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Low-tax states are winning the real estate battle
Source: Housing Wire --- For every one person who left low-tax states in the last eight years, an average of four people moved into those same states, according to a new report from Redfin. The trend is reversed in high-tax states, where an average of 2.5 people...
April housing starts disappoint as material costs hinder builders
Source: Scotsman Guide --- Residential construction in April dropped 9.5% monthly to a seasonally adjusted annual rate of 1.57 million units, according to the latest numbers from the U.S. Census Bureau and Department of Housing and Urban Development. That pace is...
Home-Builder Confidence Remains Strong, but Buyers Should Expect Rising Prices
Source: Realtor . com --- The numbers: Despite a multitude of factors making construction more challenging, home builders remained confident in the state of the housing market, according to an industry trade group. The National Association of Home Builders’ monthly...
Construction on New Homes Retreats as Builders Grapple With Supply-Chain Headaches
Source:Realtor . Com --- The numbers: Construction of new homes slowed considerably as builders contend with shortages of labor and building materials, but the demand for housing remains elevated for now. U.S. home builders started construction on homes at a...
Major housing program to expand to $15 billion
Source: MPA --- Bank of America Corp. is expanding a mortgage program for low- to moderate-income homebuyers in an effort to address racial wealth gaps. The lender, working with the non-profit Neighborhood Assistance Corp. of America, set a goal of providing $15...
Big name to leave JPMorgan
Source: MPA --- JPMorgan Chase & Co. elevated Marianne Lake and Jennifer Piepszak to co-heads of consumer and community banking, placing them a step closer to potentially succeeding Jamie Dimon as chief executive officer of the nation’s largest bank. The...
