hit Tom Cruise blockbuster. The other things, however, factor into the area’s recent rush on price reductions.

Home prices are outpacing the annual income for Nashville residents

NASHVILLE, Tenn. (WZTV) — As we continue to deal with rising inflation, many in the Midstate are getting priced out of their neighborhoods. A recent study shows the average homebuyer in Nashville needs roughly 40% more income this year than last. Across the U.S, home buyers need 34% more...

US weekly real estate update

As mortgage rates rise in concert with The Fed’s rate hikes this month, fears about the American housing market pricing out tens of millions of would-be homebuyers continue to fester. The interest rate on a 30-year fixed rate mortgage is hovering around 6%. And not only is it becoming more expensive to borrow money, but most real estate investors and builders have said they don’t anticipate housing prices will drop...

Dallas Fed Economics: Texas economy retains strength despite weakening

DALLAS (PRESS RELEASE) — The following is a press release from the Federal Reserve Bank of Dallas:. The Texas economy continued to grow in May, but there are signs of deceleration ahead, including a cooling housing market, according to the Federal Reserve Bank of Dallas’ latest Texas Economic Update.

Fort Worth expects continued growth even if national economy slows

Although fears of a recession are growing, Fort Worth economic watchers project that the city and Texas will be largely protected from the worst of its effects. Recession fears are fueled by rising oil prices, inflation reaching its highest level in 40 years, and recent interest rate increases in response by the Federal Reserve Board.

New home sales rebound in May

(Washington, DC) -- New home sales are on the rise for the first time this year. The Commerce Department says sales of new single-family homes jumped ten-point-seven percent in May to an annual rate of 696-thousand units. The gain surprised industry experts given the steady rise in home prices and mortgage rates.
Motley Fool

As Mortgage Costs Spike, Is It Time to Look at Purchasing a Tiny Home?

Don't buy a tiny home until you read this. Tiny homes are typically defined as being 400 square feet or less. Tiny homes can be much cheaper than traditional homes. There are downsides to tiny homes including financing challenges. Tiny homes are typically classified as properties that are 400 square...