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Mortgage Application Activity Remains Mostly Flat
“The government purchase index, which includes FHA, VA, and USDA applications, increased 9 percent and had the strongest week since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Remains Mostly Flat
Mortgage Application Activity Remains Mostly Flat
“The government purchase index, which includes FHA, VA, and USDA applications, increased 9 percent and had the strongest week since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Remains Mostly Flat
Gov. DeSantis Hints at Special Legislative Session Aimed at Property Tax Relief
Florida Gov. Ron DeSantis has raised the idea of calling a special legislative session that would focus on cutting property taxes. WLRN.org reports that legislators are currently weighing ideas on relieving the state’s property tax burden, which would be voted on...
FHFA Withdraws Three Biden-Era Proposed Rules
The Federal Housing Finance Agency (FHFA) has withdrawn three proposed rules put forth during the Biden administration relating to the government-sponsored enterprises and the Federal Home Loan Banks (FHLBanks). The withdrawals involve a 2021 proposed rule that would...
One in Six Home Sellers Dropped Their Asking Price
One of every six (16.7%) home sellers dropped their asking price in August, up from 15.9% one year earlier. According to data from Redfin, this marked the highest share for August in records dating back to 2012. The typical home that sold in August went for 3.8% less...
NEWS & CURRENT EVENTS
Black Homeownership Rate Drops to 4-Year Low
The homeownership rate decline occurred as the Black unemployment rate reached 7.2% as of July, up from 6.3% one year before and the highest level since October 2021. Continue Reading Black Homeownership Rate Drops to 4-Year Low
Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
The legislation creates $50 million per year in grants for communities that adopt policies removing barriers to affordable housing on property owned by faith-based organizations or colleges. Continue Reading Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
Report: Bill Pulte’s Father and Stepmother Claimed Primary Residence on 2 Different Homes
Tax officials in Bloomfield Township, Michigan, said the Pultes’ exemption was being immediately revoked. Continue Reading Report: Bill Pulte’s Father and Stepmother Claimed Primary Residence on 2 Different Homes
California Construction Firm CEO Arrested on Loan Fraud Charges
If convicted, Joey Wayne Mackey faces a maximum statutory penalty of 30 years in prison and a $1 million fine. Continue Reading California Construction Firm CEO Arrested on Loan Fraud Charges
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WEEKLY REAL ESTATE NEWS EXCLUSIVE ARTICLES
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Avanti Residential Unveils LIHTC-Focused Affiliate
The new Tampa-based affiliate will initially focus on high-growth metropolitan markets. Continue Reading Avanti Residential Unveils LIHTC-Focused Affiliate
Toronto Home Sales and Prices in Decline
The average selling price at $1.09 million represented a 2% decline from one year earlier. Continue Reading Toronto Home Sales and Prices in Decline
Private Connecticut Island Relisted at Discount
Burr Island is part of the Thimble Islands, an archipelago of 365 small islands in Stony Creek Harbor off the central Connecticut coast. Continue Reading Private Connecticut Island Relisted at Discount
M&G Promotes Martin Towns to Global Head of Real Estate
He will replace Tony Brown, who is retiring after a 35-year career and relocating to Australia. Continue Reading M&G Promotes Martin Towns to Global Head of Real Estate
National Public Housing Museum to Open in Chicago
The museum is based in the last remaining building in the Jane Addams Homes, one of Chicago’s oldest federal housing projects. Continue Reading National Public Housing Museum to Open in Chicago
Tara Brown Named CEO at Peerage Realty Partners
She replaces Gavin Swartzman, who retired as CEO on March 31. Continue Reading Tara Brown Named CEO at Peerage Realty Partners
Survey: Only 21% of Agents Would Recommend a Career in Real Estate
More than one-third of women reported they encountered sexism in the industry. Continue Reading Survey: Only 21% of Agents Would Recommend a Career in Real Estate
Newberry Homes Enters Orlando Market with Six-Home Community
Construction on the new homes is scheduled to be completed in 2026. Continue Reading Newberry Homes Enters Orlando Market with Six-Home Community
RealPage Sues Berkeley Over Ban on Rent Pricing Software
The company said the ban was unconstitutional. Continue Reading RealPage Sues Berkeley Over Ban on Rent Pricing Software
Lennar to Build 1,500 Colorado Homes with Geothermal Systems
The endeavor will take advantage of Colorado’s state tax credit for geothermal heat pumps. Continue Reading Lennar to Build 1,500 Colorado Homes with Geothermal Systems
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