U.S. Housing Market Updates
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Wendy’s to Close Hundreds of US Restaurants
This is the second time in a year that Wendy’s began closing scores of restaurants. Continue Reading Wendy’s to Close Hundreds of US Restaurants
Mortgage Credit Availability at 3-Year High
“Credit availability in October rose to its highest level since 2022 as investors broadened their loan offerings over the month,” said MBA’s Joel Kan Continue Reading Mortgage Credit Availability at 3-Year High
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
One in Six Home Sellers Dropped Their Asking Price
The typical home that sold in August went for 3.8% less than its original asking price—the steepest discount for that month since 2019. Continue Reading One in Six Home Sellers Dropped Their Asking Price
Mortgage Rates Rise for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.34% as of Oct. 2. Continue Reading Mortgage Rates Rise for Second Straight Week
Report: One in Five Homes Had Price Reductions in September
Properties at the lower- and mid-tier and the South were the most likely to have lowered prices while luxury home prices remained steady. Continue Reading Report: One in Five Homes Had Price Reductions in September
Ground Broken for 576-Unit Multifamily Community in Sacramento
The development is part of the larger Delta Shores master-planned community. Continue Reading Ground Broken for 576-Unit Multifamily Community in Sacramento
Study: Average Q4 Buyer’s Agent Commission Was 2.37%
The average buyer’s agent commission was 2.17% for homes that sold for $1 million or more. Continue Reading Study: Average Q4 Buyer’s Agent Commission Was 2.37%
A Phil Hall Op-Ed: Will Climate Change Erase $1.5 Trillion in Home Values by 2055?
Editor Phil Hall opines about a new report that predicts weather and housing market trends 30 years from now. Continue Reading A Phil Hall Op-Ed: Will Climate Change Erase $1.5 Trillion in Home Values by 2055?
Tennessee Bill Seeks to Limit Contact by Developers Making Unsolicited Calls to Buy Homes
“People who have lived in their homes for decades are now being harassed by out-of-state developers to purchase their property for a quick buck,” said Sen. Charlane Oliver. Continue Reading Tennessee Bill Seeks to Limit Contact by Developers Making Unsolicited Calls to Buy Homes
North Dakota Lawmakers Consider Expanding Homestead Property Tax Credit
Rep. Nels Christianson, the bill’s sponsor, said his legislation provides property tax relief to residents who need it the most. Continue Reading North Dakota Lawmakers Consider Expanding Homestead Property Tax Credit
Study: Homeowners Spend Roughly $24,000 Per Year on Non-Mortgage Housing Expenses
Those in homeowners associations (HOAs) pay an extra $3,077 in annual HOA fees. Continue Reading Study: Homeowners Spend Roughly $24,000 Per Year on Non-Mortgage Housing Expenses
Treasury Secretary Bessent Buys DC Mansion for $12.5 Million
he four-story, 8,000-square-foot residence was built around 1941. Continue Reading Treasury Secretary Bessent Buys DC Mansion for $12.5 Million
Hits and Misses for the Real Estate Week of Jan. 27-31
The unclear future for the CFPB, a Vermont housing shortage and a halt to San Diego housing vouchers. Continue Reading Hits and Misses for the Real Estate Week of Jan. 27-31
Utah Governor’s Housing Aide: Illegal Immigrant Crackdown Could Drive Up Home Prices
Roughly 10% of Utah’s construction workers are believed to be illegal immigrants. Continue Reading Utah Governor’s Housing Aide: Illegal Immigrant Crackdown Could Drive Up Home Prices
Level of Newly Listed Homes Up 37.5% Month-Over-Month
The greatest increases in active listings year-over-year were Denver (+54.8%), Las Vegas (+49.4%), and Tucson (+45.0%). Continue Reading Level of Newly Listed Homes Up 37.5% Month-Over-Month
