U.S. Housing Market Updates
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Which States Benefit the Most from Ending Capital Gains Tax on Home Sales?
Mississippi homeowners have the least to gain in this scenario. Continue Reading Which States Benefit the Most from Ending Capital Gains Tax on Home Sales?
Hits and Misses for the Real Estate Week of July 28-Aug. 1
The Fed ignores the president, FICO lobbies Congress, and Grant Cardone needs a CFO. Continue Reading Hits and Misses for the Real Estate Week of July 28-Aug. 1
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Second Home Mortgage Origination at 7-Year Low
Demand for vacation homes is falling fastest in Florida. Continue Reading Second Home Mortgage Origination at 7-Year Low
Mortgage Rates Remain Flat
Sam Khater, Freddie Mac’s chief economist, noted that “rates are lower and have remained stable for weeks.” Continue Reading Mortgage Rates Remain Flat
NAR: Q1 Home Prices Up in 83% of Metro Markets
“Most metro markets continue to set new record highs for home prices,” said NAR Chief Economist Lawrence Yun. Continue Reading NAR: Q1 Home Prices Up in 83% of Metro Markets
Cindy Chance Named CEO at The Appraisal Institute
Chance replaces Jim Amorin, who stepped down last November. Continue Reading Cindy Chance Named CEO at The Appraisal Institute
Rent Prices Continue Downward Trend
Miami was the least affordable rental market, where renters would have spent 44.2% of their monthly paycheck on the typical rental. Continue Reading Rent Prices Continue Downward Trend
Hits and Misses for the Real Estate Week of Aug. 14-18
Warren Buffett’s investment in homebuilding stocks, a derelict home offered to buyers for a dollar, and a halt to construction on a San Francisco tower. Continue Reading Hits and Misses for the Real Estate Week of Aug. 14-18
RE/MAX: July Home Sales Down 14.7% From June
Only Kansas City recorded a year-over-year new listings uptick at 1.8%. Continue Reading RE/MAX: July Home Sales Down 14.7% From June
Bobby Flay Cooks Up $3.3 Million Listing for Saratoga Springs Vacation Home
The celebrit chef acquired the property in 2021 for $1.7 million. Continue Reading Bobby Flay Cooks Up $3.3 Million Listing for Saratoga Springs Vacation Home
Michigan House Listed for Sale at $1 – Seriously, $1
“This home is not just a house — it’s a ticket to the real estate adventure of a lifetime,” said the listing. Continue Reading Michigan House Listed for Sale at $1 – Seriously, $1
CFPB Penalizes Freedom Mortgage and Realty Connect for Kickback Scheme
CFPB Director Rohit Chopra said his agency “will be vigilant in rooting out anti-competitive behavior that interferes with consumers’ ability to choose financial products and services.” Continue Reading CFPB Penalizes Freedom Mortgage and Realty Connect for Kickback Scheme
Mortgage Rates Top 7%, Highest Level in Over 20 Years
The 30-year fixed-rate mortgage averaged 5.13% one year ago. Continue Reading Mortgage Rates Top 7%, Highest Level in Over 20 Years
New Construction Accounts for One-Third of Listed Single-Family Homes
The portion of new homes within the total inventory is nearly double the pre-pandemic share of about 17% in the second quarter of 2019. Continue Reading New Construction Accounts for One-Third of Listed Single-Family Homes
California Home Prices Record First Year-Over-Year Uptick Since October
The statewide median price was $832,340 last month, a scant 0.2% uptick from a revised $830,870 one year ago. Continue Reading California Home Prices Record First Year-Over-Year Uptick Since October
