U.S. Housing Market Updates
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Hits and Misses for the Real Estate Week of Jan. 20-24
The unlikely blame for a mansion’s lack of buyers, AREA’s first local chapter and a grim forecast on Los Angeles’ housing market. Continue Reading Hits and Misses for the Real Estate Week of Jan. 20-24
Florida Home Sales Down Nearly 2% in 2024
For December, Florida recorded 20,784 closed sales of single-family homes, up 12.8% from the prior year. Continue Reading Florida Home Sales Down Nearly 2% in 2024
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Existing Home Sales Up in December
First-time buyers were responsible for 31% of sales in December. Continue Reading Existing Home Sales Up in December
California Attorney General Charges Real Estate Agent with Price Gouging Wildfire Victims
The real estate agent was not identified by Bonta’s office, although media reports identified him as Mike Kobeissi of Kobeissi Properties. Continue Reading California Attorney General Charges Real Estate Agent with Price Gouging Wildfire Victims
Wisconsin Home Sales Up 9.2% Year-Over-Year
The median price rose 13% to $305,000, the strongest price appreciation of the year. Continue Reading Wisconsin Home Sales Up 9.2% Year-Over-Year
Mortgage Rates Drop Below 7%
The 30-year fixed-rate mortgage averaged 6.96% as of Jan. 23. Continue Reading Mortgage Rates Drop Below 7%
Home Selling Profits Down in 2024 Despite Price Gains
The median home price increased year-over-year by 4.9% percent in 2024, reaching a new record high of $350,000. Continue Reading Home Selling Profits Down in 2024 Despite Price Gains
Report: Renters Need to Earn $63,680 to Afford a Typical Apartment
Among the nation’s 44 major metros, the Texas capital of Austin was identified by Redfin as the most affordable. Continue Reading Report: Renters Need to Earn $63,680 to Afford a Typical Apartment
Mortgage Application Activity is Dull, Forbearance Levels Drop
“Almost 43% of borrowers in forbearance were there due to a natural disaster,” said MBA’s Marina Walsh. Continue Reading Mortgage Application Activity is Dull, Forbearance Levels Drop
Forecast: Utah’s Population to Grow by Half-Million Over Next 9 Years
A major downside of the new arrivals is the absence of housing to accommodate an expanded population. Continue Reading Forecast: Utah’s Population to Grow by Half-Million Over Next 9 Years
Nashville Man Sentenced to 4 Years for Covid-Era Rental Assistance Fraud
Joe Law Jefferson pled guilty to one count of conspiracy to commit mail fraud and one count of failure to file a tax return last August. Continue Reading Nashville Man Sentenced to 4 Years for Covid-Era Rental Assistance Fraud
NAR Voices Support of Trump’s Executive Order on Housing Affordability and Supply
“The President’s Executive Order underscores the critical need for bold, coordinated action,” said NAR. Continue Reading NAR Voices Support of Trump’s Executive Order on Housing Affordability and Supply
New Data Finds Home Prices Still Rising While Rents Continue to Fall
Realtor.com reported rents declined for the 17th consecutive month during December. Continue Reading New Data Finds Home Prices Still Rising While Rents Continue to Fall
The Casita, Boxabl’s Factory-Built Modular Dwelling, Approved for Sale in Nevada
The Casita is a factory-built dwelling that covers a 361-square-foot layout. Continue Reading The Casita, Boxabl’s Factory-Built Modular Dwelling, Approved for Sale in Nevada
Report: 7% Increase in Down Payment Assistance Programs
Last year concluded with 196 programs offering incentives for specific groups. Continue Reading Report: 7% Increase in Down Payment Assistance Programs
