U.S. Housing Market Updates
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Mortgage Rates Dip, Homebuyer Affordability Up Slightly
The national median payment applied for by purchase applicants dropped to $2,172 from $2,211 in May. Continue Reading Mortgage Rates Dip, Homebuyer Affordability Up Slightly
Tri Pointe Homes Opens First Community in Utah
The company plans to create four additional communities across Salt Lake, Utah, and Wasatch counties. Continue Reading Tri Pointe Homes Opens First Community in Utah
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Roughly One-Third of Non-Homeowners Don’t Expect to Buy a Home in the Next Five Years
72% of respondents said it is a bad time to buy a house and 26% say it is a good time. Continue Reading Roughly One-Third of Non-Homeowners Don’t Expect to Buy a Home in the Next Five Years
Lennar Opens New 55+ Master-Planned Community in South Carolina
Pricing ranges from the mid $300,000s to low $600,000s. Continue Reading Lennar Opens New 55+ Master-Planned Community in South Carolina
No Laughing Matter: Jim Carrey Cuts Price Again on LA Estate
Carrey acquired the property in 1994 for $3.8 million and listed it in February 2023 for nearly $29 million. Continue Reading No Laughing Matter: Jim Carrey Cuts Price Again on LA Estate
WalletHub’s Best State To Live In Is…
Utah had the lowest average of weekly work hours while Alaska had the highest. Continue Reading WalletHub’s Best State To Live In Is…
California’s Housing Affordability Level at 16-Year Low
Lassen County required the lowest minimum qualifying income ($62,400) for purchasing a median-priced home. Continue Reading California’s Housing Affordability Level at 16-Year Low
Hits and Misses for the Real Estate Week of Aug. 7-11
Out-of-control rent prices, a fine that Elon Musk isn’t paying and a Chinese property developer on the skids. Continue Reading Hits and Misses for the Real Estate Week of Aug. 7-11
Redfin: 1 in 10 Homes are Worth $1 Million or More
Redfin noted there are “essentially no million-dollar homes in several inexpensive metros, including parts of Texas and upstate New York.” Continue Reading Redfin: 1 in 10 Homes are Worth $1 Million or More
Mid-Atlantic Region’s Median Home Price at $400,000
The Maryland/West Virginia Panhandle’s median price of $295,000 was the highest recorded for the region. Continue Reading Mid-Atlantic Region’s Median Home Price at $400,000
Truist Allocates $15 Million to Fund Affordable Housing in North Carolina
The new housing impact fund will focus its investments on apartment communities that are vulnerable to gentrification. Continue Reading Truist Allocates $15 Million to Fund Affordable Housing in North Carolina
Proptech RentRedi Acquires Two Property Management Platforms
The founder of the two acquired companies, Rick Sands, will become RentRedi’s head of payments. Continue Reading Proptech RentRedi Acquires Two Property Management Platforms
Wells Fargo Launches Down Payment Grant Program
The grants are being allocated under the company’s Special Purpose Credit Program. Continue Reading Wells Fargo Launches Down Payment Grant Program
Hawaiian Wildfires Kill 36, Destroy More Than 270 Structures
The fire consumed much of Maui’s historic Front Street, a popular site featuring retail stores, bars and restaurants. Continue Reading Hawaiian Wildfires Kill 36, Destroy More Than 270 Structures
Mortgage Rates Rise For Third Straight Week
The 30-year fixed-rate mortgage averaged 6.96% as of Aug. 10, up from last week when it averaged 6.90%. Continue Reading Mortgage Rates Rise For Third Straight Week
