U.S. Housing Market Updates
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Report: Colorado’s Housing Shortfall is Narrowing
To prevent the shortfall from growing, the report recommended the creation of approximately 34,100 new homes per year over the next decade. Continue Reading Report: Colorado’s Housing Shortfall is Narrowing
Survey: Hispanic Homeowners Embracing Short-Term Rentals to Build Income
The survey polled 1,276 responses from Hispanic professionals in the real estate industry in 39 states, including Puerto Rico. Continue Reading Survey: Hispanic Homeowners Embracing Short-Term Rentals to Build Income
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Hits and Misses for the Real Estate Week of July 7-11
Gavin Newsom’s long-distance grant funding, a data access deal with three major MLSs, and investors hogging the homebuying market. Continue Reading Hits and Misses for the Real Estate Week of July 7-11
Kentucky Reduces State’s Property Tax Rate for Fifth Straight Year
The real state real property tax rate has been reduced from 10.9 cents to 10.6 cents per $100 assessed value. Continue Reading Kentucky Reduces State’s Property Tax Rate for Fifth Straight Year
New Bill Seeks to End Federal Capital Gains Tax on Primary Residence Sales
The new bill applies only to individuals selling their primary residence and does not apply to home flippers or real estate investors. Continue Reading New Bill Seeks to End Federal Capital Gains Tax on Primary Residence Sales
Tennessee Builder Teams with Internet Provider to Create 3,100 Wi-Fi-Ready Homes
The Wi-Fi-ready homes are being constructed as part of 11 separate developments in the Middle Tennessee area. Continue Reading Tennessee Builder Teams with Internet Provider to Create 3,100 Wi-Fi-Ready Homes
Mortgage Application Activity is Down Again
“Elevated mortgage rates continued to weigh down on homebuying,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity is Down Again
Person of the Week: David Druey, Florida Regional President at Centennial Bank
Our Person of the Week spotlight is focused on the Sunshine State as we discuss Florida's housing market with David Druey, the Florida regional president at Centennial Bank. How would you describe today’s housing market in Florida? For the state as a whole, we still...
Howard Hughes Holdings Contracts Four Homebuilders for Arizona Planned Community
Howard Hughes Holdings Inc. (NYSE: HHH) announced the first four homebuilders for the launch of Teravalis, the company’s new 37,000-acre community in Arizona’s Phoenix West Valley. Brightland Homes, Courtland Communities, KB Home and Lennar will build the initial...
NAR Report Affirms Millennials and Baby Boomers Dominate the Housing Market
Buyers of previously owned homes made up an 87% share of the market, compared to the 13% buying new homes. Continue Reading NAR Report Affirms Millennials and Baby Boomers Dominate the Housing Market
Rep. Adam Schiff Offers Bill to Convert Government Buildings into Affordable Housing
The bill was praised by National Association of Realtors President Kevin Sears. Continue Reading Rep. Adam Schiff Offers Bill to Convert Government Buildings into Affordable Housing
Second Round of California Dream for All Loan Program to Roll Out
The program was conceived to help bridge California’s racial gap in homeownership. Continue Reading Second Round of California Dream for All Loan Program to Roll Out
White House Press Secretary: Protecting Homeowners Against Squatters is a ‘Local Issue’
“My understanding is that this is obviously a local issue,” said Press Secretary Karine Jean-Pierre. Continue Reading White House Press Secretary: Protecting Homeowners Against Squatters is a ‘Local Issue’
Study: More Than Three-Quarters of Baby Boomers Plan to Stay in Their Current Home
The majority of boomers (54%) own homes with no mortgage. Continue Reading Study: More Than Three-Quarters of Baby Boomers Plan to Stay in Their Current Home
Zillow: US Has 550 Million-Dollar Cities, a New Record High
California led the nation with 210 million-dollar cities, more than the next five states combined. Continue Reading Zillow: US Has 550 Million-Dollar Cities, a New Record High
