U.S. Housing Market Updates
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Housing Market Hit Record $55.1 Trillion
Seven states saw their housing markets lose value over the past year, with the biggest drops in Florida (-$109 billion), California (-$106 billion) and Texas (-$32 billion). Continue Reading Housing Market Hit Record $55.1 Trillion
Property Insurance Costs Grow 11.3%
California saw the largest increases in the first half of the year, with premiums in Los Angeles up 9% in six months and 19.5% year-over-year. Continue Reading Property Insurance Costs Grow 11.3%
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Mortgage Rates Decline Again
The 30-year fixed-rate mortgage averaged 6.77% as of June 26. Continue Reading Mortgage Rates Decline Again
Mortgage Application Payments Increased in May
The national median mortgage payment for conventional loan applicants was $2,235, up from $2,206 in April and up from $2,226 in May 2024. Continue Reading Mortgage Application Payments Increased in May
Report: Affordable Homeownership Remains Mostly Elusive
California had 16 of the 25 counties where affordable homeownership requires the highest annual income. Continue Reading Report: Affordable Homeownership Remains Mostly Elusive
Mill Creek Residential Begins Preleasing on Dallas Mixed-Use Apartment Community
The seven-story community features 204 apartments and 4,000 square feet of ground-floor retail space. Continue Reading Mill Creek Residential Begins Preleasing on Dallas Mixed-Use Apartment Community
Existing Home Sales Up in January
“The median home price reached an all-time high for the month of January,” said NAR Chief Economist Lawrence Yun. Continue Reading Existing Home Sales Up in January
Median Rents Down for Sixth Straight Month
Asking rents for one-bedroom units increased by a scant 0.1% year-over-year to $1,591 in January. Continue Reading Median Rents Down for Sixth Straight Month
CVS Health Provides $35 Million for Affordable Housing Projects in Hawaii
“These investments and collaborations echo our longstanding commitment to supporting and uplifting the people of Hawaii,” said CVS’ Scott Sutton. Continue Reading CVS Health Provides $35 Million for Affordable Housing Projects in Hawaii
FHA Launches New Loan Modification Option
Mortgage servicers may begin implementing Payment Supplement on May 1. Continue Reading FHA Launches New Loan Modification Option
The House Where Jeff Bezos Created Amazon Sells for $2.29 Million
Bezos was reportedly renting the home for $890 a month in 1994 when he used his garage as the office of Amazon. Continue Reading The House Where Jeff Bezos Created Amazon Sells for $2.29 Million
HUD Allocates $115 Million in Grants to Rental Housing for Low-Income Seniors
FHA Commissioner Julia Gordon said the funds “offer a solution to address the persistent housing needs of seniors across the nation.” Continue Reading HUD Allocates $115 Million in Grants to Rental Housing for Low-Income Seniors
Mortgage Application Activity Goes Kerplop
The MBA stated the total number of loans now in forbearance was 0.22% as of Jan. 31. Continue Reading Mortgage Application Activity Goes Kerplop
North Carolina Regional MLS in Collaboration for Interactive Video Software Platform
NCRMLS represents over 12,000 brokers and appraisers, with a footprint encompassing over 47% of North Carolina. Continue Reading North Carolina Regional MLS in Collaboration for Interactive Video Software Platform
Homeownership Rates for Asian Americans and Hispanics at Record Highs
Homeownership rates for Asian Americans and Hispanics reached historic peaks in the latest data report published by the National Association of Realtors. Continue Reading Homeownership Rates for Asian Americans and Hispanics at Record Highs
