U.S. Housing Market Updates
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Virginia Home Sales Hold Steady Amid Surge in New Listings
The statewide median sales price reached $430,000, a 3.6% increase from August 2024. Continue Reading Virginia Home Sales Hold Steady Amid Surge in New Listings
Forecast Warns of 10% Spike in Electric Heating Costs This Winter
NEADA is also predicting higher natural gas costs, with the average household gas bill increasing from $639 to $693. Continue Reading Forecast Warns of 10% Spike in Electric Heating Costs This Winter
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
New Legislation Seeks to Address Systemic Bias in Home Appraisals
Six Democratic senators cosponsored the bill. Continue Reading New Legislation Seeks to Address Systemic Bias in Home Appraisals
New Bipartisan Bill Seeks Government Support for ADU Construction
The lawmakers stated the construction of new ADUs is needed to address the national housing shortage. Continue Reading New Bipartisan Bill Seeks Government Support for ADU Construction
Single-Family Housing Starts and Permits Down in June
Privately-owned housing were at a seasonally adjusted annual rate of 1.321 million, which is 4.6% above the revised May estimate of 1.26 million. Continue Reading Single-Family Housing Starts and Permits Down in June
North Carolina Mobile Home Community Sells for $12.8 Million
Cape Fear Village opened in 2000 and spans 45.8 acres. Continue Reading North Carolina Mobile Home Community Sells for $12.8 Million
Median Luxury Home Price at New Record High
The total number of luxury homes for sale rose 12.6% from a year earlier in the first quarter, the biggest increase on record. Continue Reading Median Luxury Home Price at New Record High
Increased Listings Drive Home Sales Surge in Pennsylvania
Home listings on the market increased 7.6% last month compared to February, reaching 33,233. Continue Reading Increased Listings Drive Home Sales Surge in Pennsylvania
Florida Home Sales Down While Property Prices Rise
The statewide median sales price for single-family existing homes in March was $420,600, up 3.9% from the previous year. Continue Reading Florida Home Sales Down While Property Prices Rise
California Home Sales Down in March
The sales pace in March represented the 18th consecutive month where the activity level was below the 300,000-threshold. Continue Reading California Home Sales Down in March
New York State’s Housing Inventory Sinks to New Record Low
Closed sales fell from 7,790 sales in March 2023 to 6,685 homes last month, a 14.2% decline. Continue Reading New York State’s Housing Inventory Sinks to New Record Low
Mortgage Rates Soar Above 7%
The 30-year fixed-rate mortgage averaged 7.10% as of April 18, up from last week when it averaged 6.88%. Continue Reading Mortgage Rates Soar Above 7%
Existing Home Sales Drop in March
The median existing-home price for all housing types in March was $393,500. Continue Reading Existing Home Sales Drop in March
RE/MAX: New Inventory Fuels 21.6% Spike in March Home Sales
Last month’s median sales price was $415,000, up 5.1% from one year earlier. Continue Reading RE/MAX: New Inventory Fuels 21.6% Spike in March Home Sales
Austin Realtors Support Plan for Smaller Houses to Boost Affordable Homeownership
The median price for home sales in the Texas capital was $540,000. Continue Reading Austin Realtors Support Plan for Smaller Houses to Boost Affordable Homeownership
