Last year was a slump for investors in the housing world: mortgage rates were too high, home prices and rents were cooling. But things are picking up; in the first quarter of this year, “14.8% of sold homes were purchased by investors, the highest share on record,” according to Realtor.com. Still, there’s a caveat. “Though
If you’re a baby boomer, you might not consider today’s mortgage rates to be high. After all, in the 1980s and ’90s, they were much higher. But if you’re of a younger generation and experienced historically low mortgage rates throughout the pandemic, and years before, you probably feel otherwise. Well, a new normal is setting
Buying a home in Alaska is increasingly challenging for residents, as home prices are higher than during their 2022 and 2023 peaks and mortgage rates have risen by more than 50 percent in the past six years, according to a new study by the Alaska Housing Finance Corporation (AHFC). Between 2018 and 2024, the average
Homes in Nunaka Valley neighborhood of East Anchorage. (Loren Holmes / ADN) Last year in Anchorage, housing reached its least affordable level in the last 21 years — worse even than during the Great Recession over a decade ago, according to new data from the Alaska Department of Labor and Workforce Development. State economists reported
329 Greens Farms Road – Photo SmartMLS.com During the week of June 17-21, 15 properties traded hands for a total of $30.0 million, generating $75,100 in conveyance tax. One year ago, 11 properties changed hands for $27.4 million. 329 Greens Farms Road sold for $4,500,000.Seller: SIR-329 Greens Farms LLC.Buyer: Jocelyn K Simon Tr Jocelyn K
The lock-in effect that has kept U.S. housing market activity subdued probably isn’t going away this year or next year or even the year after that. It could hang over prospective buyers and sellers of existing homes for six to eight years before finally going away, Bank of America warned in a note on Monday, locking
279 Saugatuck Avenue – Photo Realtor.com During the week of June 10-14, nine properties traded hands for a total of $28.8 million, generating $72,000 in conveyance tax. One year ago, seven properties changed hands for $15.3 million. 279 Saugatuck Avenue sold for $8,925,000.Seller: Barbara & Peter Godfrey.Buyer: Michael J Gretz. 148 Old Road sold for
With Ireland’s housing crisis showing few signs of abating, businesses are increasingly having to step in with staffing accommodation, including by buying or renting real estate. It’s impacting firms of all stripes, although the services industry appears particularly afflicted. Ireland has among the highest housing costs in the EU and services roles are typically not
PDF OF FULL REPORT Author: Steven L. Byers, Ph.D., DJ Summers Since 2010, the median value of owner-occupied housing in Colorado has increased 132.4%. Over the same period median household income has increased 65.2%. The difference between the change in the value of owner-occupied homes and households’ median income has produced a massive increase in
AMARILLO, Texas — An Amarillo city employee admitted to embezzling more than $465,000 intended for homeless shelter funds, U.S. Attorney Leigha Simonton announced Monday. Amy Dixon, 44, the City of Amarillo’s former Homeless Management Information Specialist, pleaded guilty to conspiracy to embezzle from a federally funded program. In her role, Dixon was responsible for distributing