U.S. Housing Market Updates
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Developers of Manhattan’s Mixed-Use Freedom Plaza Commit to 1,080 Affordable Housing Units
The five-acre site will stretch from 38th to 41st Streets on First Avenue, just south of the United Nations headquarters complex Continue Reading Developers of Manhattan’s Mixed-Use Freedom Plaza Commit to 1,080 Affordable Housing Units
Hits and Misses for the Real Estate Week of Sept. 15-18
Curious new legislation to encourage affordable housing, Treasury Secretary Bessent’s unlikely sense of humor, and Robert Redford’s impact on Utah real estate. Continue Reading Hits and Misses for the Real Estate Week of Sept. 15-18
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Report: Family Money Helps One-Quarter of Young Homebuyers with Down Payments
The typical homebuyer’s down payment in 2024 was roughly $63,000, equal to 16.3% of the typical home-purchase price. Continue Reading Report: Family Money Helps One-Quarter of Young Homebuyers with Down Payments
Wall Street Journal Slams Trump-Pulte Housing Policies
“Now is not the time for the Administration to ease lending standards,” said the editors. Continue Reading Wall Street Journal Slams Trump-Pulte Housing Policies
Ohio’s Governor and Attorney General Pursue Rival Property Tax Reform Initiatives
“Ohioans are as angry as I’ve ever seen them – and rightly so,” Attorney General Dave Yost said. Continue Reading Ohio’s Governor and Attorney General Pursue Rival Property Tax Reform Initiatives
Rupert Murdoch Slashes Price on NYC Triplex Penthouse
Murdoch first listed the penthouse in 2022 for $62 million. Continue Reading Rupert Murdoch Slashes Price on NYC Triplex Penthouse
Hits and Misses for the Real Estate Week of April 1-5
In the spotlight: A bizarre attack on a major mortgage company, an about-face by the Federal Reserve and a luxury retailer is coming to San Francisco. Continue Reading Hits and Misses for the Real Estate Week of April 1-5
Minneapolis Brokerage Opens First Office in Florida
“A number of our agents who winter in Florida or spend significant time there asked for this expansion,” said CEO Greg Mason. Continue Reading Minneapolis Brokerage Opens First Office in Florida
‘Zillow Gone Wild’ to Have HGTV and Max Premiere on May 3
“I’m on a mission to find out the story behind America’s strangest and most extraordinary homes,” said host Jack McBrayer. Continue Reading ‘Zillow Gone Wild’ to Have HGTV and Max Premiere on May 3
Survey: Half of Homeowners and Rents Struggle with Housing Payments
Among the respondents, the most common sacrifice (34.5%) was taking no or fewer vacations. Continue Reading Survey: Half of Homeowners and Rents Struggle with Housing Payments
Zillow: Half of 2023’s Homebuyers Were First-Timers
Last year’s figure represented the highest share in the report’s six-year history and is up from a low of 37% in 2021. Continue Reading Zillow: Half of 2023’s Homebuyers Were First-Timers
Tech Trends: A Quartet of Updated Offerings
This week’s offerings can help locate lost phone and screen for tenants with pets. Continue Reading Tech Trends: A Quartet of Updated Offerings
Mortgage Rates Still Hovering Near the 7% Level
“We do not expect rates will decrease meaningfully in the near-term,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Still Hovering Near the 7% Level
Northeast and Midwest Lead the Nation with Highest Property Taxes
The average tax on single-family homes in the U.S. increased last year by 4.1% to $4,062. Continue Reading Northeast and Midwest Lead the Nation with Highest Property Taxes
Guest Opinion: How Can We Improve the State of Affordable Housing?
In 1960, the typical home was worth about 1.7 times the median family’s income. By 2022, that ratio had risen to well over three. Continue Reading Guest Opinion: How Can We Improve the State of Affordable Housing?
