Homeownership hopefuls might finally catch a break over the next year, said RE/MAX chairman and co-founder Dave Liniger. Liniger predicted a potential real estate market boom within the next year, fueled by two key factors: rising housing supply and potentially lower interest rates. “I estimate that there are between nine...

Housing market "floodgates" to open

Fox Business

New data published Tuesday by the National Association of Realtors shows that the median existing home sale price smashed another record high in June.

Home prices smashed another record in June as sales slump

Homebuyers shouldn’t expect market conditions to improve too much in the second half of 2024, with mortgage rates likely to remain elevated and supplies tight. Economists expect home prices will rise by about 4%, and mortgage rates to remain at about 6.5%, in the second half. Despite strong demand...

What to Expect in the Housing Market in the Second Half of the Year

Business Insider

Home prices increased somewhat last year, and they're expected to tick up a bit in 2024 as well. Here's why we probably won't see home prices drop in 2024.

Will home prices drop in 2024?

NBC News

Sales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Sales were also 5.4% lower than June of last year. This is the slowest sales pace since December. These are closed...

June home sales slump as median sales price rises to $426,900

North Carolina State

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Town Talks

Death Disclosure Laws and Property Disclosures in North Carolina. In North Carolina, there is no legal obligation for homeowners or real estate agents to disclose if a death has occurred in a home, whether by natural causes, murder, or suicide. However, if a potential buyer directly inquires about any deaths on the property, the seller is required to provide that information.

If someone dies at your house do you have to tell a potential buyer? What North Carolina law says

California State

Today, in the Calculated Risk Real Estate Newsletter: California Home Sales Down 3% SA YoY in June; 4th Look at Local Housing Markets in June. The National Association of Realtors (NAR) is scheduled to release June Existing Home Sales on Tuesday July 23rd at 10 AM ET. The early consensus is for 4.00 million SAAR, down from 4.11 million in May, and down from 4.11 million in June 2023.

California Home Sales Down 3% SA YoY in June; 4th Look at Local Housing Markets in June

Applications to refinance a home loan jumped 15% last week compared with the previous week. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.87% from 7.00%. Applications for a mortgage to purchase a home fell 3% for the week and...

Mortgage refinance demand jumps to a 2-year high, as interest rates drop

Ayana Dunlap changed careers and increased her earning potential over the course of a summer — and she did it without a bachelor's degree, or spending a dime. In June 2020, after hotels and restaurants shut down at the onset of the Covid-19 pandemic, Dunlap was laid off from her job as a senior sales manager at the Hilton Garden Inn Tysons Corner in Virginia.

30-year-old was laid off from her hotel job, now earns $125,000 without a bachelor's degree thanks to this one skill

The heat waves this summer have slowed foot traffic in open houses, according to a recent report. Summertime home sellers may need to get creative to beat the heat. "When we get a heat wave and it's paired with humidity, people tend to just stay indoors in the air conditioning," said Kristin Sanchez, a Redfin Premier real estate agent in Nashville, Tennessee.

It’s too hot to sell a house this summer, some real estate experts say. What home sellers can do

Mark Mobius, Mobius Emerging Opportunities Fund chairman, joins 'Closing Bell Overtime' to talk the impact of the current political shakeup on the markets.

Gold long-term 'will continue to do well', says Mark Mobius

Nebraska State

Omaha, NE

NewsByJoshua

In a recent development, Wellpath has announced layoffs affecting 64 employees in Omaha, Nebraska, following a change in contract that necessitated the closure of its healthcare operations at a specific location.

Surprise layoffs hit Nebraska as an unexpected company downsizes

Jeff Bezos is selling 25 million Amazon shares worth $5 billion, according to a regulatory filing on the day the tech giant’s stock hit a record high. The proposed sale on Tuesday came as Amazon’s stock closed at $200 per share, its highest price since Amazon’s 1997 NASDAQ listing.

Jeff Bezos selling $5B worth of Amazon shares as company’s stock hits all-time high

As more households stretch to cover price increases and higher interest rates, most Americans falsely think the U.S. is in recession, a new report by Affirm shows. Confidence in the U.S. economy is "at a low point," says Vishal Kapoor, senior vice president of product at the fintech company. By...

Is the U.S. in a recession? Roughly 3 in 5 Americans think so, report finds

Multifamily market conditions were mixed, according to the National Multifamily Housing Council’s quarterly survey for July. Two of the four indices that are part of the Quarterly Survey of Apartment Conditions—debt financing and sales volume—were above the breakeven level of 50, indicating more favorable conditions. However, the other two indices—equity financing and market tightness—fell slightly below the breakeven level.

Apartment Market Conditions Show Mixed Results in NMHC Survey

CNBC brings you fast, accurate, and actionable business news and market updates.

The Pre-Market Rundown 2

Learn how a housing bubble forms, the warning signs to look for, and what happens when a housing bubble pops.

What is a Housing Bubble? Signs & How It Bursts

The Associated Press

LOS ANGELES (AP) — Sales of U.S. homes to Chinese, Canadian and other foreign buyers have fallen to the lowest level in more than a decade, hampered by a strong dollar and more hurdles that have kept the housing market in a deep sales slump for over two years. Some 54,300 previously occupied U.S. homes were purchased by non-U.S. citizens in the 12 months ended in March, according to a report this week by the National Association of Realtors. That’s the fewest homes sold to foreign nationals in data going back to 2009. Sales were down about 36% compared to the same period a year earlier. Those transactions from April 2023 through March of this year totaled $42 billion, a 21.2% decline from the prior-year period, NAR said.

US homes find fewer foreign buyers as rising costs and a strong dollar leave market in record slump

Can You Park in Front of Someone’s Property in North Carolina?. Parking on crowded city streets and neighborhoods can be challenging, and many wonder if it's permissible to park in front of someone’s property. Here's a breakdown of North Carolina's parking rules:

Can I legally park in front of someone’s home? What North Carolina law says

Illinois State

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Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

NewsBreak

June home sales slump, pointing to a buyer's market as supply increases

Sales of previously owned homes dropped 5.4% in June compared with May. Inventory jumped 23.4% from a year ago to 1.32 million units at the end...

June home sales slump, pointing to a buyer's market as supply increases

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