U.S. Housing Market Updates
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One in Six Home Sellers Dropped Their Asking Price
The typical home that sold in August went for 3.8% less than its original asking price—the steepest discount for that month since 2019. Continue Reading One in Six Home Sellers Dropped Their Asking Price
Mortgage Rates Rise for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.34% as of Oct. 2. Continue Reading Mortgage Rates Rise for Second Straight Week
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Hits and Misses for the Real Estate Week of July 28-Aug. 1
The Fed ignores the president, FICO lobbies Congress, and Grant Cardone needs a CFO. Continue Reading Hits and Misses for the Real Estate Week of July 28-Aug. 1
Lennar Begins Home Sales at New Florida Community
The community includes a 55+ active adult section. Continue Reading Lennar Begins Home Sales at New Florida Community
Newsom Issues Executive Order Curbing Housing Density in Fire-Impacted Areas
Los Angeles Mayor Karen Bass issued a similar executive order. Continue Reading Newsom Issues Executive Order Curbing Housing Density in Fire-Impacted Areas
San Francisco’s ‘Full House’ Site Listed for $6.5 Million
The Pacific Heights property was acquired by the show’s creator, Jeff Franklin, for $4 million in 2016. Continue Reading San Francisco’s ‘Full House’ Site Listed for $6.5 Million
Mortgage Rates Slide to Just Under 7%
The 30-year fixed-rate mortgage averaged 6.99% as of June 6. Continue Reading Mortgage Rates Slide to Just Under 7%
Survey Finds High Housing Costs Eroding Americans’ Confidence in Economy
40% of homeowners delayed necessary structural repairs to their home. Continue Reading Survey Finds High Housing Costs Eroding Americans’ Confidence in Economy
Q1 Mortgage Lending at Lowest Level Since 2000
Lenders issued $405.6 billion worth of residential mortgages in the first quarter. Continue Reading Q1 Mortgage Lending at Lowest Level Since 2000
Tech Trends: Building Partnerships, Expanding Data Resources
A quartet of tech solutions introduced this week are in the Tech Trends spotlight. Continue Reading Tech Trends: Building Partnerships, Expanding Data Resources
Mortgage Application Activity Continues to Drag
The Market Composite Index was down by 5.2% on a seasonally adjusted basis. Continue Reading Mortgage Application Activity Continues to Drag
Detroit’s Largest Residence Goes to Auction After a Year on the Market
Bishop Mansion encompassed 12 bedrooms, 11 bathrooms and multiple fireplaces. Continue Reading Detroit’s Largest Residence Goes to Auction After a Year on the Market
NY Archdiocese Plans Sale of Vacant Lot for Affordable Housing Complex
The archdiocese owned the property for more than 50 years. Continue Reading NY Archdiocese Plans Sale of Vacant Lot for Affordable Housing Complex
CoreLogic: Home Price Appreciation is Cooling
Looking ahead to next year, CoreLogic’s forecast predicted annual home price gains relaxing to 3.4% in April 2025. Continue Reading CoreLogic: Home Price Appreciation is Cooling
Frontdoor Acquires 2-10 Home Buyers Warranty for $585 Million
Approximately one in five new homes built in the U.S. are covered by a 2-10 new home structural warranty. Continue Reading Frontdoor Acquires 2-10 Home Buyers Warranty for $585 Million
