HousingWireHousingWire The oldest baby boomers are poised to turn 80 years old this year, which could bring the market of dedicated senior housing from a place of oversupply to a shortage. This is according to a report published this week by the Wall Street Journal. The projected aging of the…
Continue reading →HousingWireHousingWire Gary Keller, Jay Papasan and Jason Abrams took to the stage at the KW Family Reunion on Tuesday to discuss the housing market and current economic trends as they do every year. But while the three Keller Williams executives did their usual forecasting for the year, they also acknowledged…
Continue reading →HousingWireHousingWire A bill that has been introduced multiple times to the Illinois Legislature since 2020 is poised for a new revival as the state continues to seek ways to address its shortage of affordable housing stock, according to reporting by Northern Public Radio. The Build Illinois Homes Tax Credit Act,…
Continue reading →HousingWireHousingWire Homebuyers can purchase properties in full with cash, eliminating the need for a mortgage application. But last year, only one-third of buyers purchased homes with cash, representing a three-year low point. In total, 700,445 homes in 2024 were purchased with cash, which is down from 760,914 in 2023. Real…
Continue reading →HousingWireHousingWire In the third quarter of 2024, Fitch Ratings estimates that national home prices were overvalued by 11.1% on a population-weighted average basis. This marked a decrease of 50 basis points from the previous quarter’s figure of 11.6%, according to a report released Tuesday. Fitch noted that the S&P CoreLogic…
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