California Gov. Gavin Newsom issued an executive order designed to limit the construction of high-density housing in the Los Angeles County areas impacted by the recent wildfires. The order dilutes Senate Bill 9 (SB 9), which was signed into law four years ago to...
A pair of new data reports showed a slight decline in mortgage rates and a slight uptick in homebuyer affordability. The 30-year fixed-rate mortgage averaged 6.72% as of July 31, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC)....
Tri Pointe Homes Inc. (NYSE: TPH) has opened its first Utah community with Polaris at Terraine in West Jordan. The new community will begin sales on Aug. 2 with an initial 32 single-family homes up to 3,400 square feet (including finished basements), featuring three...
The nationwide share of mortgaged residences considered equity rich rose to 47.4% during the second quarter, up from 46.2% in the first quarter. A new data report from ATTOM determined the second quarter results reversed a trend where the share of equity-rich homes...
Pending home sales in June were down by 0.8% from the prior month and were also down 2.8% year-over-year, according to the National Association of Realtors (NAR). Month-over-month and year-over-year pending sales declined in the Midwest, South, and West. The Northeast...
Fewer prospective homebuyers were filling out mortgage applications during the week ending July 25, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 3.8% on a...
