Black Knight: June Sees Record-Setting Slowdown in Home Price Growth

Largest Monthly Inventory Gain in 12 Years; Prices Back Off Highs in Some Major Markets Annual home price growth dropped by nearly two percentage points in June – the greatest single-month slowdown on record since at least the early 1970s – with the rate of slowing this month jumping 66% from May While June’s slowdown was record-breaking, home price growth would need to decelerate at this pace for six more

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WORD OF THE DAY: Nobby

[NAH-bee] Part of speech: Adjective Origin: Unknown, late 17th century Definition: Describing a person of wealth or high social position. Examples of Nobby in a sentence “When he wasn’t saving lives as Batman, Bruce Wayne lived a nobby lifestyle as a socialite.” “It doesn’t matter if the rental car is a nobby convertible or a family minivan — I’ll be happy either way.”   About Nobby The closest guess is that “nobby” developed by way

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PROFITS FOR HOME SELLERS SURGE AGAIN ACROSS U.S. AMID NEW ROUND OF PRICE SPIKES IN SECOND QUARTER OF 2022

Profit Margins on Typical Home Sales Hit Another Record, Rising to 56 Percent;Investment Returns in Second Quarter Rise at Fastest Pace in More Than a Decade;Median U.S. Home Price Up 9 Percent Quarterly and 15 Percent Annually, to New High of $346,000 ATTOM, a leading curator of real estate data nationwide for land and property data, released its second-quarter 2022 U.S. Home Sales Report, which shows that profit margins on median-priced single-family home

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U.S. Needs 4.3M More Apartments by 2035 to Address Demand, Deficit and Affordability

Nation Faces 600,000 apartment deficit, 4.7 million fewer affordable apartments Amidst demographic shifts and lingering pandemic-impacts on the population and broader economy, the U.S. faces a pressing need to build 4.3 million new apartments by 2035, according to a new study commissioned by the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC). Based on research conducted by Hoyt Advisory Services and Eigen10 Advisors, LLC, commissioned by NAA and NMHC, the data

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WORD OF THE DAY: Emblematize

[em-BLEM-ə-tiyz] Part of speech: verb Origin: Greek, 17th century Definition: Serve as a symbolic representation of (a quality or concept) Examples of Emblematize in a sentence “The spectacle of the Super Bowl emblematizes the intensity of America’s love of football.” “Singer Lizzo emblematizes a new generation of women who love their bodies in all sizes.” About Emblematize “Emblematize” was coined as a verb after the word “emblematist,” a 17th-century term for a person who drew

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WORD OF THE DAY: Aplomb

[ə-PLAM] Part of speech: noun Origin: French, late 18th century Definition: Self-confidence or assurance, especially when in a demanding situation. Examples of Aplomb in a sentence “The lead actor recovered with such aplomb that the audience forgot he had tripped onstage moments before.” “I think I could pull off that outfit with aplomb.” About Aplomb This word developed to mean “perpendicularity, steadiness” from the French term “à plomb,” or according to a plumb line. Did

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