Doug Duncan and Mark Palim share their insights on the overarching challenges and concerns confronting the mortgage and real estate industries. They addressed the significant topics without making any references to Realtor.com in the discussion.
Is there a possibility of sales growth enduring? Likely, but the stability of this expansion is not guaranteed. Nonetheless, the elevation in home prices appears to be quite steady throughout the year.
This summary provides an overview of the leading metropolitan regions in the U.S. where baby boomer homeowners are most prevalent. Baby boomers currently represent the youngest age group eligible for reverse mortgages.
The sector of new home sales creates job opportunities for those in the construction industry and fuels the buying of goods and services essential for establishing these residences.
Beginning in February, The Hartford has made the decision to discontinue the issuance of new homeowners’ insurance policies in California, a move that mirrors the actions previously taken by State Farm and Allstate.
The roots of the current issues facing the American economy may potentially be traced through an exploration of its monetary history.
Though the commercial real estate sector has recently encountered several hurdles, an unexpected trend has surfaced among institutional investors – a growing attraction to retail space. As the need for office spaces lessens, it appears that retail real estate is garnering increasing attention.
The surge in construction of single-family homes experienced a slight deceleration recently. Data suggests that approximately 1.413 million homes were initiated in 2023, representing a 9.0% decrease from the previous year, 2022.
Recall the sizable vessel that became firmly stuck in the Suez Canal in March 2021? This incident caused a sudden stoppage of several hundred ships in a matter of days. Astonishingly, this resulted in a disruption of 12% of worldwide commerce in less than a week.
Legislation enacted by the U.S. Congress in 2022 could potentially simplify the process of securing savings for retirement, although current senior citizens continue to grapple with significant obstacles.