Federal Housing Finance Agency (FHFA) Director Bill Pulte has unveiled a video advertisement that reinforces the goal of merging privatizing Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) into a new entity called the Great American Mortgage Corporation. On his...
California recorded a total of 261,820 closed escrow sales of existing single-family detached homes in July, down 1% from the 264,400 homes sold in June and was down 4.1% from the 272,990 homes sold in July 2024. According to the California Association of Realtors...
Single-family housing starts in July were at a rate of 939,000, according to data from the US Census Bureau. Last month’s level is 2.8% above the revised June figure of 913,000. Privately-owned housing starts in July were at a seasonally adjusted annual rate of 1.42...
According to a report this morning in Weekly Real Estate News, the city of Ivins, Utah, approved a stunning 34% property tax increase for local homeowners. For a community already wrestling with the rising costs of housing, inflation at the grocery store, and energy...
Home builders continued to express minimal optimism in the market for newly built single-family homes, according to the latest National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), which registered a 32 level in August, down one point...
A pair of new data reports published today are highlighting a growing imbalance across the housing market. A report from the Rocket Companies (NYSE: RKT) division Redfin discovered a considerable slowing the pace of home sales – during July, the typical home that went...
