U.S. Housing Market Updates
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Existing Home Sales Up in December
First-time buyers were responsible for 31% of sales in December. Continue Reading Existing Home Sales Up in December
California Attorney General Charges Real Estate Agent with Price Gouging Wildfire Victims
The real estate agent was not identified by Bonta’s office, although media reports identified him as Mike Kobeissi of Kobeissi Properties. Continue Reading California Attorney General Charges Real Estate Agent with Price Gouging Wildfire Victims
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Mortgage Rates Drop Below 7%
The 30-year fixed-rate mortgage averaged 6.96% as of Jan. 23. Continue Reading Mortgage Rates Drop Below 7%
Home Selling Profits Down in 2024 Despite Price Gains
The median home price increased year-over-year by 4.9% percent in 2024, reaching a new record high of $350,000. Continue Reading Home Selling Profits Down in 2024 Despite Price Gains
Report: Renters Need to Earn $63,680 to Afford a Typical Apartment
Among the nation’s 44 major metros, the Texas capital of Austin was identified by Redfin as the most affordable. Continue Reading Report: Renters Need to Earn $63,680 to Afford a Typical Apartment
Richmond American Homes Completes Purchase of Florida Property for New Community
The financial aspects of the site purchase were not disclosed. Continue Reading Richmond American Homes Completes Purchase of Florida Property for New Community
Building America’s Future: How Trump’s Housing Agenda Can Revitalize the American Dream
Publisher John G. Stevens forecasts what housing policy could become under the Trump administration. Continue Reading Building America’s Future: How Trump’s Housing Agenda Can Revitalize the American Dream
New Mexico MLS to Require Floor Plans in All Property Listings
this is a standard feature in other countries including the UK, Australia and Sweden. Continue Reading New Mexico MLS to Require Floor Plans in All Property Listings
California Home Sales Up Nearly 20% Year-Over-Year
The December statewide median price of $861,020 was up by 1% from November’s price of $852,880. Continue Reading California Home Sales Up Nearly 20% Year-Over-Year
Clear Investment Group Acquires DC-Based Multifamily Complex
The financial terms of the acquisition were not disclosed. Continue Reading Clear Investment Group Acquires DC-Based Multifamily Complex
‘Home Alone’ House Sells for $5.5 Million
The house last changed hands in 2012 for $1.58 million. Continue Reading ‘Home Alone’ House Sells for $5.5 Million
Single-Family Housing Starts Up in December
For the full year of 2024, an estimated 1.36 million housing starts were recorded in 2024. Continue Reading Single-Family Housing Starts Up in December
RE/MAX: December Home Sales Up 13.3% Year-Over-Year
New listings were 7.5% higher from the prior year. Continue Reading RE/MAX: December Home Sales Up 13.3% Year-Over-Year
Builder Confidence Inches Up
The latest HMI survey also found 30% of builders cut home prices in January, with an average price reduction of 5%. Continue Reading Builder Confidence Inches Up
FCC Warns Against Fraudulent Mortgage Calling Campaign
Green Mirage has impersonated over 400 mortgage institutions and caused hundreds of thousands of dollars of losses to deceived homeowners. Continue Reading FCC Warns Against Fraudulent Mortgage Calling Campaign
