U.S. Housing Market Updates
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Report: Global Buyers Acquired Nearly Half of South Florida New Construction Units
Roughly 86% of the global sales of South Florida new construction properties were made by Latin Americans. Continue Reading Report: Global Buyers Acquired Nearly Half of South Florida New Construction Units
Sen. Warren Leads Lawmakers in Questioning Pulte’s Cryptocurrency Directive to GSEs
The senators also expressed displeasure over Pulte’s conflict of interest in this directive. Continue Reading Sen. Warren Leads Lawmakers in Questioning Pulte’s Cryptocurrency Directive to GSEs
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Pending Home Sales Jump by 6.1%
Year-over-year, pending transactions were down by a mild 0.6%. Continue Reading Pending Home Sales Jump by 6.1%
The Best Months for Selling a Home Are…
As for the best days of the year to sell a home, ATTOM concluded May 27 was the top choice on the calendar. Continue Reading The Best Months for Selling a Home Are…
Mortgage Application Activity Remains Weak
The seasonally adjusted Purchase Index was down by 4% from one week earlier while the unadjusted index fell 3%. Continue Reading Mortgage Application Activity Remains Weak
NAR: Existing Home Sales Down in June
The median existing-home price for all housing types in June was $410,200, the second-highest price of all time. Continue Reading NAR: Existing Home Sales Down in June
Q2 Profit Margins on Home Sales Reach Nearly 48%
ATTOM CEO Rob Barber said seller profits were “back up to nearly their highest level in the past decade.” Continue Reading Q2 Profit Margins on Home Sales Reach Nearly 48%
New York State’s Housing Market Remains Weak
Closed sales totaled 10,186 last month, down 22.2% from the 13,095 sales in June 2022. Continue Reading New York State’s Housing Market Remains Weak
Texas Q2 Median Home Price Down 3.1%
The second quarter saw fewer closed sales – 96,541, a 10.8% year-over-year decline. Continue Reading Texas Q2 Median Home Price Down 3.1%
Timothy Saunders Named Chief Legal Officer at Angel Oak Companies
He was previously general counsel and chief compliance officer at Reverence Capital Partners. Continue Reading Timothy Saunders Named Chief Legal Officer at Angel Oak Companies
Redfin: 1% of US Homes Changed Hands Year-to-Date
“The typical home is selling for about 40% more than before the pandemic,” said Chief Economist Taylor Marr. Continue Reading Redfin: 1% of US Homes Changed Hands Year-to-Date
Refinancing Fuels Uptick in Mortgage Application Activity
According to MBA’s estimate, 220,000 homeowners are in forbearance plans. Continue Reading Refinancing Fuels Uptick in Mortgage Application Activity
Housing Starts Down During June
Single‐family authorizations in June were at a rate of 922,000, up 2.2% from the revised May figure of 902,000. Continue Reading Housing Starts Down During June
Builder Confidence Up for Seventh Straight Month
Only 22% of builders reported cutting prices in July, down from 25% in June and 27% in May. Continue Reading Builder Confidence Up for Seventh Straight Month
The Best and Worst Cities for First-Time Home Buyers Are…
Honolulu has the lowest real estate tax rate at 0.30%, while the highest is in Waterbury, Connecticut, at 3.59%. Continue Reading The Best and Worst Cities for First-Time Home Buyers Are…
