U.S. Housing Market Updates
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REMAX: Homes Sales Steady, But Taking Longer to Sell
The median sales price in July was $450,000, down 1.1% from June. Continue Reading REMAX: Homes Sales Steady, But Taking Longer to Sell
New Joint Venture to Develop Charlotte-Area Townhome Rental Community
The project is expected to be completed by August 2027. Continue Reading New Joint Venture to Develop Charlotte-Area Townhome Rental Community
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Listings Go Live at Brooklyn’s Tallest Residential Tower
The Brooklyn Tower features 143 luxury condominiums available for immediate occupancy. Continue Reading Listings Go Live at Brooklyn’s Tallest Residential Tower
Foreign Interest in US Housing Continues to Rise, But Not Among Canadians
Austin and San Antonio attracted new levels of attention in the first quarter. Continue Reading Foreign Interest in US Housing Continues to Rise, But Not Among Canadians
Platform Ventures Launches Multifamily Development Unit
The company “believes multifamily housing offers a blend of stability, income generation, and long-term growth potential.” Continue Reading Platform Ventures Launches Multifamily Development Unit
Builder Confidence Mixed in Market for New Multifamily Housing
“High operating costs are creating problems for existing properties, especially affordable properties,” said Lance Swank, chairman of NAHB’s Multifamily Council. Continue Reading Builder Confidence Mixed in Market for New Multifamily Housing
Housing Starts Inched Up in October
Single‐family housing completions in October were down 0.9% from the revised September rate of 1 million. Continue Reading Housing Starts Inched Up in October
New Home Purchase Applications Up Nearly 40% in October
The average loan size for new homes decreased from $397,550 in September to $390,225 in October. Continue Reading New Home Purchase Applications Up Nearly 40% in October
Builder Confidence Down for Fourth Consecutive Month
NAHB is forecasting approximately a 5% increase for single-family starts in 2024. Continue Reading Builder Confidence Down for Fourth Consecutive Month
The Most Expensive ZIP Code Is…
The town’s residents include venture capitalists and billionaires. Continue Reading The Most Expensive ZIP Code Is…
Mortgage Rates Drop for Third Straight Week
The 30-year fixed-rate mortgage averaged 7.44% as of Nov. 16, down from last week when it averaged 7.5%. Continue Reading Mortgage Rates Drop for Third Straight Week
The State with the Highest Average Credit Score Is…
The lowest score was Mississippi’s 672. Continue Reading The State with the Highest Average Credit Score Is…
Younger Buyers Expressing Greater Interest in ‘House Hacking’
Zillow’s Manny Garcia noted that “rental income can step in to help with mortgage qualification and smoothing out those monthly payments.” Continue Reading Younger Buyers Expressing Greater Interest in ‘House Hacking’
Guaranteed Rate Debuts ‘Lock It, List It’ Program for Real Estate Agents
“Lock it, List it” will also be available for high balance mortgages. Continue Reading Guaranteed Rate Debuts ‘Lock It, List It’ Program for Real Estate Agents
Mark Willis Returns as Keller Williams CEO
Willis served as the Austin-based company’s president from 2002 to 2005 and as CEO from 2005 to 2015. Continue Reading Mark Willis Returns as Keller Williams CEO
