Tag:

Housing Market

Consumer Confidence Falls To 2022 Lows Amid Tariff Worries, Affordability Crisis: Survey Consumer Confidence Falls To 2022 Lows Amid Tariff Worries, Affordability Crisis: Survey
Consumer Confidence Falls To 2022 Lows Amid Tariff Worries, Affordability Crisis: Survey Consumer confidence plunged in March, hitting its lowest level since 2022 as lingering inflation, a slowing job market, and economic uncertainty weigh on Americans. The preliminary consumer sentiment index dropped to 57.9 in March, down 10.5 percent from February, a survey from the University of Michigan said on Friday, Mar. 14. It marks the lowest reading since November 2022 and 27.1 percent lower than March 2024. The decline marks the third consecutive month of falling confidence, with all age groups, income levels, and political backgrounds reporting a more negative outlook. "…
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why New home prices could jump by as much as $10,000 because of President Donald Trump's tariffs, industry leaders warn. The National Association of Home Builders (NAHB) estimates that Trump's tariffs could increase prices by $7,500 to $10,000 per new single-family home. The trade group said the estimate is based on reports from members planning for tariff-related price hikes. Trump imposed a 25 percent tariff on Canadian and Mexican goods on Monday, Mar. 4, as well as 20 percent duties on Chinese imports. Two days later, he announced the tariffs would be paused for products covered by the…
US Home Sales Plunge To Lowest Level Since 1995: Here's Why US Home Sales Plunge To Lowest Level Since 1995: Here's Why
US Home Sales Plunge To Lowest Level Since 1995: Here's Why Home sales in 2024 tumbled to their lowest level in nearly two decades but the Northeast offered a small glimmer of hope in an otherwise challenging year for the housing market. Existing-home sales dropped to 4.06 million in 2024, the National Association of Realtors (NAR) said in a news release on Friday, Jan. 24. That figure marked the worst year for the US housing market since 1995. The sales drop happened as the median price of a home reached a record high of $407,500, up six percent from 2023. "The median home price was elevated partly due to the upper-end market's relative …
Red, Blue, And You: New Tool Lets Homebuyers Check Neighbors' Politics Red, Blue, And You: New Tool Lets Homebuyers Check Neighbors' Politics
Red, Blue, And You: New Tool Lets Homebuyers Check Neighbors' Politics Homebuyers are increasingly considering political leanings when choosing neighborhoods, according to a brand-new report.  Real estate agents note that clients prioritize communities aligning with their political views, seeking compatibility beyond traditional factors like schools and safety, the Axios story says. This trend may lead to more politically homogeneous neighborhoods, potentially impacting local governance and community interactions. Additionally, new real estate platforms, such as Oyssey, provide insights into neighborhood political affiliations, further enabling buyers to…
Most Expensive Long Island Home Listings All Sold For Under Asking Price Most Expensive Long Island Home Listings All Sold For Under Asking Price
Most Expensive Long Island Home Listings All Sold For Under Asking Price These luxury homes on Long Island didn’t quite fetch the selling price their owners had hoped for. Of the 10 most expensive residential sales to close across Nassau and Suffolk counties since Wednesday, Aug. 28, all 10 sold for below asking price, data from Zillow shows. The most expensive listing – a one-bedroom, three-bathroom ranch on 1.62 acres in Great Neck that was listed for $7.8 million – closed on Wednesday, Aug. 28, for $6.5 million, 16-percent under asking. The cheapest of the 10 – a six-bedroom, six-bathroom newer build on one acre in Woodbury that had sought $3.495 million – c…
These NY Locales Among 20 Hottest Housing Markets In US, New Report Says These NY Locales Among 20 Hottest Housing Markets In US, New Report Says
These NY Locales Among 20 Hottest Housing Markets In US, New Report Says Blink and you could miss out on homes in these New York locales, among the hottest housing markets in the country, according to a new ranking. Two metro areas in the Empire State made Realtor.com’s “20 Hottest Housing Markets” list for April 2024. To come up with its ranking, the real estate website looked at two key factors in analyzing house markets: Market demand, measured by unique property views on Realtor.com, and the pace of the market, measured by how long houses are for sale. The following New York metro areas made the ranking: No. 2: Rochester. Median listing price: $295…