U.S. Housing Market Updates
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Homebuyer’s Lawsuit Accuses Zillow of Deceptive Practices
The plaintiff, who was not publicly identified, is seeking class-action status for the lawsuit that will include financial compensation of up to $25,000 a person. Continue Reading Homebuyer’s Lawsuit Accuses Zillow of Deceptive Practices
New Pilot Program Aimed at Expanding Homeownership in Detroit
The mortgage product will provide qualified borrowers with up to 40% of a home’s purchase price in down payment assistance without adding any monthly debt. Continue Reading New Pilot Program Aimed at Expanding Homeownership in Detroit
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Builder Confidence Inches Up Slightly
The latest HMI survey found 38% of builders cutting prices in July, the highest percentage since NAHB began tracking this figure in 2022. Continue Reading Builder Confidence Inches Up Slightly
Foreclosure Activity Rises During First Half of the Year
During the second quarter, there were 100,687 residential properties with a foreclosure filing, up 7% from the previous quarter and up 13% from one year ago. Continue Reading Foreclosure Activity Rises During First Half of the Year
Kentucky Home Sales Up During June
The state’s median sales price of $285,000 was up 2.2% month-over-month and up 4% year-over-year. Continue Reading Kentucky Home Sales Up During June
Builder Confidence Remains Unchanged for April
This is the first static reading after four months of index gains. Continue Reading Builder Confidence Remains Unchanged for April
Zillow: Homes Sell on Average After 13 Days on the Market
Today’s sales speed is much faster than the pre-pandemic norm. Continue Reading Zillow: Homes Sell on Average After 13 Days on the Market
Hits and Misses for the Real Estate Week of April 8-12
This week’s focus includes rising housing costs, real estate agent safety and a tax hike for Boston’s commercial properties. Continue Reading Hits and Misses for the Real Estate Week of April 8-12
Report: FBI Agents Seek Federal Help to Cover Housing Costs
The Justice Department has not endorsed the request for a housing allowance. Continue Reading Report: FBI Agents Seek Federal Help to Cover Housing Costs
Pennsylvania Housing Finance Agency Allocates $4.5 Million for 7 Mixed-Use Projects
The funding was raised through the sale of tax credits under the Mixed-Use Development Tax Credit Program. Continue Reading Pennsylvania Housing Finance Agency Allocates $4.5 Million for 7 Mixed-Use Projects
A&D Mortgage Launches Promotion for Northeast Markets
The promotion runs from April 15 to May 31. Continue Reading A&D Mortgage Launches Promotion for Northeast Markets
Study: 38% of Renters Believe They’ll Never Own a Home
Only 8% of Gen Z renters believed they’ll never own a home. Continue Reading Study: 38% of Renters Believe They’ll Never Own a Home
$77 Million Aspen Home Sale Breaks Record for Colorado
A new record was set in the Colorado housing market with the $77 million sale of a 12,655-square-foot home on 60.78 acres of ranchland in Aspen. The Aspen Times reported the 8-bedroom, 11-bathroom home was purchased in a cash deal. The property, which was built in...
McShane Construction Tapped for New Affordable Housing Complex in Madison, Wisconsin
Canyons is one of two affordable housing projects McShane currently has underway for Lincoln Avenue Communities. Continue Reading McShane Construction Tapped for New Affordable Housing Complex in Madison, Wisconsin
CMG Financial Acquires Norcom Mortgage’s Retail Assets
CMG Financial, a mortgage banking firm headquartered in San Ramon, California, announced its retail acquisition of Norcom Mortgage of Hartford, Connecticut. The financial terms of the acquisition were not disclosed. The integration of Norcom Mortgage marks CMG's...
