U.S. Housing Market Updates
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Price Premium for New Construction Drops to Record Low
New build list prices declined in 30 of the nation’s 100 largest metros, with the steepest declines in the South. Continue Reading Price Premium for New Construction Drops to Record Low
Multifamily Developer Confidence Up Slightly During Q2
“Multifamily developer confidence and sentiment are showing slight signs of improvement when compared to this time last year,” said Debra Guerrero, chairman of NAHB’s Multifamily Council. Continue Reading Multifamily Developer Confidence Up Slightly During Q2
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Report: Little Change in Real Estate Agent Commissions Since NAR Settlement
For homes that sold for $1 million or more in the first quarter, Redfin found the average buyer’s agent commission was 2.17%. Continue Reading Report: Little Change in Real Estate Agent Commissions Since NAR Settlement
Single-Family Housing Starts Down 2.1%
Single-family housing completions in April were at a rate of 943,000, down 8% from the revised March rate of 1.02 million. Continue Reading Single-Family Housing Starts Down 2.1%
New NAR Study: Housing Affordability Gap Remains in Place
NAR found that households earning $100,000 annually can currently afford only 37.1% of home listings. Continue Reading New NAR Study: Housing Affordability Gap Remains in Place
CrossCountry Mortgage Now Offering Spanish-Language Loan Application
“Our support for the Hispanic community extends well past translated materials,” says Eric Wilson, chief marketing officer. Continue Reading CrossCountry Mortgage Now Offering Spanish-Language Loan Application
RE/MAX in $55 Million Settlement Agreement Over Antitrust Charges
The company added that it would use available cash to pay the settlement amount. Continue Reading RE/MAX in $55 Million Settlement Agreement Over Antitrust Charges
The Metro With the Most Expensive Median Price Per Square Foot Is…
The cities offering the lowest price per square foot are Cleveland ($133), Memphis ($143) and Pittsburgh ($147). Continue Reading The Metro With the Most Expensive Median Price Per Square Foot Is…
Builder Confidence in Single-Family Home Market Drops for Second Straight Month
“High mortgage rates are clearly taking a toll on builder confidence and consumer demand,” said NAHB Chief Economist Robert Dietz. Continue Reading Builder Confidence in Single-Family Home Market Drops for Second Straight Month
A Phil Hall Op-Ed: Existing Home Sales in 2024? Fuggedaboutit!
WRE News editor Phil Hall considers a new survey on home renovations and its potential impact on existing home sales. Continue Reading A Phil Hall Op-Ed: Existing Home Sales in 2024? Fuggedaboutit!
FHFA Seeks Applicants for Affordable Housing Advisory Committee
The Committee is strictly an advisory body and does not have a policymaking role. Continue Reading FHFA Seeks Applicants for Affordable Housing Advisory Committee
The House from the Horror Classic ‘Halloween’ Listed at $1.8 Million
The property’s owners have been known to leave a basket on the porch and prop pumpkin for visitors to pose with. Continue Reading The House from the Horror Classic ‘Halloween’ Listed at $1.8 Million
New Book Helps First-Time Homeowners Adapt to Their Surroundings
“Young couples do not typically have the maintenance knowledge their parents and grandparents did,” said author Marlene Byrne. Continue Reading New Book Helps First-Time Homeowners Adapt to Their Surroundings
Hits and Misses of the Real Estate Week Sept. 11-15
The effort to save Marilyn Monroe’s final home from demolition, credit unions losing ground in mortgage origination and HGTV’s unlikely new series. Continue Reading Hits and Misses of the Real Estate Week Sept. 11-15
60,000 Home Purchase Agreements in August Were Canceled
“New listings have likely bottomed out,” said Redfin’s Chen Zhao. Continue Reading 60,000 Home Purchase Agreements in August Were Canceled
