U.S. Housing Market Updates
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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
Three Out of Four Metro Areas Saw Q2 Home Price Increases
The national median single-family existing-home price reached a record high at $429,400. Continue Reading Three Out of Four Metro Areas Saw Q2 Home Price Increases
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Mortgage Application Activity Slows Down
The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 5.1% on a seasonally adjusted basis from one week earlier. Continue Reading Mortgage Application Activity Slows Down
Zillow Announces Timeline for New Listing Standards
The Seattle-headquartered company announced the standards will go into effect on May 28. Continue Reading Zillow Announces Timeline for New Listing Standards
New Reports Highlight Michigan’s Affordable Homeownership and Power Outages
Michigan recorded over 12,000 major power outage events and more than 34,000 hours per year without electricity between 2019 and 2023. Continue Reading New Reports Highlight Michigan’s Affordable Homeownership and Power Outages
Study: 81% of U.S. Real Estate Firms are Single-Office Operations
Only 30% of firms expect profitability or net income from all real estate activities to increase this year. Continue Reading Study: 81% of U.S. Real Estate Firms are Single-Office Operations
John Cady Named President of Citywide Home Loans
“The company is the perfect mix of culture, service and programs that many mortgage professionals have been looking for,” said Cady. Continue Reading John Cady Named President of Citywide Home Loans
Nearly 5.5 Million Homes Are Vacant Across the Largest Metro Areas
The average vacancy rate across the 50 largest U.S. metros is 7.22%. Continue Reading Nearly 5.5 Million Homes Are Vacant Across the Largest Metro Areas
Mortgage Applications Plunge to 27-Year Low
Among the federal programs, the FHA share of total applications increased to 14.5% from 14.1% the week prior. Continue Reading Mortgage Applications Plunge to 27-Year Low
August Saw the 139th Consecutive Month of Year-Over-Year Home Price Increases
The median sales price for a single-family home remained at $375,000 in August. Continue Reading August Saw the 139th Consecutive Month of Year-Over-Year Home Price Increases
Fannie Mae in Data Partnership with Pulsenomics
Terry Loebs, founder of Pulsenomics, said this partnership is “the opening of an exciting new chapter in the life of our nearly 15-year survey research effort.” Continue Reading Fannie Mae in Data Partnership with Pulsenomics
Onward Home Mortgage, a New Company, Begins Operations
The company is headquartered in Roswell, Georgia and specializes in residential purchase mortgage lending. Continue Reading Onward Home Mortgage, a New Company, Begins Operations
RentSpree’s New Credit Builder Reports On-Time Rent Payments to Credit History
RentSpree facilitates secure online rent payments that can automatically be reported to TransUnion. Continue Reading RentSpree’s New Credit Builder Reports On-Time Rent Payments to Credit History
Sales Launch at NYC’s Giorgio Armani Residences
This is the first residential offering in Manhattan where Armani personally guided the interior design. Continue Reading Sales Launch at NYC’s Giorgio Armani Residences
WNC Raises $350 Million in Institutional LIHTC Equity
The equity will fund 2,100 residential units in 14 states. Continue Reading WNC Raises $350 Million in Institutional LIHTC Equity
