U.S. Housing Market Updates
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Report: 1 in 3 Homes Bought in All-Cash Sales During First Half of 2025
The top five states for all-cash sales were Mississippi (49.6%), Montana (46.0%), Idaho (45.0%), Hawaii (44.9%), and Maine (44.4%). Continue Reading Report: 1 in 3 Homes Bought in All-Cash Sales During First Half of 2025
Report: Housing Affordability at Best Level Since Early 2023
The average credit score for purchase locks climbed above 736, the highest recorded in the six-year history of ICE’s origination dataset Continue Reading Report: Housing Affordability at Best Level Since Early 2023
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
New Report Finds NY Gov. Hochul Falling Short in 5-Year Affordable Housing Plan
Hochul allocated $25 billion in state investments to this initiative, which ends in 2027. Continue Reading New Report Finds NY Gov. Hochul Falling Short in 5-Year Affordable Housing Plan
Freddie Mac Expands CHOICEHome Mortgage Program to Single-Section Manufactured Homes
Freddie Mac (OTCQB: FMCC) announced the expansion of its CHOICEHome conventional financing options to include modern single-section manufactured homes. Previously, Freddie Mac provided multi-section factory-built homes with a 3% down payment option. As of today,...
Citadel Credit Union Debuts Program to Aid Philadelphia-Area Black and Hispanic Homeowners
The program will provide provides up to $18,000 in assistance for purchase, refinance, or improvement of a primary residence in qualified communities. Continue Reading Citadel Credit Union Debuts Program to Aid Philadelphia-Area Black and Hispanic Homeowners
Housing Starts Slumped in May
Single‐family authorizations in May were down 2.9% from the revised April figure of 977,000. Continue Reading Housing Starts Slumped in May
Builder Confidence Drops to 6-Month Low
“Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” said NAHB Chairman Carl Harris. Continue Reading Builder Confidence Drops to 6-Month Low
CFPB Issues Bans to Reverse Mortgage Servicers
The CFPB issued permanent bans against Sutherland Global, Sutherland Government Solutions and NOVAD Management Consulting Continue Reading CFPB Issues Bans to Reverse Mortgage Servicers
California’s Median Home Price Sets New Record High
The statewide unsold inventory index 2.6 months in May, unchanged from April and up from 2.1 months in May 2023. Continue Reading California’s Median Home Price Sets New Record High
Maryland Home Sales Down 3.4% During May
“The housing stats for May read like a spring housing market in the midst of an inventory crisis,” said Chris Hill, 2024 president of Maryland Realtors. Continue Reading Maryland Home Sales Down 3.4% During May
Zillow: US Needs 4.5 Million Homes to Cover the Housing Shortage
During 2022, 1.4 million homes were built, but the number of U.S. families increased by 1.8 million that year. Continue Reading Zillow: US Needs 4.5 Million Homes to Cover the Housing Shortage
Redfin: Home Price Acceleration Has Cooled
On a year-over-year basis, home prices were up by 7.2%. Continue Reading Redfin: Home Price Acceleration Has Cooled
Mill Creek Residential Acquires 290-Unit Apartment Community in Austin
The 290-unit, three-story community was built in 1997. Continue Reading Mill Creek Residential Acquires 290-Unit Apartment Community in Austin
Sen. JD Vance: ’20 Million Illegal Aliens’ Preventing Affordable Homeownership
The Ohio Republican responded to anti-Trump comments by a financial journalist. Continue Reading Sen. JD Vance: ’20 Million Illegal Aliens’ Preventing Affordable Homeownership
Multifamily Developer Wood Partners Enters RI and NH Markets
Both properties are expected to deliver their first units in the Spring of 2025. Continue Reading Multifamily Developer Wood Partners Enters RI and NH Markets
