U.S. Housing Market Updates
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National Vacancy and Zombie Foreclosure Rates Decline
The number of zombie properties rose quarter-over-quarter in 21 states and the District of Columbia. Continue Reading National Vacancy and Zombie Foreclosure Rates Decline
Median Monthly Housing Payment in Biggest Decline Since Last November
Redfin attributed the lower payment level to declining mortgage rates. Continue Reading Median Monthly Housing Payment in Biggest Decline Since Last November
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Nebraska Gov. Pillen Announces $20 Million in Property Tax Relief
“As governor, fixing our broken property tax system is my top priority,” said Pillen. Continue Reading Nebraska Gov. Pillen Announces $20 Million in Property Tax Relief
Refinancing Action Fuels 30% Surge in Mortgage Application Activity
The Refinance Index ascended by 58% from the previous week and was 70% higher than the same week one year ago. Continue Reading Refinancing Action Fuels 30% Surge in Mortgage Application Activity
Single-Family Housing Starts Down by 7%
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1.30 million, an 8.5% decline from the revised July estimate of 1.42 million. Continue Reading Single-Family Housing Starts Down by 7%
Builder Confidence Up for Third Straight Month
31% of builders cut home prices in November, with an average price reduction at 5%. Continue Reading Builder Confidence Up for Third Straight Month
Survey: Most People Earning Under $50,000 Struggle to Afford Housing
10% of Gen Zers have delayed or decided against having a child due to housing costs. Continue Reading Survey: Most People Earning Under $50,000 Struggle to Afford Housing
Hits and Misses for the Real Estate Week of Nov. 11-15
Alternatives to Chicago property taxes, a mega-million condo sale loss and a proposal to bend the Manhattan skyline are part of this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of Nov. 11-15
Redfin CEO to Trump: We Need More Homes Now!
Kelman credited Trump’s return to the White House to younger Americans who were unhappy with the current housing market. Continue Reading Redfin CEO to Trump: We Need More Homes Now!
RE/MAX: Home Sales Jumped in October
October’s median sale price of $430,000 marked a mild 0.3% uptick from September. Continue Reading RE/MAX: Home Sales Jumped in October
myCUmortgage in New Partnerships with Six Credit Unions
The combined partnerships represent 139,349 credit union members and $2.52 billion in assets. Continue Reading myCUmortgage in New Partnerships with Six Credit Unions
NYC Council OKs Bill Shifting Broker Fee Payments from Tenants to Landlords
The Real Estate Board of New York came out against the bill. Continue Reading NYC Council OKs Bill Shifting Broker Fee Payments from Tenants to Landlords
Jason Momoa Warns He is Not Involved with a Hawaiian Real Estate Investment Scheme
The “Aquaman” star stepped forward to state his name and image were hijacked. Continue Reading Jason Momoa Warns He is Not Involved with a Hawaiian Real Estate Investment Scheme
Mortgage Application Activity in Mild Uptick
The seasonally adjusted Purchase Index increased 2% from one week earlier, but the unadjusted index decreased 2%. Continue Reading Mortgage Application Activity in Mild Uptick
Expanded Listings Helps Fuel Indiana Home Sales
The state’s median sale price fell from $260,000 in September to $258,000 in October. Continue Reading Expanded Listings Helps Fuel Indiana Home Sales
