U.S. Housing Market Updates
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Grant Cardone Pushes for Multifamily Construction to Alleviate Housing Shortage
“America cannot build ‘affordable housing’ at enough scale to offset this,” he said. Continue Reading Grant Cardone Pushes for Multifamily Construction to Alleviate Housing Shortage
Philadelphia Launches System to Detect Deed Fraud with Forgeries of Dead Homeowners
The city’s Department of Records found 111 cases of deed fraud last year. Continue Reading Philadelphia Launches System to Detect Deed Fraud with Forgeries of Dead Homeowners
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
The Best- and Worst-Run Cities of 2025 Are…
WalletHub cited Provo’s 5.2% business growth rate, low violent crime and property crime rates, and a median household income growing at nearly 8.4%. Continue Reading The Best- and Worst-Run Cities of 2025 Are…
Illinois Home Sales Down as Prices Continue to Rise
The state’s median sales price took a 5% year-over-year rise to $315,000. Continue Reading Illinois Home Sales Down as Prices Continue to Rise
Report: 6% of Sellers Risk Offloading Their Homes Below the Purchase Price
“The longer someone has owned their home, the more likely they are to come out ahead,” said Redfin Senior Economist Asad Khan. Continue Reading Report: 6% of Sellers Risk Offloading Their Homes Below the Purchase Price
NAR: ‘Cooperative Compensation is Good for Consumers’
NAR Graham Wood said the organization “believes this outcome was unsupported and was largely driven by legally erroneous rulings by the judge.” Continue Reading NAR: ‘Cooperative Compensation is Good for Consumers’
Redfin: Asking Rents Flattened in January
Redfin Chief Economist Daryl Fairweather expected apartment completions to peak this year. Continue Reading Redfin: Asking Rents Flattened in January
Why Are So Many Gen Zers Moving to California?
Nearly 215,000 movers left California in 2022, but the state also recorded a net positive gain of nearly 44,000 Gen Z adults. Continue Reading Why Are So Many Gen Zers Moving to California?
Affordable Homeownership in California Remains at Historic Low
A minimum annual income of $222,800 was needed to make monthly payments of $5,570. Continue Reading Affordable Homeownership in California Remains at Historic Low
Mortgage Credit Availability Inched Up in January
“Overall credit availability remained close to 2012 lows,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Inched Up in January
Mortgage Rates Remain Stagnant
The 30-year fixed-rate mortgage averaged 6.64%, recording a scant uptick from last week when it averaged 6.63% Continue Reading Mortgage Rates Remain Stagnant
86% of Metro Areas Posted Home Price Gains in Q4 2023
The national median single-family existing home price was up by 3.5% from a year ago to $391,700. Continue Reading 86% of Metro Areas Posted Home Price Gains in Q4 2023
MBA: Mortgage Delinquency Rate Inched Up in Q4 2023
The FHA delinquency rate spiked by 131 basis points to 10.81%, the highest level since the third quarter of 2021. Continue Reading MBA: Mortgage Delinquency Rate Inched Up in Q4 2023
NAHB: Housing Affordability Remains Near Historic Low Level
37.7% of new and existing homes sold in the fourth quarter were affordable to families earning the national median income of $96,300. Continue Reading NAHB: Housing Affordability Remains Near Historic Low Level
Harbor Group International Acquires Colorado Multifamily Portfolio
With these acquisitions, the company now owns 10 real estate assets in Colorado. Continue Reading Harbor Group International Acquires Colorado Multifamily Portfolio
