Real Estate News & Insights
New Jersey Home Sales Slump While Prices Keep Rising
The median sale price on a single-family home increased by 4.4% to $590,000. Continue Reading New Jersey Home Sales Slump While Prices Keep Rising
$15 Million Allocated for Virginia Workforce Housing Investment Program
The new funding will be used to support middle-income housing development in 14 localities. Continue Reading $15 Million Allocated for Virginia Workforce Housing Investment Program
Ameris Bank Debuts Borrower Assistance Program in Jacksonville
The program follows Ameris Bank’s $9 million settlement last October with the U.S. Department of Justice to resolve redlining allegations. Continue Reading Ameris Bank Debuts Borrower Assistance Program in Jacksonville
Builder Confidence Up by 7 Points
Many builders continue to reduce home prices to boost sales. Continue Reading Builder Confidence Up by 7 Points
Mortgage Applications for New Home Purchases Up 22.2%
The average loan size for new homes increased from $390,049 in November to $405,368 in December. Continue Reading Mortgage Applications for New Home Purchases Up 22.2%
Existing Home Sales Were Down for December
The median existing home price for all housing types in December was $382,600, a year-over-year increase of 4.4%. Continue Reading Existing Home Sales Were Down for December
And Yet Another Real Estate Commission Lawsuit is Filed, Now in Los Angeles
The California Association of Realtors stated the “allegations are without merit for many reasons.” Continue Reading And Yet Another Real Estate Commission Lawsuit is Filed, Now in Los Angeles
FTC Shuts Down Real Estate Scam Targeting Spanish-Speaking Consumers
The orders contain a total monetary judgment of $29 million, Continue Reading FTC Shuts Down Real Estate Scam Targeting Spanish-Speaking Consumers
Atlanta Fed Chief: Rate Cuts Could Begin in Q3 or Earlier
“In such an unpredictable environment, it would be unwise to lock in an emphatic approach to monetary policy,” Bostic said. Continue Reading Atlanta Fed Chief: Rate Cuts Could Begin in Q3 or Earlier
Mortgage Rates Drop to 8-Month Low
The 30-year fixed-rate mortgage averaged 6.60% as of Jan. 18. Continue Reading Mortgage Rates Drop to 8-Month Low
Study: Renting is More Affordable Than Homeownership in Nearly 90% of Local Markets
Among the 64 markets where median three-bedroom rents require less than one-third of average local wages, 59 are in the Midwest and South. Continue Reading Study: Renting is More Affordable Than Homeownership in Nearly 90% of Local Markets
Housing Starts Down for December
This is down by 8.6% from the revised November figure of 1.12 million. Continue Reading Housing Starts Down for December
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