U.S. Housing Market Updates
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Connecticut GOP Leaders Propose Historic Expansion of Property Tax Credits
Gov. Ned Lamont has yet to comment on the GOP proposal. Continue Reading Connecticut GOP Leaders Propose Historic Expansion of Property Tax Credits
Report: 15% of Home Purchase Agreements Canceled in September
San Francisco, New York’s Nassau County (Long Island) and San Jose had the lowest shares of contract cancellations in September, under 7% each. Continue Reading Report: 15% of Home Purchase Agreements Canceled in September
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
HUD Cracks Down on Illegal Immigrants in Public Housing
“HUD will leverage all available enforcement actions against entities who do not comply with the request for citizenship information,” said Secretary Scott Turner. Continue Reading HUD Cracks Down on Illegal Immigrants in Public Housing
Hits and Misses for the Real Estate Week of Aug. 25-29
A fight over the Fed, an upcoming exodus of Canadians returning going home, and a growing wave of property tax reform efforts. Continue Reading Hits and Misses for the Real Estate Week of Aug. 25-29
Las Vegas Housing Inventory Up 31% from Last Year
The typical Las Vegas home sold for $445,000 last month, down 1% from July 2024. Continue Reading Las Vegas Housing Inventory Up 31% from Last Year
Florida Home Sales and Prices in Decline
New listings of single-family homes in August were up by 2.3% compared to a year ago. Continue Reading Florida Home Sales and Prices in Decline
Homes Sales Up While Inventory Shrinks in New York State
The median sales price of homes in New York rose from $410,000 in August 2023 to $444,713 last month. Continue Reading Homes Sales Up While Inventory Shrinks in New York State
Mortgage Rates Continue to Slide
The 30-year fixed-rate mortgage averaged 6.09% as of Sept. 19, down from last week when it averaged 6.20%. Continue Reading Mortgage Rates Continue to Slide
Existing Home Sales Down 2.5%
First-time buyers were responsible for 26% of sales in August, matching the all-time low last seen in November 2021. Continue Reading Existing Home Sales Down 2.5%
Georgia-Pacific Plans to Transform Atlanta HQ Building into Mixed-Use Development
The proposed development will include more than 400 apartment units on the tower’s uppermost floors. Continue Reading Georgia-Pacific Plans to Transform Atlanta HQ Building into Mixed-Use Development
Home Flipping Activity Down in Q2
The second quarter’s total is down by 8.7% in the first quarter and down by 7.9% in the second quarter of 2023. Continue Reading Home Flipping Activity Down in Q2
AOC Calls for New Federal Entity to Build and Sell ‘Social Housing’
The Homes Act is Ocasio-Cortez’s second housing bill introduced this year. Continue Reading AOC Calls for New Federal Entity to Build and Sell ‘Social Housing’
Greystar to Open New Build-for-Rent Community in Georgia
Summerwell Bells Ferry consists of 137 townhomes and 16 detached single-family rental homes. Continue Reading Greystar to Open New Build-for-Rent Community in Georgia
Michael Jordan Sells Chicago Mansion After 12 Years on the Market
The property was first listed for $29 million in 2012. Continue Reading Michael Jordan Sells Chicago Mansion After 12 Years on the Market
Mortgage Application Activity Up 14.2%
The MBA also reported mortgage applications for new home purchases in August were up 4.4% year-over-year. Continue Reading Mortgage Application Activity Up 14.2%
