Mortgage application activity slowed during the week ending March 27 amid a steep decline in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, fell by 10.4% on...
The Georgia Senate has passed a bill that will reduce homeowner property taxes by creating a new sales tax. WABE reports the Senate’s measure was amended on House Bill 1116, which proposed a cap on property tax valuation increases. The Senate’s proposal creates...
Apartment rents inched up slightly in March with the national average rising to $1,723, a 0.2% uptick from February’s upwardly revised level of $1,719. According to Apartments.com, an online marketplace of CoStar Group (NASDAQ: CSGP), February marked the fourth...
A Phil Hall Op-Ed: Last week, the National Association of Home Builders (NAHB) number-crunched data from the American Community Survey and came up with a remarkable result: Roughly half of the nation’s housing stock was built in the 1980s and earlier, with slightly...
Two new data reports tracking January’s housing market found home prices are continuing to rise, albeit at a much slower pace. The S&P Cotality Case-Shiller US National Home Price NSA Index reported a 0.9% annual gain in January, down from a 1.1% rise in the...
Lennar Corp. (NYSE: LEN) announced the debut of three townhome communities in the Fort Myers and Cape Coral markets in Southwest Florida. The communities are Palmetta Pines Townhomes in Northeast Cape Coral, Cielo Mar Townhomes in North Fort Myers, and Orange River...
