Single‐family housing starts in July were at a rate of 983,000, according to data from the U.S. Census Bureau and U.S. Department of Housing and Urban Development. July’s level was 6.7% above the revised June figure of 921,000. Privately‐owned housing starts in July...
The Realtors Relief Foundation (RRF) has made available $1.5 million in disaster relief aid to Hawaii Realtors in support of the Realtors Association of Maui following the wildfires that destroyed communities on Maui. The funds will be made available to the public to...
After seven consecutive months of rising optimism, builder confidence dropped in August as mortgage rates neared the 7% mark. The National Association of Home Builders (NAHB)/Wells Fargo (NYSE:WFC) Housing Market Index (HMI) saw builder confidence in the market for...
Mortgage applications for new home purchases in July increased by 35.5% year-over-year, according to new data from the Mortgage Bankers Association (MBA). Compared to June, applications inched up by 0.2%. MBA estimated new single-family home sales were running at a...
The average American teacher can only afford 12% of the homes for sale within commuting distance of their school, according to a new data study from Redfin (NASDAQ:RDFN). The new data is down from 17% in the summer of 2022 and down 30% from pre-pandemic 2019. And the...
A Washington D.C., jury ruled in favor of stockholders who disputed the federal government’s handling of Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) during the 2008 financial crisis. The jury ruled that the Federal Housing Finance Agency (FHFA) acted...
Hits and Misses for the Real Estate Week of May 11-15
