U.S. Housing Market Updates
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Las Vegas Housing Inventory Up 31% from Last Year
The typical Las Vegas home sold for $445,000 last month, down 1% from July 2024. Continue Reading Las Vegas Housing Inventory Up 31% from Last Year
Senate Democrats Urge FHFA’s Pulte to Focus on Lowering Housing Costs
“You could demonstrate an actual commitment to improving the everyday lives of the American people,” the senators said. Continue Reading Senate Democrats Urge FHFA’s Pulte to Focus on Lowering Housing Costs
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Mortgage Rates Trickle Lower
The 30-year fixed-rate mortgage averaged 6.81% as of June 18. Continue Reading Mortgage Rates Trickle Lower
Gen Z Accounts for 12% of VA Purchase Loan Market
Gen Z homebuyers using VA loans are most concentrated near large military communities like San Antonio, Virginia Beach, and Colorado Springs. Continue Reading Gen Z Accounts for 12% of VA Purchase Loan Market
PNC Announces $208 Million Affordable Housing Fund
The fund includes investments from PNC and seven other financial services and insurance companies Continue Reading PNC Announces $208 Million Affordable Housing Fund
Ameris Bank Debuts Borrower Assistance Program in Jacksonville
The program follows Ameris Bank’s $9 million settlement last October with the U.S. Department of Justice to resolve redlining allegations. Continue Reading Ameris Bank Debuts Borrower Assistance Program in Jacksonville
Builder Confidence Up by 7 Points
Many builders continue to reduce home prices to boost sales. Continue Reading Builder Confidence Up by 7 Points
Mortgage Applications for New Home Purchases Up 22.2%
The average loan size for new homes increased from $390,049 in November to $405,368 in December. Continue Reading Mortgage Applications for New Home Purchases Up 22.2%
Existing Home Sales Were Down for December
The median existing home price for all housing types in December was $382,600, a year-over-year increase of 4.4%. Continue Reading Existing Home Sales Were Down for December
Mortgage Rates Drop to 8-Month Low
The 30-year fixed-rate mortgage averaged 6.60% as of Jan. 18. Continue Reading Mortgage Rates Drop to 8-Month Low
Study: Renting is More Affordable Than Homeownership in Nearly 90% of Local Markets
Among the 64 markets where median three-bedroom rents require less than one-third of average local wages, 59 are in the Midwest and South. Continue Reading Study: Renting is More Affordable Than Homeownership in Nearly 90% of Local Markets
Housing Starts Down for December
This is down by 8.6% from the revised November figure of 1.12 million. Continue Reading Housing Starts Down for December
California’s Home Sales Remain Near 16-Year Low
California’s statewide median price dipped 0.3% from November’s $822,200 to $819,740 in December. Continue Reading California’s Home Sales Remain Near 16-Year Low
Pennsylvania Home Sales Down 7.2% From Last Year
The median price for the state dipped to $213,699 last month from $218,380 in November, although prices were up 9% from December 2022. Continue Reading Pennsylvania Home Sales Down 7.2% From Last Year
Alec Baldwin Tries to Sell His Mansion on YouTube
The actor is asking roughly $19 million for the Hamptons property. Continue Reading Alec Baldwin Tries to Sell His Mansion on YouTube
