U.S. single-family home prices slowed further in September as higher mortgage rates eroded demand, closely watched surveys showed on Tuesday.
The S&P CoreLogic Case Shiller national home price index dropped 0.8% month-over-month in September. Monthly house prices fell in July for the first time since late 2018.
House prices rose 10.6% year-on-year in September, slowing from August’s increase of 12.9%.
The FHA share of total applications decreased to 19.3% from 19.5% the week prior. Continue Reading Mortgage Application Activity Drops by 0.8%
“I will help lead an effort to pass a citizen constitutional amendment that bans ad valorem taxes on real estate levied by any level of government,” said Rep. Ryan Chamberlin. Continue Reading Florida Lawmaker Leads Petition Drive to Abolish Property Taxes
“NAR’s committees help shape the work of our association and the future of our industry,” said President Kevin Brown. Continue Reading NAR Unveils ‘Expertise-Driven Application Process’ for 2027 Governance Committees
The survey noted that nearly half (46%) of Canadians believe homeownership is becoming increasingly difficult to achieve. Continue Reading Survey: Most Canadian Homeowners Have No Plans to Move
CoStar Group noted that current construction volumes are near levels last seen in the early stages of the post-pandemic recovery. Continue Reading Q1 Retail Construction Activity Down Year-Over-Year
The Bears previously rejected the Bronzeville site due to its “very narrow” parameters and the presence of active rail lines. Continue Reading Report: Chicago Mayor Johnson Revives Plan to Keep the Bears from Leaving the City
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