Nearly 100 mayors of Minnesota localities have signed a letter criticizing state legislators for spending at reckless levels that forced their cities to raise property taxes. KNSI reports the mayors expressed outrage to legislators and Gov. Tim Walz that the...
A total of 7,492 closed sales were recorded in Virginia during November, representing 361 fewer than in November 2024 for a nearly 5% decline. According to data from Virginia Realtors, sales also fell 16.8% from October. At the end of November, there were 22,978...
The Federal Housing Finance Agency (FHFA) released its Enterprise Housing Goals Final Rule for 2026-2028, with lower single‑family low-income benchmarks and unchanged multifamily targets. Under the new Final Rule, Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC)...
The number of past-due mortgages rose by 275,000 from October to 2.3 million in November, raising the national delinquency rate to 3.85% — the highest level in over four years. According to a new data report from ICE Mortgage Technology, a division of Intercontinental...
Bank of America (NYSE: BAC) has allocated $10 million in zero-interest loans to Community Development Financial Institutions (CDFI) for ongoing housing, nonprofit facilities, and small business assistance to the victims of last January’s wildfires in Los Angeles...
A total of 1,160 homes were sold in Maine during November, a slight decline from the 1,312 homes sold during November 2024. According to the Maine Association of Realtors, the state reported a median sales price of $399,000 for single-family existing homes sold in...
