U.S. Housing Market Updates
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Honolulu City Council Considers Property Tax Relief Measures
Budget and Fiscal Services Director Andy Kawano warned that these measures could result in lost revenue that is not easily replaced. Continue Reading Honolulu City Council Considers Property Tax Relief Measures
Mortgage Rates Remain Flat
Fannie Mae predictied mortgage rates will end 2025 and 2026 at 6.4% and 6.0%, respectively. Continue Reading Mortgage Rates Remain Flat
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Houston’s ‘Darth Vader House’ Sells for $3.4 Million
The property has been on and off the market for the last three years. Continue Reading Houston’s ‘Darth Vader House’ Sells for $3.4 Million
Obama’s Former Martha’s Vineyard Rental Listed at $39 Million
The Obamas rented the property during the summers of 2009, 2010 and 2011 at $50,000 per week. Continue Reading Obama’s Former Martha’s Vineyard Rental Listed at $39 Million
Hits and Misses for the Real Estate Week of April 21-25
This week’s Hits and Misses feature homebuyers who regret their purchase, a new approach to data center development, and another attempt to combat homelessness. Continue Reading Hits and Misses for the Real Estate Week of April 21-25
Stephen Sondheim’s Manhattan Townhome Listed for $7 Million
The property was built in 1899 and served as Sondheim’s home since 1959. Continue Reading Stephen Sondheim’s Manhattan Townhome Listed for $7 Million
MBA: Mortgage Application Activity Up Slightly
The MBA also reported a scant 0.1% rise in its Mortgage Credit Availability Index for June, to a level of 96.6. Continue Reading MBA: Mortgage Application Activity Up Slightly
Zillow: Home Values at New Record High
Housing inventory was up 2.4% from May to June but was 28% lower on a year-over-year measurement. Continue Reading Zillow: Home Values at New Record High
CrossCountry Mortgage Creates New SVP Position Focused on Affordable Homeownership
Separately, CCM’s promoted Glen Lemeshev to chief revenue officer. Continue Reading CrossCountry Mortgage Creates New SVP Position Focused on Affordable Homeownership
The Best and Worst Cities for Rental Housing Are…
Cheyenne, Wyoming, has the lowest median annual gross rent divided by median annual household income at 15.39%. Continue Reading The Best and Worst Cities for Rental Housing Are…
Realtors: Lack of Housing Inventory is Main Reason Buyers Are Not Buying
The median gross income for realtors increased to $56,400 in 2022, up from $54,300 in 2021. Continue Reading Realtors: Lack of Housing Inventory is Main Reason Buyers Are Not Buying
CoreLogic: Annual Home Price Growth at Lowest Rate in 11 Years
Miami posted the highest year-over-year home price increase of the country’s 20 tracked metro areas in May at 11.8%. Continue Reading CoreLogic: Annual Home Price Growth at Lowest Rate in 11 Years
A Phil Hall Op-Ed: Is TikTok the Right Platform for Real Estate Sales?
It doesn’t help that nearly all of the media coverage of TikTok-based real estate professionals highlights extraordinary success stories. Continue Reading A Phil Hall Op-Ed: Is TikTok the Right Platform for Real Estate Sales?
Black Knight’s Home Price Index Hits New Record High
“There is no doubt that the housing market has reignited from a home price perspective,” said Black Knight Vice President of Enterprise Research Andy Walden. Continue Reading Black Knight’s Home Price Index Hits New Record High
Treasury Dept.’s Homeowner Assistance Fund Distributed $1.2 Billion in Q1
Demographically, 35% of homeowners assisted self-identified as Black, 23% self-identified as Hispanic/Latino and 59% self-identified as female. Continue Reading Treasury Dept.’s Homeowner Assistance Fund Distributed $1.2 Billion in Q1
