U.S. Housing Market Updates
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Q3 Home Sales Profits Near 50% Margin
The median national sales price in the third quarter was $370,000. Continue Reading Q3 Home Sales Profits Near 50% Margin
NYC Median Rent Up 5.4% from Last Year
Smaller apartments recorded the greatest rent gains with a 6.0% year-over-year spike to $3,581, Continue Reading NYC Median Rent Up 5.4% from Last Year
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Existing Home Sales Up 2%
The $422,400 median existing-home price for all housing types last month was up by 0.2% from the $421,400 price set one year ago, Continue Reading Existing Home Sales Up 2%
15% of Home Purchase Agreements Fell Through in July
San Antonio led the nation with 730 aborted home-purchase agreements in July, equal to 22.7% of homes that went under contract last month. Continue Reading 15% of Home Purchase Agreements Fell Through in July
Zombie Properties on the Rise
“Vacant and zombie homes can hurt the value of surrounding properties and start a negative spiral in a local housing market,” said Rob Barber, CEO of ATTOM. Continue Reading Zombie Properties on the Rise
Nearly 90% of Metro Areas Recorded Q2 Home Price Gains
On the flip side, nearly 10% of markets experienced home price declines in the second quarter. Continue Reading Nearly 90% of Metro Areas Recorded Q2 Home Price Gains
California Bill Would Mandate Time Limit on Homebuyer Agent Contracts
Currently, 19 states require buyer representation agreements. Continue Reading California Bill Would Mandate Time Limit on Homebuyer Agent Contracts
A Phil Hall Op-Ed: Why Did the CFPB Slam the Residential Solar Lender Sector?
Alas, the concept of one-size-fits-all doesn’t fit when it comes to solar energy. Continue Reading A Phil Hall Op-Ed: Why Did the CFPB Slam the Residential Solar Lender Sector?
New Listing Activity Percolates Across Mid-Atlantic Region
Philadelphia’s number of active listings at the end of July was up 17.9% from last year. Continue Reading New Listing Activity Percolates Across Mid-Atlantic Region
Study: Most Homebuyers Find Properties That Fit Their Size Needs
NAHB Senior Economist Paul Emrath noted that “one-third of existing homes in the US. have less than 1,500 square feet of floor space.” Continue Reading Study: Most Homebuyers Find Properties That Fit Their Size Needs
Study: One-Third of Property Managers Offer Concessions on Rental Housing
The new percentage is up significantly from July 2022 when the offering of at least one concession was at a 29-month low at 19.4%. Continue Reading Study: One-Third of Property Managers Offer Concessions on Rental Housing
New Study Names Massachusetts as the Best State to Live In
Louisiana ranked 50th on the list. Continue Reading New Study Names Massachusetts as the Best State to Live In
$35 Million Listing Breaks Illinois Record
The residence last changed hands in 2002 for $9.5 million. Continue Reading $35 Million Listing Breaks Illinois Record
Rising Interest Rates Blamed for Multifamily Developer Confidence Declines in Q2
NAHB Chief Economist Robert Dietz opined that “financial markets may become more stable later in the year.” Continue Reading Rising Interest Rates Blamed for Multifamily Developer Confidence Declines in Q2
Mortgage Credit Availability at 9-Month High
MBA’s Joel Kan attributed the rise to “increased conventional loan offerings such as ARMs and cash-out refinance loans.” Continue Reading Mortgage Credit Availability at 9-Month High
