U.S. Housing Market Updates
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MBA Chief Argues Against Fannie-Freddie Merger
“Competition between Fannie Mae and Freddie Mac has been central to their success in providing liquidity and stability to the mortgage market,” Broeksmit explained. Continue Reading MBA Chief Argues Against Fannie-Freddie Merger
5-Unit, 125-Year-Old Connecticut Multifamily Property Sells for $1.7 Million
National Multifamily Corp. President Matt Cawley represented the seller, BPC Capital Management LLC, and procured the buyer, BBB Investors LLC. Continue Reading 5-Unit, 125-Year-Old Connecticut Multifamily Property Sells for $1.7 Million
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Mortgage Rates Decline for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.67% as of July 3. Continue Reading Mortgage Rates Decline for Fifth Straight Week
Detroit Sues Blockchain Real Estate Firm for Widespread Property Violations
The lawsuit cites Real Token LLC, company owners Remy and Jean-Marc Jacobson, and their 165 affiliated corporate defendants. Continue Reading Detroit Sues Blockchain Real Estate Firm for Widespread Property Violations
New Joint Venture to Develop 243-Unit Rental Community in Denver Suburb
The project is being financed through a $57 million construction loan facility from JPMorgan Chase. Continue Reading New Joint Venture to Develop 243-Unit Rental Community in Denver Suburb
Rihanna Lists L.A. Penthouse for Nearly $25 Million
The recording superstar bought the condo in March 2023 for $21 million. Continue Reading Rihanna Lists L.A. Penthouse for Nearly $25 Million
Realtor.com Introduces Three New Climate Risk Factor Scores
The new scores use data provided by the climate technology company First Street. Continue Reading Realtor.com Introduces Three New Climate Risk Factor Scores
Guest Opinion: What Created the Housing Affordability Crisis, and Can it Be Fixed?
Ethereal causes like “corporate greed” have not caused inflation. Continue Reading Guest Opinion: What Created the Housing Affordability Crisis, and Can it Be Fixed?
Texas Home Sales Dropped 11% in 2023
Statewide, homes remained on the market an average of 55 days, 20 days more than in 2022. Continue Reading Texas Home Sales Dropped 11% in 2023
Foreclosure Activity Records Annual Increase
Lenders repossessed 3,397 properties through completed foreclosures (REOs) in February. Continue Reading Foreclosure Activity Records Annual Increase
Hispanic Homeownership Rate Reached 49.5% in 2023
The Hispanic homeownership rate reached 49.5% in 2023, with a net gain of 377,000 owner-households – the largest single-year increase since 2005 and the largest homeownership rate upswing for any racial or ethnic demographic group compared to the year prior, according...
Freddie Mac’s Multifamily Apartment Investment Market Index Increased in 2023
The AIMI fell nationally and in all 25 regional markets measured for the fourth quarter of 2023, Continue Reading Freddie Mac’s Multifamily Apartment Investment Market Index Increased in 2023
Study: Home Prices Outpaced Inflation by 2.4x Since 2013
Since 1985, incomes have risen 3.2 times while home prices rose 5.6 times during the same period. Continue Reading Study: Home Prices Outpaced Inflation by 2.4x Since 2013
Redfin Expands Sign & Save Program for Homebuyers
The program was piloted in a handful of markets last September and was launched in additional markets in January. Continue Reading Redfin Expands Sign & Save Program for Homebuyers
DR Horton Makes Strategic Investment in 3D Printing Construction Firm
The homebuilder D.R. Horton (NYSE:DHI) has made a strategic investment in Apis Cor, a manufacturer of construction 3D printing robotic technologies. According to the companies, they will collaborate on a multi-unit construction project in South Florida after the...
