U.S. Housing Market Updates
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New Home Purchase Mortgage Applications Up 2% in September
The average loan size for new homes increased from $374,288 in August to $379,107 in September. Continue Reading New Home Purchase Mortgage Applications Up 2% in September
Who Wants to Buy a Haunted House? You Might Be Surprised!
Two-thirds of survey respondents believe it is the government’s job to require sales disclosures that house is haunted. Continue Reading Who Wants to Buy a Haunted House? You Might Be Surprised!
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Single-Family Built-for-Rent Construction Down in Q2
Approximately 12,000 SFBFRs were started, down from 25,000 starts in the second quarter of 2024. Continue Reading Single-Family Built-for-Rent Construction Down in Q2
REMAX: Homes Sales Steady, But Taking Longer to Sell
The median sales price in July was $450,000, down 1.1% from June. Continue Reading REMAX: Homes Sales Steady, But Taking Longer to Sell
New Joint Venture to Develop Charlotte-Area Townhome Rental Community
The project is expected to be completed by August 2027. Continue Reading New Joint Venture to Develop Charlotte-Area Townhome Rental Community
Toll Brothers Opens Luxury Apartment Community in Dallas Suburb
The new community features 357 studio, one-, and two-bedroom apartments. Continue Reading Toll Brothers Opens Luxury Apartment Community in Dallas Suburb
Mortgage Rates Plunge to Lowest Level in Over a Year
The 30-year fixed-rate mortgage averaged 6.47% as of Aug. 8. Continue Reading Mortgage Rates Plunge to Lowest Level in Over a Year
Report: Total US Home Value at $49.6 Trillion Record High
Cape Coral, Florida, was the only major metro with a year-over-year decline in total home value. Continue Reading Report: Total US Home Value at $49.6 Trillion Record High
Fannie Mae: Only 17% Believe Now is a Good Time for Homebuying
The percentage of respondents who said home prices will go up in the next 12 months decreased from 45% to 41%. Continue Reading Fannie Mae: Only 17% Believe Now is a Good Time for Homebuying
Home Sales and Prices Rise in Las Vegas
During July, Las Vegas Realtors found that 25.1% of all local property sales were cash transactions. Continue Reading Home Sales and Prices Rise in Las Vegas
Mortgage Application Activity Up by 7%
The adjustable-rate mortgage share of activity increased to 6.3% of total applications. Continue Reading Mortgage Application Activity Up by 7%
NY Fed: Q2 Mortgage Debt Reached $12.52 Trillion
Early delinquency transition rates for mortgages increased by 0.1 percentage point. Continue Reading NY Fed: Q2 Mortgage Debt Reached $12.52 Trillion
Report: Denver Needs More than 500,000 Housing Units by 2050
The report also highlighted the need for new housing to be in proximity to public transportation. Continue Reading Report: Denver Needs More than 500,000 Housing Units by 2050
Home Price Growth Continues to Cool
CoreLogic is forecasting the rate of growth to decrease by more than half of its current rate. Continue Reading Home Price Growth Continues to Cool
Have Homebuyers Discovered Columbus?
Columbus, Ohio, where the median home price was $309,000, topped the new list of the “Most Popular Markets People Are Moving To.” Continue Reading Have Homebuyers Discovered Columbus?
