U.S. Housing Market Updates
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Q2 Mortgage Delinquency Rate Down Slightly
The delinquency rate was down 11 basis points from the first quarter and down 4 basis points from the second quarter of 2024. Continue Reading Q2 Mortgage Delinquency Rate Down Slightly
Building Permits for Apartments Down 23% Since the Pandemic Construction Boom
San Jose led the nation with the greatest median asking rent increase – 8.8% year-over-year in July to $3,569. Continue Reading Building Permits for Apartments Down 23% Since the Pandemic Construction Boom
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Housing Inventory Up 30.6%, a New Post-Pandemic High
A greater choice of homes for sale did not translate into a surge in homebuying. Continue Reading Housing Inventory Up 30.6%, a New Post-Pandemic High
Illinois Home Sales Decline While Housing Inventory Grows
For the nine-county Chicago metro area, a total of 7,857 homes were sold last month, down 4.2% from April 2024. Continue Reading Illinois Home Sales Decline While Housing Inventory Grows
Alabama Home Sales Dropped in April
The median sales price of $224,967 marked a 2.2% monthly decrease ($5,033) and an annual increase of 13.3% from the $198,486 price recorded one year earlier. Continue Reading Alabama Home Sales Dropped in April
New York State Home Sales Down 22.5%
nventory of homes for sale dropped 24% across the state, from 38,082 homes in September 2022 to just 28,943 units available last month. Continue Reading New York State Home Sales Down 22.5%
Need to Give a Wedding Present? How About ‘Home Funds’?
“Home funds were one of the most popular wedding registry cash funds on The Knot in 2022,” said Esther Lee, deputy editor of The Knot. Continue Reading Need to Give a Wedding Present? How About ‘Home Funds’?
Prefab Housing Provider Connect Homes to Open Arizona Factory
The factory will be capable of manufacturing up to 5,000 square feet of housing per week. Continue Reading Prefab Housing Provider Connect Homes to Open Arizona Factory
Profit Margins on Home Sales Up During Q3
This represented the second straight quarterly increase following several declines. Continue Reading Profit Margins on Home Sales Up During Q3
Ameris Bank in $9 Million Settlement Over Redlining Charges
“We strongly disagree with any suggestion that we have engaged in discriminatory conduct,” said Palmer Proctor, CEO of Ameris. Continue Reading Ameris Bank in $9 Million Settlement Over Redlining Charges
Mortgage Rates Surge Higher (Again)
“Mortgage rates continued to approach 8% this week, further impacting affordability,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Surge Higher (Again)
Pennsylvania Home Sales Down 21% Year-Over-Year
The median home sale price decreased for the third month in a row, down 3% from August to $216,249 in September. Continue Reading Pennsylvania Home Sales Down 21% Year-Over-Year
Florida Home Sales and Prices Begin to Stabilize
In September, the statewide median sales price for single-family existing homes was $409,243. Continue Reading Florida Home Sales and Prices Begin to Stabilize
Builder Confidence Grows Increasingly Pessimistic
“Builders have reported lower levels of buyer traffic,” said NAHB Chairman Alicia Huey, Continue Reading Builder Confidence Grows Increasingly Pessimistic
Existing Homes Sales Down During September
First-time buyers were responsible for 27% of sales in September, down from 29% in the prior month and one year earlier. Continue Reading Existing Homes Sales Down During September
