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

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

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

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 of June, coming off record lows but still just a 4.1-month supply. The median price of an existing home sold in June was $426,900,...

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

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?

New York Post

There may be trouble looming on the horizon for the U.S. stock market, according to BCA Research.

In a note to clients last week, BCA Research chief global strategist Peter Berezin warned that, contrary to popular belief, the economy will fall into a recession either this year or in early 2025. 

Should that happen, the S&P 500 could tumble to 3,750, which marks a 30% drop from current levels.

Stock market could drop 5% or more before end of 2024: Wall Street analyst warns

Berezin’s prediction hinges on the belief that the labor market will slow notably in coming months, which will weigh heavily on consumer spending...

US headed for a deep recession in near future as stocks could fall 30%, analyst warns

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

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

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

NBC News

There’s mounting evidence that artificial sweeteners may be linked to heart disease and other possible health risks. Scientists say the findings are far from definitive, however, with some leading researchers calling for better-designed clinical trials investigating the long-term health effects of sugar substitutes. That’s why, in separate trials, researchers...

Which artificial sweetener is the safest choice?

Reuters

WASHINGTON (Reuters) - U.S. single-family homebuilding fell to an eight-month low in June amid higher mortgage rates, suggesting the housing market was likely a drag on economic growth in the second quarter.

US single-family housing starts hit eight-month low; green shoots in manufacturing

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

Fortune

Warren Rotax, 67, stacks a freshly milled board of tongue and groove pine June 19, 2024 at Clifford Lumber in Hinesburg, Vermont. Clifford Lumber was established in 1929 by Harold Clifford and is now run by his grandson, Lynn Gardner, and his son, Peter Gardner. (Photo by Robert Nickelsberg/Getty Images)

Lumber prices are plunging. Blame the record drop in U.S. housing affordability and a post-pandemic double bubble ‘hangover’

Arizona State

Arizona public health officials are warning that hantavirus, a virus spread by rodents to humans, is causing an increase in a potentially fatal lung syndrome. There have been seven confirmed cases and three deaths in the past six months, according to a recent health alert. Most cases of hantavirus are...

Arizona officials warning about spread of potentially fatal hantavirus

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

Charlotte, NC

When it comes to grocery shopping, consumers often debate the prices at different stores. In North Carolina, two chains are particularly known for their higher prices:. Locations: 16 across North Carolina, predominantly in larger cities like Charlotte and Raleigh.

North Carolina Is Home To Two Of The Most Expensive Grocery Stores in America

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

Kiplinger

The S&P 500 and Nasdaq also scored wins Tuesday albeit with much smaller gains than the blue chip Dow.

Stock Market Today: Dow Spikes 742 Points After UnitedHealth Earnings

Welcome to Investopedia's economics live blog, where we explain what the day's news says about the state of the U.S. economy and how that's likely to affect your finances. Here we compile data releases, economic reports, quotes from expert sources and anything else that helps explain economic issues and why they matter to you.

US Economy News Today: Mortgage Rates Drop For Second Week in a Row, Freddie Mac Says

According to a new report from the National Association of Realtors, foreign buyers purchased $42 billion worth of U.S. existing homes from April 2023 through March 2024, retreating 21.2% from the prior 12-month period. International buyers purchased 54,300 properties, down 36% from the previous year and the fewest number of homes bought since 2009 when NAR began tracking this data. Overall, U.S. existing-home sales totaled 4.09 million in 2023, down 18.7% from 2022, and the lowest level since 1995.

Foreign Investment in U.S. Residential Properties Plummet 21 Percent Over Last 12 Months

NewsBreak

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

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...

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

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