U.S. Housing Market Updates
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Refinancing Surge Fuels Rise in Mortgage Application Activity
The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 10.9% on a seasonally adjusted basis from one week earlier. Continue Reading Refinancing Surge Fuels Rise in Mortgage Application Activity
California Home Affordability Improves Slightly From One Year Ago
For the state’s condo/townhome markets, only 25% of homebuyers were able to purchase those $670,000 median-priced residences. Continue Reading California Home Affordability Improves Slightly From One Year Ago
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
$16.9 Million Allocated for Virginia Workforce Housing Investment Program
The program aims to increase the workforce housing supply in areas that have new or expanding businesses. Continue Reading $16.9 Million Allocated for Virginia Workforce Housing Investment Program
Listings Featuring Swimming Pools at an All-Time High
Realtor.com acknowledged that homes with pools are generally larger than those without. Continue Reading Listings Featuring Swimming Pools at an All-Time High
Pennsylvania Home Sales Up 11%
April’s median sales price of $295,000 was up 3.5% month-over-month and up 7% since the beginning of the year. Continue Reading Pennsylvania Home Sales Up 11%
Marcus Ervin Joins DCHFA as SVP of Multifamily Lending
Ervin will serve as the agency’s chief underwriter with responsibilities for developing business opportunities and managing the predevelopment construction pipelines. Continue Reading Marcus Ervin Joins DCHFA as SVP of Multifamily Lending
Mortgage Rates Surge Onward and Upward for Fifth Straight Week
Sam Khater, Freddie Mac’s chief economist, noted, “The good news is that the economy and incomes continue to grow at a solid pace.” Continue Reading Mortgage Rates Surge Onward and Upward for Fifth Straight Week
Home Values in 0.1% Decline During September
31 of the 50 largest metro areas have home values that are higher today versus one year ago. Continue Reading Home Values in 0.1% Decline During September
Foreclosure Filings Up During Q3
ATTOM CEO Rob Barber observed that “some homeowners are still grappling with the pandemic’s financial aftermath or encountering new challenges.” Continue Reading Foreclosure Filings Up During Q3
CFPB and FTC Take Action Against TransUnion Over Rental Background Checks
“Americans across the country were put at risk of wrongful housing denials because TransUnion failed to follow the law,” said CFPB Director Rohit Chopra. Continue Reading CFPB and FTC Take Action Against TransUnion Over Rental Background Checks
Upcoming Episode of ‘Viewpoint’ to Focus on Multifamily Investing
The episode will be in production later this year. Continue Reading Upcoming Episode of ‘Viewpoint’ to Focus on Multifamily Investing
Toll Brothers to Begin Sales on New Florida Development
Construction of the sales center and model homes is underway. Continue Reading Toll Brothers to Begin Sales on New Florida Development
Search by School Feature Added to Zillow App
The feature is currently available on the iOS mobile app and will be on Android platforms by the end of the year. Continue Reading Search by School Feature Added to Zillow App
Slight Uptick in Mortgage Application Activity
“The level of ARM applications increased by 15% over the week,” said MBA’s Joel Kan. Continue Reading Slight Uptick in Mortgage Application Activity
Mortgage Credit Availability Up Slightly in September
“There were more loan programs for ARM loans for borrowers seeking lower initial monthly payments,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Up Slightly in September
