U.S. Housing Market Updates
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Black Homeownership Rate Drops to 4-Year Low
The homeownership rate decline occurred as the Black unemployment rate reached 7.2% as of July, up from 6.3% one year before and the highest level since October 2021. Continue Reading Black Homeownership Rate Drops to 4-Year Low
Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
The legislation creates $50 million per year in grants for communities that adopt policies removing barriers to affordable housing on property owned by faith-based organizations or colleges. Continue Reading Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Pending Home Sales Up in May
“Consistent job gains and rising wages are modestly helping the housing market,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Up in May
FHFA Orders Review for Using Cryptocurrencies in Mortgage Market
No deadline was set, but Pulte asked that the directive “should be implemented as soon as reasonably practical.” Continue Reading FHFA Orders Review for Using Cryptocurrencies in Mortgage Market
Ouch! New Home Sales Down by 13.7%
The median sales price of new houses sold in May was $426,600, a 3.7% uptick from the April price of $411,400. Continue Reading Ouch! New Home Sales Down by 13.7%
Another Real Estate Commission Lawsuit is Filed, This Time in Nevada
Another week, another copycat lawsuit regarding real estate broker commissions! The latest was filed on Feb. 16 in Nevada, marking the second filed in the state this year. According to combined media reports, the new lawsuit involves Andrea Boykin, who sold her Las...
The State with the Highest Property Tax Is…
In a political measurement, Blue States have 29.17% higher real-estate property taxes than Red States. Continue Reading The State with the Highest Property Tax Is…
Mortgage Start-Up Tomo Debuts AI-Driven Real Estate Portal
“Tomo’s beginnings as a mortgage company set us apart in the real estate industry,” said Tomo co-founder and CEO Greg Schwartz. Continue Reading Mortgage Start-Up Tomo Debuts AI-Driven Real Estate Portal
Florida Estate in Zelensky Hoax Story Going Up For Auction
“I can confirm the property has not been sold to Zelensky or to any other nation’s leader,” said David Ashcroft, Platinum’s managing director. Continue Reading Florida Estate in Zelensky Hoax Story Going Up For Auction
Northmarq Completes Sale of Two Pennsylvania Manufactured Housing Communities
The communities encompassed 277 lots in the Lehigh Valley region of Pennsylvania. Continue Reading Northmarq Completes Sale of Two Pennsylvania Manufactured Housing Communities
Montana Judge Blocks Development Over Potential Groundwater Level Depletion
Horse Creek Hills is envisioned as a 442-acre property consisting of 39 residential and two commercial lots. Continue Reading Montana Judge Blocks Development Over Potential Groundwater Level Depletion
Michael Dell Lists Second Boston Penthouse for $10.9 Million
The tech mogul acquired the property in 2016. Continue Reading Michael Dell Lists Second Boston Penthouse for $10.9 Million
Justice Department Objects to Settlement in Real Estate Commission Case
The judge is not obligated to reject the settlement because of the DOJ’s concerns. Continue Reading Justice Department Objects to Settlement in Real Estate Commission Case
Hits and Misses for the Real Estate Week of Feb. 12-16
This week’s Hits and Misses considers the MBA chief’s take on Biden housing policies, Toronto mayor’s defense of a massive residential property tax and an unlikely setting for weddings. Continue Reading Hits and Misses for the Real Estate Week of Feb. 12-16
Clever Real Estate Debuts Title and Escrow Subsidiary
Clever Title’s online portal offers real-time tracking, online document storage, and full digital encryption. Continue Reading Clever Real Estate Debuts Title and Escrow Subsidiary
