Mortgage application activity slowed dramatically during the week ending Sept. 26, according to data from the Mortgage Bankers Association. The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 12.7% on a seasonally adjusted...
The National Association of Realtors (NAR) has warned that a prolonged shutdown of the federal government will imperil the National Flood Insurance Program (NFIP). NAR noted that the shutdown has resulted in the halting of NFIP’s authority to issue new policies, which...
The typical starter home sold for a record $260,508 in August, a 2.2% year-over-year increase, according to new data from Redfin. In comparison, mid- and high-price home prices grew 1.4% and 2.7% over the same period, respectively, to near-record highs of $370,000 and...
The hospitality and branded residential company Four Seasons have teamed with developers Fort Partners and Merrimac Ventures to announce the creation of the Four Seasons Resort and Residences Telluride at the Colorado resort. The new project will consist of three...
A new program will distribute one-time $1,000 grants to eligible homeowners in Illinois’ Cook County who received significant property tax hikes. WTTW reports a new $15 million homeowner relief fund program has been set up to assist homeowners that experienced a...
Two new data reports have affirmed home price acceleration is continuing to slow down. The S&P Cotality Case-Shiller US National Home Price NSA Index reported a 1.7% annual gain for July, down from a 1.9% rise in June for the slowest acceleration in two years. The...
