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
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
Mortgage Application Activity Rebounds with 11% Upswing
The seasonally adjusted Purchase Index increased 11% from one week earlier while the unadjusted index was 12% higher. Continue Reading Mortgage Application Activity Rebounds with 11% Upswing
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
Manhattan Average Rents Set New Record at $5,588 Per Month
“We could see another month of records,” said Jonathan Miller, CEO of Miller Samuel. Continue Reading Manhattan Average Rents Set New Record at $5,588 Per Month
The Housing Seesaw: Home Sales Sink While Prices Remain Elevated
NAR recorded the national median single-family existing-home price at $402,600, down 2.4% from one year ago. Continue Reading The Housing Seesaw: Home Sales Sink While Prices Remain Elevated
MBA: Mortgage Application Volume Down 3.1%
The Refinance Index fell by 4% from the previous week and was 37% lower than the same week one year ago. Continue Reading MBA: Mortgage Application Volume Down 3.1%
Lower Mortgage Delinquency Rates on Hurricane-Impacted Homes with Modern Building Codes
“Modern building codes provide stability when weather-related disasters occur,” said CoreLogic’s Tanya Havlicek. Continue Reading Lower Mortgage Delinquency Rates on Hurricane-Impacted Homes with Modern Building Codes
Rudy Giuliani Lists His NYC Apartment at $6.5 Million
Giuliani purchased the 10th floor co-op apartment in 2002 for $4.8 million. Continue Reading Rudy Giuliani Lists His NYC Apartment at $6.5 Million
One-Third of Apartments in Adaptive Reuse Projects Came from Office Buildings
“Creative approaches are increasingly being sought to deliver net new affordable homes,” said Yardi Matrix’s Doug Ressler. Continue Reading One-Third of Apartments in Adaptive Reuse Projects Came from Office Buildings
Judge Dismisses Airbnb Lawsuit Against NYC Over Short-Term Rental Rules
Theo Yedinsky, global policy director for Airbnb, stated the city’s rules were “a blow to its tourism economy.” Continue Reading Judge Dismisses Airbnb Lawsuit Against NYC Over Short-Term Rental Rules
Survey: Most Californians Favor Easing Environmental Restrictions to Build More Housing
The Bay Area was the only section of the state where most respondents favored maintaining restrictions. Continue Reading Survey: Most Californians Favor Easing Environmental Restrictions to Build More Housing
