U.S. Housing Market Updates
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Report: Sales of Newly Built Homes at 4-Year Low
“Builders are hesitant to start new projects because in today’s buyer’s market, it doesn’t make financial sense,” said Jesse Landin, a Redfin Premier agent in San Antonio. Continue Reading Report: Sales of Newly Built Homes at 4-Year Low
Mortgage Application Activity Rebounds After 4 Weeks in Decline
The Refinance Index increased by 9% and was also 111% higher than the same week one year ago. Continue Reading Mortgage Application Activity Rebounds After 4 Weeks in Decline
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Linkhome Holdings Unveils Platform for Purchasing Real Estate with Cryptocurrency
Investors and homebuyers can use cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC) to complete property transactions on Linkhome’s AI-driven platform. Continue Reading Linkhome Holdings Unveils Platform for Purchasing Real Estate with Cryptocurrency
Hits and Misses for the Real Estate Week of Sept. 8-12
Trump administration officials acting strangely, a bill to protect Ohio seniors from foreclosure, and a nation experiencing its fifth blackout in a year. Continue Reading Hits and Misses for the Real Estate Week of Sept. 8-12
MBA Chief Argues Against Fannie-Freddie Merger
“Competition between Fannie Mae and Freddie Mac has been central to their success in providing liquidity and stability to the mortgage market,” Broeksmit explained. Continue Reading MBA Chief Argues Against Fannie-Freddie Merger
CMBS Delinquency Rate Rises to Nearly 6%
Last month’s spike was primarily fueled entirely by the office sector. Continue Reading CMBS Delinquency Rate Rises to Nearly 6%
Former Home of Gambino Crime Family Boss Listed for $18 Million
The property last changed hands in 2000 for $3.1 million. Continue Reading Former Home of Gambino Crime Family Boss Listed for $18 Million
Newly Built Homes Account for 28% of Q3 Single-Family Home Sales
The record high for newly built single-family homes for sale was 34.4% set the start of 2022. Continue Reading Newly Built Homes Account for 28% of Q3 Single-Family Home Sales
New Fund Focuses on BTR Communities in Opportunity Zones
“This tax-advantaged real estate fund is targeting strong risk-adjusted returns,” said Jeff Feinstein, managing partner at Pinnacle Partners. Continue Reading New Fund Focuses on BTR Communities in Opportunity Zones
Cape Cod Estate Adjacent to the Kennedy Compound Listed for Nearly $20 Million
The estate known as Port View was built in 1914. Continue Reading Cape Cod Estate Adjacent to the Kennedy Compound Listed for Nearly $20 Million
Mortgage Rates Up for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.72% as of Oct. 31. Continue Reading Mortgage Rates Up for Fifth Straight Week
Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change
Buyer’s agent commissions for homes listed under $500,000 inched up from an average of 2.41% in August to 2.43% in October. Continue Reading Redfin: Buyer’s Agent Commissions Mostly Unaffected Since NAR Rule Change
Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Mortgage rates were at a historic low of 2.65% in 2021 before soaring to decade-long highs of 7.79% in the fall of 2023. Continue Reading Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Zombie Foreclosures Down 20% from Last Year
The number of zombie properties has gone up quarterly in 30 states. Continue Reading Zombie Foreclosures Down 20% from Last Year
California Realtors Report More Canceled Sales Due to Insurance Challenges
Furthermore, 21% of realtor respondents said they had clients who are using the FAIR Plan Continue Reading California Realtors Report More Canceled Sales Due to Insurance Challenges
