The typical American family needs to spend 38% of its household income to make a mortgage payment on a median priced new single-family home, according to the latest quarterly Cost of Housing Index data from the National Association of Home Builders (NAHB). For...
A total of 9,416 homes were sold in Virginia during April, an increase of 1,164 units or 14.1% more than one year earlier, according to data from Virginia Realtors. The growth in sales was powered by a 19.1% year-over-year increase in new listings, the highest upswing...
A total of 1,122 housing units were sold in Delaware last month, up 10% from 1,022 one year earlier, according to new data from the Delaware Association of Realtors. The sales increase was attributed to 17% year-over-year increase in new listings. April’s active...
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $645 on each loan they originated during the first quarter, according to data from the Mortgage Bankers Association (MBA). This represents a decline from the...
Americans consider real estate as their best long-term investment, according to Gallup’s 2024 Economy and Personal Finance survey. In a choice of six investment options, real estate scored highest among the survey’s respondents with a 36% share, followed by stocks or...
The 30-year fixed-rate mortgage dropped below the 7% mark, averaging 6.94% as of May 23, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.57%. “Spring homebuyers received an unexpected...
Hits and Misses for the Real Estate Week of April 27-May 1
