U.S. Housing Market Updates
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New Data Reports Affirm Home Prices Are Still on the Rise
The FHFA reported second quarter house prices were up year-over-year in 46 states. Continue Reading New Data Reports Affirm Home Prices Are Still on the Rise
Arizona Couple Sued for Running Foreclosure Rescue Schemes
Edward Trenton Albarracin and Gretchen Marie Zamjahn operated more than 50 fraudulent entities. Continue Reading Arizona Couple Sued for Running Foreclosure Rescue Schemes
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Mortgage Rates Remain Mostly Flat
The 30-year fixed-rate mortgage averaged 6.84% as of June 12. Continue Reading Mortgage Rates Remain Mostly Flat
Report: 28% of Homes Now Selling Above Asking Price
At the same time, new listings are up 5.2% year-over-year. Continue Reading Report: 28% of Homes Now Selling Above Asking Price
Belwood Investments Offers Fractional Real Estate Investment in Palm Springs
Belwood Investments said it was raising $250,000 from investors to complete the renovations, with an estimated ROI of 45%. Continue Reading Belwood Investments Offers Fractional Real Estate Investment in Palm Springs
CFPB and DOJ Sue Texas Developer Colony Ridge, Alleging Illegal Land Sales
Colony Ridge allegedly sold flood-prone land without water, sewer or electrical infrastructure to unsuspecting families. Continue Reading CFPB and DOJ Sue Texas Developer Colony Ridge, Alleging Illegal Land Sales
Developer Proposes 134-Story Apartment Tower for Oklahoma City
If constructed, the tower would be the second tallest U.S. building. Continue Reading Developer Proposes 134-Story Apartment Tower for Oklahoma City
Mortgage Application Activity Trends Downward
The Refinance Index decreased 2% from the previous week, although it was 18% higher than the same week one year ago. Continue Reading Mortgage Application Activity Trends Downward
Existing Homes Sales Up for First Time in 5 Months
First-time buyers were responsible for 31% of sales in November. Continue Reading Existing Homes Sales Up for First Time in 5 Months
$256 Million in Financing Closed for Mixed-Use Affordable Housing Project in Brooklyn
The project was designed by Bernheimer Architecture and is expected to be completed by June 2026. Continue Reading $256 Million in Financing Closed for Mixed-Use Affordable Housing Project in Brooklyn
Fannie Mae Forecasts Home Sales and Mortgage Origination Recovery in 2024
Current problems including affordability challenges, the lock-in effect, and a lack of homes available for sale are expected to persist. Continue Reading Fannie Mae Forecasts Home Sales and Mortgage Origination Recovery in 2024
California Home Sales Plummet to 16-Year Low
Nearly two-thirds (31) of the state’s 50 counties registered declines in active listings from last year. Continue Reading California Home Sales Plummet to 16-Year Low
21.8% Increase in New Home Purchase Mortgage Applications
The average loan size for new homes decreased from $390,225 in October to $390,049 in November. Continue Reading 21.8% Increase in New Home Purchase Mortgage Applications
Housing Starts Surged in November
Single‐family authorizations in November were at a rate of 976,000, a 0.7% uptick from the revised October figure of 969,000. Continue Reading Housing Starts Surged in November
A Phil Hall Op-Ed: What Will 2024 Offer Us?
Editor Phil Hall offers a few predictions on the state of the economy and housing world in 2024. Continue Reading A Phil Hall Op-Ed: What Will 2024 Offer Us?
