housing crisis

Vacation Home Markets Haven’t Yet Regained All Their Lost Value

SEATTLE/ June 13, 2018 (STLRealEstate.News) — In places where vacation homes are most common, the housing crisis still shows a noticeable effect on the market. Scattered across the country, vacation home marketsi experienced a steeper run up in home values during the housing bubble, but also a sharper fall. Vacation home markets gained 117 percent … Continue reading Vacation Home Markets Haven’t Yet Regained All Their Lost Value

Single-Family Rental Boom Lowered Annual Home Sales by 270,000 Homes

The number of single-family homes that are rented grew by more than 5 million between 2006 and 2017 – Across the United States, starter homes are slightly more likely than more valuable homes are to be rented out. – After steadily increasing over the past decade, the share of single-family homes that are rented edged … Continue reading Single-Family Rental Boom Lowered Annual Home Sales by 270,000 Homes

Home Prices Boom 10 Years After Housing Crisis

SANTA CLARA/ Calif., Nov. 13, 2017 (PRNewswire)(StlRealEstate.News) — Home prices have returned to the boom levels of a decade ago — which foreshadowed the bursting of the real estate “bubble” and the onset of The Great Recession — but today’s housing market is starkly different, according to data released today from realtor.com®, a leading online … Continue reading Home Prices Boom 10 Years After Housing Crisis

Mortgage Brokers Launch B.R.A.W.L. Initiative to Combat Unethical Whole-tail Lender Practices

PHILADELPHIA/ Oct. 9, 2017 (StlRealEstate.News) — A network of independent mortgage brokers throughout the country have banded together to launch a national movement in the mortgage industry, Brokers Rallying Against Whole-tail Lending (B.R.A.W.L.), an initiative focused on stopping the unethical practices used by “whole-tail lenders”. The term “whole-tail lender” has been coined by B.R.A.W.L. to swipe … Continue reading Mortgage Brokers Launch B.R.A.W.L. Initiative to Combat Unethical Whole-tail Lender Practices

California starts tackling huge affordable housing shortage

SAN FRANCISCO/September 30, 2017 (AP)(StlRealEstate.News) — Gov. Jerry Brown put his signature Friday on bills aimed at tackling the affordable housing crisis in California, which needs an estimated 1.5 million more homes and apartments to satisfy demand from those priced out of the soaring market. Brown signed the 15 bills in San Francisco, where the … Continue reading California starts tackling huge affordable housing shortage

For Least Valuable U.S. Homes, Housing Crisis Recovery Lagging

SEATTLE/Sept. 21, 2017 (StlRealEstate.News) — Median home values are reaching new peaks in more than half of the nation’s largest housing markets, but a closer look at which homes are regaining value reveals an uneven recovery in the biggest markets.  More than 50 percent of U.S. homes have reached or surpassed the value they reached during the … Continue reading For Least Valuable U.S. Homes, Housing Crisis Recovery Lagging

California REALTORS® applaud advancement of state housing bills package

LOS ANGELES/ Sept. 15, 2017 (StlRealEstate.News) — The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today issued the following statement in response to the passage of a package of housing bills that will help address the state’s housing affordability crisis: “REALTORS® throughout the state applaud the California Legislature for taking action to address the state’s historic housing … Continue reading California REALTORS® applaud advancement of state housing bills package

California affordable housing bills clear Assembly

SACRAMENTO, Calif./September 15, 2017 (AP)(StlRealEstate.News) — The California Assembly approved a package of bills to address the state’s housing crunch late Thursday as lawmakers search for ways to generate more money and streamline regulations that can stifle new construction. The tense and dramatic late-night vote in the Assembly sets up a final decision on Friday … Continue reading California affordable housing bills clear Assembly