U.S. Housing Market Updates
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Mortgage Credit Availability Inched Up During August
“Mortgage credit availability increased slightly in August, driven by a small increase in ARM product offerings, which was similar to what we saw in July,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Inched Up During August
Ohio Lawmakers Offer Bill to Prevent Foreclosure on Senior Homeowners
“We have heard from our constituents, calling with real fear of being taxed out of their homes,” said Adam Mathews. Continue Reading Ohio Lawmakers Offer Bill to Prevent Foreclosure on Senior Homeowners
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
California’s Environmental Law Rewritten to Create More Housing
“This is the most consequential housing reform in modern history in the state of California,” said Gov. Newsom. Continue Reading California’s Environmental Law Rewritten to Create More Housing
NYC Panel Approves Hike on Rent-Stabilized Apartments of Up to 4.5%
The rent hikes exceeded the levels sought by Mayor Eric Adams. Continue Reading NYC Panel Approves Hike on Rent-Stabilized Apartments of Up to 4.5%
Florida Gov. DeSantis Vetoes Bill for $1 Million Study on Ending Property Tax
“We know what needs to be done, so let’s just do it,” said DeSantis. “And we will do it.” Continue Reading Florida Gov. DeSantis Vetoes Bill for $1 Million Study on Ending Property Tax
Mortgage Applications Up 9.7%
The Refinance Index increased 8% from the previous week and was 2% lower than the same week one year ago. Continue Reading Mortgage Applications Up 9.7%
Realtor.com: More Affordable Homes Available in February
Affordable homeownership opportunities in February were more abundant compared to one year earlier, according to Realtor.com's housing report for February. Last month, homes in the $200,000 to $350,000 price range grew by 20.6% compared to February 2023, outpacing all...
Redfin: Black Millennials Half as Likely to Own Homes as Whites
Redfin stated that only 7% of homes for sale in 2023 were affordable for the typical Black household. Continue Reading Redfin: Black Millennials Half as Likely to Own Homes as Whites
A Phil Hall Op-Ed: Is Climate Change to Blame for Florida’s Expensive Property Insurance?
“Florida had only 8% of U.S. property claims and 80% of the property litigation in the U.S.,” said Jeff Brandes, a former state senator. Continue Reading A Phil Hall Op-Ed: Is Climate Change to Blame for Florida’s Expensive Property Insurance?
Johnny Carson’s One-Time New York Home Listed for $5.3 Million
Carson bought the home in 1959 when he was hosting the game show “Who Do You Trust?
” Continue Reading Johnny Carson’s One-Time New York Home Listed for $5.3 Million
Hits and Misses for the Real Estate Week of Feb. 25-March 1
This week’s Hits and Misses includes Macy’s store closings, the CFPB’s opaqueness and living in a Mercedes-Benz (but not a car). Continue Reading Hits and Misses for the Real Estate Week of Feb. 25-March 1
1830 Farmhouse Being Offered for Free, But There is a Catch
The residence includes four bedrooms, two bathrooms, two chimneys and five fireplaces. Continue Reading 1830 Farmhouse Being Offered for Free, But There is a Catch
HUD Offers New Initiatives for Manufactured Housing
The $225 million competitive grant program will provide resources to support residents of manufactured housing through repairs and rehabilitation. Continue Reading HUD Offers New Initiatives for Manufactured Housing
Mortgage Rates Up for Fourth Straight Week
“The recent boomerang in rates has dampened already tentative homebuyer momentum as we approach the spring,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Up for Fourth Straight Week
Pending Home Sales, Buyer Affordability Down in January
The national median payment applied for by purchase applicants increased to $2,134 from $2,055 in December. Continue Reading Pending Home Sales, Buyer Affordability Down in January
