Columbus, OH

Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 3.89 million SAAR in June. Sales Year-over-Year and Not Seasonally Adjusted (NSA) The fourth graph shows existing home sales by month for 2023 and 2024. Sales declined 5.4% year-over-year compared to June 2023. This was the thirty-fourth consecutive...

NAR: Existing-Home Sales Decreased to 3.89 million SAAR in June; Median House Prices Increased 4.1% Year-over-Year

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

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

According to Fannie Mae’s latest Home Price Index (FNM-HPI) reading, single-family home prices increased by 6.9% from Q2 2023 to Q2 2024, with the pace of growth slowing due to rising mortgage rates and increased home availability. The quarterly increase is down from the previous quarter’s annual growth rate...

Home Prices Rose 6.9% Year Over Year in Q2—Down from 7.3% in Q1

LOS ANGELES (AP) — The nation's housing slump deepened in June as sales of previously occupied homes slowed to their slowest pace since December, hampered by elevated mortgage rates and record-high prices. Sales of previously occupied U.S. homes fell 5.4% last month from May to a seasonally adjusted annual...

US Home Sales Fell in June to Slowest Pace Since December Amid Rising Mortgage Rates, Home Prices

Home prices are projected to increase in 2025. We're just halfway through 2024 and experts are already developing opinions about the 2025 housing market. According to Fast Company, which cites data from the ResiClub blog, most experts predict an average 2.5% rise in home prices during 2025. Goldman Sachs predicts the highest increase at 4.4%, while Moody's is the most conservative, expecting only a 0.3% rise. Beyond 2025, Goldman Sachs anticipates that home price growth will align with the historical average of 4.5% per year, while Moody's expects prices to remain relatively flat.

Here’s What Experts Are Predicting for the US Housing Market in 2025

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

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

Washington, D.C. – U.S. News & World Report, the global authority in rankings and consumer advice, today released the 2024 Best Medical Schools in Research and 2024 Best Medical Schools in Primary Care. In each of these categories, the methodology was updated to recognize the top medical schools by placing them within four different tiers of performance.

U.S. News Releases 2024 Best Medical Schools

North Carolina State

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

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

Reuters

WASHINGTON (Reuters) - U.S. existing home sales fell more than expected in June as the median house price set another record high, but improving supply and declining mortgage rates offered hope that activity could rebound in the months ahead.

Record house prices depress US home sales in June

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

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’

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

Massachusetts State

Stop & Shop Announces Closure of 32 Stores Across the Northeast. Stop & Shop, a well-known grocery chain, has confirmed the closure of 32 of its underperforming stores across the Northeast region of the United States. The decision, aimed at streamlining operations and fostering future growth, will affect locations in New Jersey, Massachusetts, New York, Connecticut, and Rhode Island, with all closures scheduled to be completed by November 2nd.

A well-known grocery chain, has confirmed the closure of 32 of its under performing stores

LONDON (Reuters) -Sunday, July 21 was the hottest day ever recorded, according to preliminary data from the European Union's Copernicus Climate Change Service, which has tracked such global weather patterns since 1940. The global average surface air temperature on Sunday reached 17.09 degrees Celsius (62.76 degrees Fahrenheit) — slightly higher...

World Recorded Hottest Day on July 21, Monitor Says

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?

Markets Insider

Real estate investors are setting aside billions in cash as commercial real estate distress grows. Private equity firms have more than $250 billion earmarked for North American commercial properties, Bloomberg reported. Investors have been eyeing pain in the sector amid high interest rates and declining values. Commercial real estate investors...

Investors have lined up over $250 billion to scoop up distressed commercial real estate as pain in the sector continues

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

NewsBreak

Home Sales Tank in June as Prices Hit New High

Sales of existing homes slumped sharply in June, falling by 5.4% from May, even as the price of a median home hit a new record, the...

Home Sales Tank in June as Prices Hit New High

Comments / 0