U.S. Housing Market Updates
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How Sweet It Is! Jackie Gleason’s UFO-Inspired Home Listed for $5.5 Million
Completed in 1959 and nicknamed “The Mothership,” the 7,000-square-foot roundhouse design took five years to construct with a no-expense-spared budget. Continue Reading How Sweet It Is! Jackie Gleason’s UFO-Inspired Home Listed for $5.5 Million
Existing Home Sales Up 2%
The $422,400 median existing-home price for all housing types last month was up by 0.2% from the $421,400 price set one year ago, Continue Reading Existing Home Sales Up 2%
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Reynolds Asset Management Acquires 2 Cleveland Multifamily Communities for $30.6 Million
Park Lamont and The Lumos were completed in 2024. Continue Reading Reynolds Asset Management Acquires 2 Cleveland Multifamily Communities for $30.6 Million
Elevate Community, a Missouri Tiny Home Development, Receives First Residences
The new development recently marked the arrival of the first six tiny homes and more than $5 million in public and private funding to start construction. Continue Reading Elevate Community, a Missouri Tiny Home Development, Receives First Residences
Beeline Launches Stablecoin-Backed Home Equity Product
Beta transactions starting this month and an official rollout is scheduled for late July. Continue Reading Beeline Launches Stablecoin-Backed Home Equity Product
Monthly Mortgage Payment Average Continues to Decline
Redfin attributed this decline to the continued downturn in mortgage rates from its high of 7.79% in October. Continue Reading Monthly Mortgage Payment Average Continues to Decline
Stephen Sondheim’s NYC Townhome Sells for $7 Million Asking Price
Two offers were made on the property since it was listed last July. Continue Reading Stephen Sondheim’s NYC Townhome Sells for $7 Million Asking Price
Mortgage Rates Down for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 7.22% as of Nov. 30, down from last week when it averaged 7.29%. Continue Reading Mortgage Rates Down for Fifth Straight Week
FHA Proposes Changes to 203(k) Program
Feedback is being welcomed via the FHA’s website through Jan. 5, 2024. Continue Reading FHA Proposes Changes to 203(k) Program
Zillow Predicts Some Easing in Inventory and Affordability for 2024 Housing Market
Zillow predicts the cost of home buying to “level off next year, with the possibility of costs falling if mortgage rates do.” Continue Reading Zillow Predicts Some Easing in Inventory and Affordability for 2024 Housing Market
Ground Breaking on New DC-Area Apartment Complex
The first units are projected to deliver in the fourth quarter of 2025, with final completion in early 2026. Continue Reading Ground Breaking on New DC-Area Apartment Complex
Q3 Mortgage Originations Down 3% From Previous Quarter
On a year-over-year basis, originations were down by 26% from the third quarter of 2022. Continue Reading Q3 Mortgage Originations Down 3% From Previous Quarter
Pending Home Sales at Historic Low Level
“Home sales are rising in places where more inventory is available,” said NAR’s Lawrence Yun. Continue Reading Pending Home Sales at Historic Low Level
New Documentary Series ‘L.O. Confidential’ Focuses on Mortgage Originators
The Fairway Independent Mortgage Corp. production is now on YouTube. Continue Reading New Documentary Series ‘L.O. Confidential’ Focuses on Mortgage Originators
BMO Expands Welcome Home Grant Program to California
“The Welcome Home Grant program removes barriers to homeownership for low- to moderate-income and minority communities,” said BMO Vice Chairman Eric Smith. Continue Reading BMO Expands Welcome Home Grant Program to California
