U.S. Housing Market Updates
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Report: More Californians Can Afford to Buy a Home
The statewide median price of existing single-family homes in California fell by 2% from the second quarter to the third quarter. Continue Reading Report: More Californians Can Afford to Buy a Home
Mortgage Rates Inch Up Again
The 30-year fixed-rate mortgage averaged 6.22% as of Nov. 6. Continue Reading Mortgage Rates Inch Up Again
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Starter Home Sales and Prices Outpace Other Housing Sectors
August’s price data marked the 12th consecutive month for starter home price increases, outpacing other price tiers Continue Reading Starter Home Sales and Prices Outpace Other Housing Sectors
New Joint Venture to Create Luxury Resort and Residences at Telluride
The Four Seasons Resort and Residences Telluride will also feature two culinary outlets, a fitness facility and a spa with a thermal lounge, cold plunge, and eight treatment rooms. Continue Reading New Joint Venture to Create Luxury Resort and Residences at Telluride
Some Cook County Homeowners Could Receive $1,000 Grants for Property Tax Relief
Grants will be distributed on a lottery system with recipients receiving a one-time $1,000 payment. Continue Reading Some Cook County Homeowners Could Receive $1,000 Grants for Property Tax Relief
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
Richmond American Homes Completes Purchase of Florida Property for New Community
The financial aspects of the site purchase were not disclosed. Continue Reading Richmond American Homes Completes Purchase of Florida Property for New Community
