U.S. Housing Market Updates
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15% of Home Purchase Agreements Fell Through in July
San Antonio led the nation with 730 aborted home-purchase agreements in July, equal to 22.7% of homes that went under contract last month. Continue Reading 15% of Home Purchase Agreements Fell Through in July
Zombie Properties on the Rise
“Vacant and zombie homes can hurt the value of surrounding properties and start a negative spiral in a local housing market,” said Rob Barber, CEO of ATTOM. Continue Reading Zombie Properties on the Rise
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
New Bill Would Eliminate Property Taxes for Maine’s Seniors
Property tax rates in Maine average 1.17%, above the national average of 0.9%. Continue Reading New Bill Would Eliminate Property Taxes for Maine’s Seniors
Report: More Millionaires Are Favoring Rental Housing Over Homeownership
Southern metro areas have seen the most significant growth in wealthy renters. Continue Reading Report: More Millionaires Are Favoring Rental Housing Over Homeownership
Mortgage Application Activity Slows for Third Straight Week
Among the federal programs, the FHA share of total applications increased to 18.7% from 17.9% the week prior. Continue Reading Mortgage Application Activity Slows for Third Straight Week
JZZ Technologies Closes Acquisition of Oxygen Mortgage
“I couldn’t be any more excited about joining with JZZ Technologies,” said Oxygen Mortgage President and CEO Rob Egeland. Continue Reading JZZ Technologies Closes Acquisition of Oxygen Mortgage
Team Led by ‘Bachelor’ Star and Ex-Cop Joins The Real Brokerage
Jason Mesnick starred on the thirteenth season of the ABC series “The Bachelor.” Continue Reading Team Led by ‘Bachelor’ Star and Ex-Cop Joins The Real Brokerage
Will 2024 Be the Year of Affordable Homeownership?
Realtor.com is forecasting average mortgage rates of 6.8% in 2024, with rates edging down over the year to reach 6.5% by the end of the year. Continue Reading Will 2024 Be the Year of Affordable Homeownership?
Mortgage Application Activity Rises Slightly
The seasonally adjusted Purchase Index was up 5% from one week earlier, but the unadjusted index dropped by 31%, Continue Reading Mortgage Application Activity Rises Slightly
FHFA Increases Conforming Loan Limits Values for 2024
Special statutory provisions establish different loan limits for Alaska, Hawaii, Guam, and the U.S. Virgin Islands. Continue Reading FHFA Increases Conforming Loan Limits Values for 2024
Citing Handwritten Will, Judge Awards Aretha Franklin’s Real Estate to Three Sons
Franklin wrote the will in longhand in 2014. Continue Reading Citing Handwritten Will, Judge Awards Aretha Franklin’s Real Estate to Three Sons
CFPB Fines Bank of America $12 Million Over HMDA Violations
“Bank of America violated a federal law that thousands of mortgage lenders have routinely followed for decades,” said CFPB Director Rohit Chopra Continue Reading CFPB Fines Bank of America $12 Million Over HMDA Violations
LendSure Mortgage Debuts Profit & Loss Loan Program
The program is designed for business owners and self-employed investors with fluctuating seasonal income or cash businesses. Continue Reading LendSure Mortgage Debuts Profit & Loss Loan Program
Survey: Most Americans Think a Housing Crash Could Happen Next Year
Half of homeowner respondents said their current rate is keeping them in their houses. Continue Reading Survey: Most Americans Think a Housing Crash Could Happen Next Year
Home Prices Up Again in Case-Shiller, FHFA Data Reports
FHFA’s Dr. Anju Vajja said third quarter prices were “appreciating more than in each of the previous four quarters.” Continue Reading Home Prices Up Again in Case-Shiller, FHFA Data Reports
