U.S. Housing Market Updates
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Mortgage Application Activity Slows Again
The FHA share of total applications increased to 20.5% from 18.5% the week prior while the VA share of total applications dropped to 14.9% from 16.3%. Continue Reading Mortgage Application Activity Slows Again
William Holden’s Palm Springs Estate Listed for $11 Million
The property, which was listed as a historic site by the City of Palm Springs in 2018, last sold in 2017 for $3.4 million. Continue Reading William Holden’s Palm Springs Estate Listed for $11 Million
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Kentucky Home Sales Up During July
July’s median sales price of $279,900 marked a 1.81% decline from June, but it was also 5.6% higher than July 2024’s price. Continue Reading Kentucky Home Sales Up During July
America’s Most Expensive ZIP Code Is…
The top ranked Fisher Island section of Miami Beach’s $11.9 million median listing price is more than 27 times the national median. Continue Reading America’s Most Expensive ZIP Code Is…
FHFA’s Pulte Debuts New Ad for ‘Great American Mortgage Corporation’
The advertisement touts President Trump as a leader “who stands by us and the basic principle that all Americans deserve to dream and dream big.” Continue Reading FHFA’s Pulte Debuts New Ad for ‘Great American Mortgage Corporation’
Guest Opinion: How to Improve Housing Affordability and Drive New Supply
James H. Schloemer, chairman of the National Multifamily Housing Council, offers his insight on addressing the challenges facing the housing supply. Continue Reading Guest Opinion: How to Improve Housing Affordability and Drive New Supply
Trump Offers Solution to Homeownership Affordability Challenges: ‘Vote for Trump’
Trump warned Biden’s rent cap proposal would “end up in a Depression like in 1929.” Continue Reading Trump Offers Solution to Homeownership Affordability Challenges: ‘Vote for Trump’
June’s Pending Home Sales Up From May
All four regions posted monthly gains in transactions. Continue Reading June’s Pending Home Sales Up From May
Luxury Home Growth Outpaces Typical Home Appreciation
The typical luxury home is currently worth about $1.62 million. Continue Reading Luxury Home Growth Outpaces Typical Home Appreciation
Mortgage Application Activity Slows Down
Among the federal programs, the FHA share of total applications increased to 14.2% from 13.4% the week prior. Continue Reading Mortgage Application Activity Slows Down
NAR Publishes New Resources for Post-Settlement Home Sale Transactions
Included are fact sheets on how what homebuyers and home sellers should expect after the settlement goes into effect. Continue Reading NAR Publishes New Resources for Post-Settlement Home Sale Transactions
NYC Mayor Decries ‘Jim Crowism’ Opposition to Affordable Housing
“This is not the Deep South of 1950,” said Mayor Eric Adams. Continue Reading NYC Mayor Decries ‘Jim Crowism’ Opposition to Affordable Housing
Eres Capital to Open New Community in Bozeman, Montana
Yellowstone Landing will be marketed for both private residents and corporate housing. Continue Reading Eres Capital to Open New Community in Bozeman, Montana
S&P CoreLogic Case-Shiller Index Hits Another High
“Our home price index has appreciated 4.1% year-to-date, the fastest start in two years,” said Brian D. Luke at S&P Dow Jones Indices. Continue Reading S&P CoreLogic Case-Shiller Index Hits Another High
MBA: Home Equity Lending Volume Remains Relatively Flat
Total originations of open-ended HELOCs and closed-end home equity loans increased to $2.13 billion per company in 2023. Continue Reading MBA: Home Equity Lending Volume Remains Relatively Flat
