U.S. Housing Market Updates
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Mortgage Rates at 10-Month Low
“Purchase application activity is improving as borrowers take advantage of the decline in mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates at 10-Month Low
Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year
Most of the international buyers of Texas houses came from Mexico (30%), followed by Canada and China (each at 8%), India (7%), and Nigeria (6%). T Continue Reading Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Office-to-Residential Conversion Approved on 5 Times Square, Former NYC HQ of Ernst & Young
Construction is expected to start in the third quarter of this year, with the first phase anticipated to be completed in 2027. Continue Reading Office-to-Residential Conversion Approved on 5 Times Square, Former NYC HQ of Ernst & Young
Hits and Misses for the Real Estate Week of May 19-23
An unholy misuse of eminent domain, a ritzy Los Angeles mansion with a significant stigma, and a Maine broker running for governor. Continue Reading Hits and Misses for the Real Estate Week of May 19-23
New Home Sales Surged in April
The median sales price of new houses sold in April was $407,200. Continue Reading New Home Sales Surged in April
Federal Regulators Prepping Update to CRA
“We are still reviewing the nearly 1,500-page final rule released today,” said American Bankers Association President and CEO Rob Nichols. Continue Reading Federal Regulators Prepping Update to CRA
Study: Home Down Payment Averages Nearly $85,000
California had the three metros with the highest down payments averages. Continue Reading Study: Home Down Payment Averages Nearly $85,000
261-Unit Apartment Community Planned for Fort Worth Area
ASD anticipates that Range West will be completed by the second quarter of 2025. Continue Reading 261-Unit Apartment Community Planned for Fort Worth Area
First 3D-Printed Home to be Built in Newport News
The new home is approximately 1,200 square feet with three bedrooms and two bathrooms. Continue Reading First 3D-Printed Home to be Built in Newport News
Bronx Mixed-Use Project to Offer Housing and Hip Hop Museum
Bronx Point will also feature retail and an early childhood space. Continue Reading Bronx Mixed-Use Project to Offer Housing and Hip Hop Museum
16.3% of Home Purchase Agreements Were Canceled in September
In comparison, 15.2% of home purchase agreements were canceled in August. Continue Reading 16.3% of Home Purchase Agreements Were Canceled in September
Median Rent Prices Decline for Fifth Straight Month
“It’s become more economical to rent than to buy in nearly all major markets,” said Danielle Hale, chief economist at Realtor.com. Continue Reading Median Rent Prices Decline for Fifth Straight Month
Zillow Updates Design for Website and App
“The new design delivers a fun and efficient way to browse homes on the Zillow website,” said Jenny Arden, chief design officer at Zillow. Continue Reading Zillow Updates Design for Website and App
Hits and Misses for the Real Estate Week of Oct. 16-20
A Chinese agtech company is kicked out of Arkansas, a Fed officer feels your pain and a wild new building becomes a Las Vegas landmark. Continue Reading Hits and Misses for the Real Estate Week of Oct. 16-20
Q3 Home Prices in Texas Down 1.5% From One Year Earlier
Active listings increased 15.2% in the third quarter compared to the same period in the previous year. Continue Reading Q3 Home Prices in Texas Down 1.5% From One Year Earlier
