Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.

Investments

AmericaÕ housing market value soars to $27.5 trillion

Houston ranks first in home price appreciation

Homes values in the nation grew from $1.7 trillion in 2014 to $27.5 trillion in 2015, appreciating 6.7% year over year, according to Zillow(Z). Home prices increased 85% in 2013. Per Business Insider:  

 "Looking at the total value of the U.S. housing stock proves just how huge and important the housing sector is to the overall economy," wrote Zillow Chief Economist Stan Humphries in a press release. "Virtually nowhere else will you see gains of more than a trillion dollars in one year represent only single-digit percentages of the total market.

Houston led the nation with homes worth $353 billion, a 13% increase, the article reported. This was followed by Atlanta ($373 billion, up 10.5%) and San Jose ($544 billion, up 10.2%).  

Most Popular Articles

The housing market is losing steam

Mortgage applications for new home purchases decreased 3% from May and 23.8% year over year, suggesting buyer fatigue in the housing market.

Jul 20, 2021 By
3d rendering of a row of luxury townhouses along a street

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