Mortgage application activity declined during the week ending April 24, according to data from the Mortgage Bankers Association. The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 1.6% on a seasonally adjusted basis from one...
The Departments of Housing and Urban Development (HUD) and Agriculture (USDA) have rescinded a Biden-era policy requiring all new home construction ineligible for an FHA or USDA-backed mortgage loans unless the property was built according to the 2021 International...
Single-family housing starts in March were at a rate of 1.03 million, a 9.7% spike from the revised February figure of 941,000. According to data from the US Census Bureau and the Department of Housing and Urban Development, privately-owned housing starts in March...
Hedge fund executive Ken Griffin announced he is meeting with New York Gov. Kathy Hochul on Thursday after New York City Mayor Zohran Mamdani singled him out while advocating for a new tax on luxury real estate. Reuters reports Griffin, the founder and CEO of Citadel...
Alabama experienced 5,438 homes sales in March, which is 435 more than in February (an 8.25% rise) but a decrease from the 776 sales in the same period one year ago (a 12.5%. drop). According to data from the Alabama Association of Realtors, March had a 5.3-month...
Two new data reports showed home price acceleration weakening across the country during February. The S&P Cotality Case-Shiller US National Home Price NSA Index posted a 0.7% annual gain for February, down from a 0.8% rise in the previous month. More than half of...
