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☆ We're in a shortage situation in the housing market, says Realtor.com's Danielle Hale
▼ + stars: | 2023-06-15 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're in a shortage situation in the housing market, says Realtor.com's Danielle HaleDanielle Hale, Realtor.com chief economist, joins 'Squawk Box' to discuss the latest housing market trends, why a surge in demand for new homes is in stark contrast to falling sales of existing homes, and more.

Persons: Danielle Hale Danielle Hale

☆ The shortage of houses is hitting some people and areas harder than others
▼ + stars: | 2023-06-08 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +3 min

The shortage is hitting some buyers more than others. The lack of affordable homes heated up competition in the market this spring, which reversed the cooldown in home prices that started last summer. At the higher price ranges, too many homes are for sale for the number of Americans who can afford them. Areas in the Midwest continue to have the highest number of affordable homes. The four cities with the largest supply of affordable homes are all in Ohio.

Persons: Noah Herrera, Danielle Hale Organizations: National Association of Realtors Locations: Realtor.com, Las Vegas, El Paso , Texas, Boise , Idaho, Spokane , Washington, Florida, Riverside, Los Angeles , California, Ohio, Syracuse , New York, Pittsburgh , Pennsylvania, Louis , Missouri

Some popular big cities are losing residents, US Postal Service change-of-address requests indicate. Requests made in 2023 also show that smaller spots outside big cities have tended to gain residents. Smaller spots outside larger urban hubs, meanwhile, are attracting more residents than they're losing. Many people move over the summer to avoid pulling kids out of school midyear, so end-of-year change-of-address data may shed light on other patterns. Also, bigger cities are more likely to both lose and gain people because of their larger populations; the USPS doesn't adjust its numbers according to population.

☆ These are 10 of the cheapest places in the US you can score a beach house
▼ + stars: | 2023-05-19 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Gulfport, Mississippi, is the most affordable coastal town in the US to buy a house, per Realtor.com. The average price for a house that is located within a mile of the beach in Gulfport is $144 per square foot, making it the cheapest coastal town, per Realtor.com's report. The average cost of a coastal house there was $224,900, it said. Its list is limited to just one beach town per state, and also includes some bayside areas as well as towns next to the ocean. Newport News, a city in Virginia with a population of around 184,000 near Williamsburg, Virginia Beach, and the Atlantic Ocean, comes in second place.

☆ This California city is the most popular with millennial homebuyers in the U.S.
▼ + stars: | 2023-03-30 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

San Jose, California is perfectly placed for millennials since it's close to San Francisco and Silicon Valley. 10 most popular U.S. cities for millennial homebuyersSan Jose, Calif. Denver, Colo. Boston, Mass. Seattle, Wash. Austin, Texas San Francisco, Calif. New York, N.Y. San Diego, Calif. Los Angeles, Calif. Washington, D.C. In San Jose, which topped the list, 63.57% of mortgages were offered to millennials. San Jose is ideally placed for millennials since it's close to San Francisco and Silicon Valley.

☆ The Phoenix housing bubble spectacularly popped in 2008. Countless signs point towards a similar struggle now. Here's how bad it really is.
▼ + stars: | 2023-02-05 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +9 min

Phoenix's housing market is quickly deteriorating as a pullback in demand triggers home price declines. And as Phoenix's housing market performs an about-face from the dramatic rise it had witnessed from spring 2020 through summer 2022, experts across the country are debating the possibility of the whole market imploding. And as of January 2023, area home sales are down 74% year-over-year, according to John Burns Real Estate Consulting. The Phoenix Valley — a sprawling desert metropolis that's home to nearly 5 million people — is no stranger to speculative real estate bubbles. Phoenix's housing market could be on track to normalizingDespite the numerous indicators of a weakening housing market, Phoenix may simply be facing a correction versus a crash, several experts told Insider.

☆ Rent prices have dropped the most in these 5 U.S. metros. Why it's cheaper to rent than buy in many markets
▼ + stars: | 2023-01-27 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +4 min

Indianapolis; Carmel, Indiana; Anderson, IndianaMedian rent at the end of 2021: $1,300Median rent at the end of 2022: $1,700Rent increase: 30.8% 2. New Haven, Connecticut; Milford, ConnecticutMedian rent at the end of 2021: $2,250Median rent at the end of 2022: $2,800Rent increase: 24.4% 4. Naples, Florida; Marco Island, FloridaMedian rent at the end of 2021: $5,200Median rent at the end of 2022: $6,448Rent increase: 24.0% 5. Memphis, TennesseeMedian rent at the end of 2021: $1,800Median rent at the end of 2022: $1,695Rent decrease: -5.8% 2. Palm Bay, Florida; Melbourne, Florida; Titusville, FloridaMedian rent at the end of 2021: $2,300Median rent at the end of 2022: $2,200Rent decrease: -4.3% 5.

☆ Real estate remain's a sellers' market, says Realtor.com's Danielle Hale
▼ + stars: | 2023-01-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReal estate remain's a sellers' market, says Realtor.com's Danielle HaleCNBC's Diana Olick with Realtor.com's Danielle Hale join 'The Exchange' to discuss an uptick in first time home buyers, rising all cash sales, and the prices of million dollar homes dropping off most.

☆ The top 10 cities that offer homebuyers the most bang for their buck—none of them are in Florida
▼ + stars: | 2022-12-13 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

Hartford, Connecticut is No. The housing market is in flux right now — thanks to high mortgage rates, and persistent inflation — and homebuyers continue to be priced out of bigger cities. Amid rising costs in 2023, housing markets in affordable, mid-sized manufacturing hubs will continue having an influx of homebuyers. As a result, Connecticut has the highest number of insurance professionals per capita in the U.S., according to Connecticut Insurance Department. When it comes to the housing market, Hartford, CT, is somewhat competitive, according to Redfin.com.

☆ There's strong buyer pullback on the West Coast, says Realtor.com's Danielle Hale
▼ + stars: | 2022-12-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's strong buyer pullback on the West Coast, says Realtor.com's Danielle HaleDanielle Hale, Realtor.com chief economist, joins 'The Exchange' to discuss the housing market cooling and consumer trends in the sector.

☆ Did you believe falling home prices would make buying a house more affordable in 2023? You're wrong.
▼ + stars: | 2022-11-30 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +3 min

Home prices are falling at the fastest rate in 15 years, according to data firm Black Knight. Higher mortgage rates offset any affordability that might be gained from slowing price appreciation. As the Fed raises interest rates in an attempt to bring the economy into equilibrium, mortgage rates have reached levels — peaking at more than 7% — not seen since the mid-2000s. Indeed, data from Realtor.com shows that the typical monthly mortgage payment is expected to climb by 28% in 2023. Buyers will have to contend with the still-high prices and higher borrowing costs.

☆ Here are tips for buying a home in a cooling market, according to top-ranked financial advisors
▼ + stars: | 2022-10-26 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +5 min

Add in higher mortgage rates, elevated home prices and unrelenting high inflation — i.e., the current home-buying environment — and it may feel decidedly unattainable. This means having a good handle on your current financial situation. While the purchase of a house is a single transaction, affordability is largely about monthly mortgage payments. "Look at your current credit score and see if you need to make improvements," Higgins said. Look at your current credit score and see if you need to make improvements.

☆ 10 US cities where homebuyers can find a good deal right now
▼ + stars: | 2022-09-28 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +2 min

It's an interesting moment in which several cities are boasting housing deals not seen in years. However, for those who can still afford a home purchase, there is some good news — the real estate market is becoming less competitive. With less Americans purchasing homes, prospective buyers are finally beginning to see home price declines in cities across the country — some more than others. To determine what markets present a good deal for homebuyers, Realtor.com analyzed housing data from the nation's 250 largest cities. Its researchers were able to identify that several cities across the country are softening for homebuyers.

☆ Rent prices will keep going up in 2023—here's what to expect
▼ + stars: | 2022-09-28 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

Despite some good news about U.S. rent prices falling in August, the long-term outlook still doesn't seem promising. Last month, median rent in the nation's 50 largest cities fell by $10 a month, the first drop in prices since November, according to Realtor.com's latest data. In fact, rent price growth will likely remain elevated well into 2023, says Realtor.com's chief economist, Danielle Hale. "My expectation is that rent growth will slow, but we may not see it go back to what was typical before the pandemic," she says. Rental demand will remain strong due to rising homeownership costs, especially with mortgage expenses nearly doubling since January, Hale says.

☆ Realtor.com's George Ratui breaks down continuous rate hikes' impact on the housing market
▼ + stars: | 2022-09-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRealtor.com's George Ratui breaks down continuous rate hikes' impact on the housing marketAs the Federal Reserve is expected to raise its benchmark interest rate by 0.75 percent, George Ratiu, senior economist for realtor.com, joins 'The Exchange' to break down how it's impacting the housing market.

☆ Confused about the housing market? Here's what's happening now – and what could happen next
▼ + stars: | 2022-09-09 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +5 min

The U.S. housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates. Here are the major factors behind the topsy-turvy housing market. Mortgage ratesThe main driver of the slowdown is rising mortgage rates. In the five years before interest rates began to rise, that income-to-payment ratio held steady around 20%. "Given the large role affordability challenges appear to be playing in shifting housing market dynamics, the recent pullback in home prices is likely to continue," Walden said.

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