U.S. Housing Market Updates
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New York State Median Home Sale Price Breaks Record High
Closed sales were down from 10,286 homes last year to 10,046 last month, a 2.3% decline. Continue Reading New York State Median Home Sale Price Breaks Record High
Florida Home Sales and Prices Down for July
The statewide median sales price for single-family existing homes in July was $410,000, down 1.7% compared to one year before. Continue Reading Florida Home Sales and Prices Down for July
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Philadelphia’s Historic Wanamaker Building to Undergo Office-to-Residential Conversion
Office space will be preserved on the fourth and fifth floors. Continue Reading Philadelphia’s Historic Wanamaker Building to Undergo Office-to-Residential Conversion
Las Vegas Home Sales Decline Amid Wider Listings
The median price for existing single-family homes in this market was $480,000, unchanged from one year earlier. Continue Reading Las Vegas Home Sales Decline Amid Wider Listings
Mortgage Rates in Mild Decline
The 30-year fixed-rate mortgage averaged 6.85% as of June 5, down from last week when it averaged 6.89%. Continue Reading Mortgage Rates in Mild Decline
Mortgage Application Activity Up 2.8%
The Refinance Index was up by 14% from the previous week and was 10% higher than the same week one year ago. Continue Reading Mortgage Application Activity Up 2.8%
Former NYC Prison to be Repurposed as Affordable Homeownership Complex
New York Gov. Kathy Hochul said the project is part of the state’s goal to “reimagine what’s possible at underutilized jails and prisons.” Continue Reading Former NYC Prison to be Repurposed as Affordable Homeownership Complex
The Top Second Home Market for 2023 Is…
Rhode Island’s Newport County recorded a 64% year-over-year increase in second home transactions, Continue Reading The Top Second Home Market for 2023 Is…
CBC Mortgage Agency Introduces Temporary Rate Buydowns
The new feature functions as either a 2-1 buydown or a 1-0 buydown, lowering the interest in the first years of homeownership. Continue Reading CBC Mortgage Agency Introduces Temporary Rate Buydowns
Study: Mobile Home Values Increased More Than Site-Built Single-Family Homes
The average sales price of new mobile homes sold in the U.S. rose by 77.1% between 2017 and 2022. Continue Reading Study: Mobile Home Values Increased More Than Site-Built Single-Family Homes
Publix Super Markets Charities Donates $10 Million to Southeast Housing Nonprofits
Since 2015, PSMC has donated more than $43 million to nonprofits that build homes and provide emergency shelter and transitional housing. Continue Reading Publix Super Markets Charities Donates $10 Million to Southeast Housing Nonprofits
Jeremy Edmiston Named US Lead for BTR/SFR at Cushman & Wakefield
Based in Dallas, Edmiston and his team oversee a property management portfolio of 9,500 homes and a pipeline of more than 2,500 homes. Continue Reading Jeremy Edmiston Named US Lead for BTR/SFR at Cushman & Wakefield
CoreLogic: Home Prices Up 4.7% in October
CoreLogic projects that annual home price growth will relax to 2.9% by October 2024. Continue Reading CoreLogic: Home Prices Up 4.7% in October
Florida’s Priciest Property Gets Discounted
10 Tarpon Isle is now listed at $187.5 million, down from last year’s $218 million. Continue Reading Florida’s Priciest Property Gets Discounted
Leap Analytics Launches Credit Scoring Model to Improve Risk Assessment
“Traditional credit scoring models were developed decades ago to assess historical patterns in a homeowner’s ability to pay,” said Ashley Bete, Leap’s founder and CEO. Continue Reading Leap Analytics Launches Credit Scoring Model to Improve Risk Assessment
