U.S. Housing Market Updates
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Q3 Foreclosure Filings Up 17% Year-Over-Year
One in every 1,402 housing units had a foreclosure filing in the third quarter. Continue Reading Q3 Foreclosure Filings Up 17% Year-Over-Year
Report: Apartment Rents Down Slightly in September
All regions posted month-over-month rent declines in September, most notably in the West with a -0.5% tumble. Continue Reading Report: Apartment Rents Down Slightly in September
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Refinancing Surge Fuels Rise in Mortgage Application Activity
The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 10.9% on a seasonally adjusted basis from one week earlier. Continue Reading Refinancing Surge Fuels Rise in Mortgage Application Activity
California Home Affordability Improves Slightly From One Year Ago
For the state’s condo/townhome markets, only 25% of homebuyers were able to purchase those $670,000 median-priced residences. Continue Reading California Home Affordability Improves Slightly From One Year Ago
Three Out of Four Metro Areas Saw Q2 Home Price Increases
The national median single-family existing-home price reached a record high at $429,400. Continue Reading Three Out of Four Metro Areas Saw Q2 Home Price Increases
Lennar Debuts Two Communities in Alabama
“Foley is a little piece of paradise,” said Lennar’s Joel Coleman. Continue Reading Lennar Debuts Two Communities in Alabama
Elle to Create Residential Tower in Miami
The 25-story property will include 180 residences that will be delivered turnkey. Continue Reading Elle to Create Residential Tower in Miami
MBA: Mortgage Credit Availability Up for Sixth Consecutive Month
“The jumbo index increased to its highest level since August 2022,” said MBA’s Joel Kan. Continue Reading MBA: Mortgage Credit Availability Up for Sixth Consecutive Month
Foreclosure Activity Down During First Half of the Year
Nationwide, 0.13% of all housing units (one in every 794) had a foreclosure filing in the first half of 2024. Continue Reading Foreclosure Activity Down During First Half of the Year
Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week
The typical home is selling for 0.4% less than its asking price. Continue Reading Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week
Home Sales Decline Across Mid-Atlantic Region
Although fewer homes were being sold, more properties were available for sale in June. Continue Reading Home Sales Decline Across Mid-Atlantic Region
Builders Ask Congress to Support Policies to Enable Affordable Housing Construction
Regulatory costs account for nearly 25% of the cost of a single-family home and more than 40% of the cost of a typical apartment development. Continue Reading Builders Ask Congress to Support Policies to Enable Affordable Housing Construction
5-Floor NYC Penthouse Sells for $135 Million
The 12,500-square-foot unit is one of 22 residences located above the Aman New York hotel in the historic Crown Building in Manhattan. Continue Reading 5-Floor NYC Penthouse Sells for $135 Million
New Pennsylvania Law Addresses Residential Wholesaling Abuses
Wholesalers typically seek distressed properties from an owner who wants to sell quickly and is unaware of the home’s market value. Continue Reading New Pennsylvania Law Addresses Residential Wholesaling Abuses
Mortgage Application Activity Takes a Downturn
The seasonally adjusted Purchase Index increased 1% from one week earlier, but the unadjusted index fell by 19%. Continue Reading Mortgage Application Activity Takes a Downturn
