U.S. Housing Market Updates
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New Single-Family Home Sales Up Slightly During June
Sales of new single-family houses in were at a seasonally adjusted annual rate of 627,000 during June, according to estimates released by the US Census Bureau and the Department of Housing and Urban Development. The sales activity is a mild 0.6% rise above the May...
Home Sale Profits Up Slightly During Q2
In pure dollar figures, the large metro areas with the highest typical profit on a home sale were all on the West Coast. Continue Reading Home Sale Profits Up Slightly During Q2
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Report: California’s Housing Affordability Gap Remains Wide for Blacks and Hispanics
During 2024, less than one-fifth (18%) of all Californians earned enough income to afford an $865,440 statewide median-priced detached home. Continue Reading Report: California’s Housing Affordability Gap Remains Wide for Blacks and Hispanics
New York State’s Housing Inventory Inches Up, But Sales Remain Static
March marked the 20th consecutive month of year-over-year median home price increases. Continue Reading New York State’s Housing Inventory Inches Up, But Sales Remain Static
Florida Home Sales Down Despite Wider Listings and Inventory
The statewide median price for single-family homes was $414,555 in the first quarter, a scant 0.1% dip from one year before. Continue Reading Florida Home Sales Down Despite Wider Listings and Inventory
FHLB Dallas Expands Eligibility Standards in Housing Assistance for Veterans Program
The program provides up to $15,000 per household and includes eligible Gold Star Families. Continue Reading FHLB Dallas Expands Eligibility Standards in Housing Assistance for Veterans Program
HUD Allocates $29.5 Million for Fair Housing Assistance Program
The FHAP is designed to provide protection to the public against discrimination in housing. Continue Reading HUD Allocates $29.5 Million for Fair Housing Assistance Program
Has Confidence in the US Housing Market Plateaued?
“Many consumers may be coming to terms with elevated mortgage rates and high home prices,” said Fannie Mae’s Doug Duncan. Continue Reading Has Confidence in the US Housing Market Plateaued?
Mortgage Rates Continue to Soar
The 30-year fixed-rate mortgage’s 6.81% was the highest level achieved this year. Continue Reading Mortgage Rates Continue to Soar
Redfin: Average Home Is Selling Above Its Asking Price Again
The median asking price of newly listed homes was $395,725, up 1.1% from a year earlier. Continue Reading Redfin: Average Home Is Selling Above Its Asking Price Again
Mortgage Application Activity Goes Into Decline
The refinance share of mortgage activity inched up to 27.4% of total applications. Continue Reading Mortgage Application Activity Goes Into Decline
KeyBank Launches New Program to Help Homebuyers with Closing Costs
Cleveland-headquartered KeyBank (NYSE: KEY) has launched KeyBank Neighbors First Credit, the third in its series of Special Purpose Credit Programs designed to help borrowers achieved homeownership. According to the company, KeyBank Neighbors First Credit is designed...
30-Unit Development Site in Philadelphia Brokered for $3 Million
The townhomes are expected to sell in the $600,000-range. Continue Reading 30-Unit Development Site in Philadelphia Brokered for $3 Million
D.R. Horton Acquires Gulf Coast Builder Truland Homes for $100 Million
The acquired homebuilding assets of Truland Homes include approximately 263 lots, 155 homes in inventory and 55 homes in sales order backlog. Continue Reading D.R. Horton Acquires Gulf Coast Builder Truland Homes for $100 Million
UDR Teams with LaSalle on $510 Million Joint Venture Deal
“We are pleased to establish a new joint venture with such a high-quality partner,” said Tom Toomey, UDR’s chairman and CEO. Continue Reading UDR Teams with LaSalle on $510 Million Joint Venture Deal
