U.S. Housing Market Updates
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FCP Expands into Las Vegas with Apartment Community Acquisition
The financial terms of the deal were not disclosed. Continue Reading FCP Expands into Las Vegas with Apartment Community Acquisition
169-Unit Affordable Housing Portfolio in Connecticut Sells for $39.7 Million
CBRE represented the seller, an affiliate of First Atlantic, LLC, and procured the buyer, an affiliate of Heritage Housing Inc. Continue Reading 169-Unit Affordable Housing Portfolio in Connecticut Sells for $39.7 Million
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Pending Home Sales Down During June
The Northeast recorded a 2.1% uptick in pending home sales from May but remained unchanged from June 2024. Continue Reading Pending Home Sales Down During June
Mortgage Application Activity Slows Down
“Mortgage applications fell to their lowest level since May,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Slows Down
Number of DC-Area Homes for Sale Up 22.7% from Last Year
Only about one-third (35.7%) of homes sold over asking price, down from nearly half (47.8%) a year earlier. Continue Reading Number of DC-Area Homes for Sale Up 22.7% from Last Year
Groundbreaking at Austin-Area Micro-Home Rental Community
Residents in the new development will be able to rent one- or two-bedroom units. Continue Reading Groundbreaking at Austin-Area Micro-Home Rental Community
Maui County Donates 7 Lots to Nonprofit for Affordable Housing
The nonprofit plans will develop 50 homes on the lots for sale as residential homes to low- and moderate-income households. Continue Reading Maui County Donates 7 Lots to Nonprofit for Affordable Housing
Katharine Hepburn’s Former NYC Home Listed for $7.2 Million
Hepburn’s estate sold the property in 2004 for $3.9 million. Continue Reading Katharine Hepburn’s Former NYC Home Listed for $7.2 Million
CoreLogic: 32.7 Million Homes Face Damage Risk in 2024 Atlantic Hurricane Season
The depth and scope of at-risk properties equates to a combined reconstruction cost of $10.8 trillion. Continue Reading CoreLogic: 32.7 Million Homes Face Damage Risk in 2024 Atlantic Hurricane Season
Mortgage Application Payments Increased 2.5%
The national median mortgage payment for conventional loan applicants was $2,271. Continue Reading Mortgage Application Payments Increased 2.5%
CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’
CFPB Director Rohit Chopra opined, “Junk fees and excessive closing costs can drain down payments and push up monthly mortgage costs.” Continue Reading CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’
GOP Lawmakers Question Proposed Freddie Mac Expansion into Second Mortgages
The lawmakers said the proposal would turn Freddie Mac “into a massive consumer loan guarantor.” Continue Reading GOP Lawmakers Question Proposed Freddie Mac Expansion into Second Mortgages
Mortgage Rates Back Above 7%
A year ago at this time, the 30-year fixed-rate mortgage averaged 6.79%. Continue Reading Mortgage Rates Back Above 7%
Pending Home Sales Slumped in April
All four regions registered month-over-month and year-over-year decreases. Continue Reading Pending Home Sales Slumped in April
Redfin: More Home Sellers Cutting Their Asking Prices
The median asking price was slashed by roughly $3,000 to $416,623 in the last week. Continue Reading Redfin: More Home Sellers Cutting Their Asking Prices
