U.S. Housing Market Updates
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Chicago Mayor Downplays CFO’s Remarks of a ‘Likely’ Property Tax Hike
“We have a working group that is coming up with a lot of ideas,” said Mayor Johnson. Continue Reading Chicago Mayor Downplays CFO’s Remarks of a ‘Likely’ Property Tax Hike
Florida’s Single-Family Home Sales Up in June, Down for Q2
The statewide median sales price for single-family existing homes last month was $412,000, down 3.5% compared to June 2024. Continue Reading Florida’s Single-Family Home Sales Up in June, Down for Q2
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Existing Home Sales Down by Nearly 6%
The median existing-home price for all housing types in March was $403,700, up 2.7% from the $392,900 price set one year ago. Continue Reading Existing Home Sales Down by Nearly 6%
233 Cities Have Starter Homes Priced at $1 Million
California continues to lead the nation with the most cities offering $1 million starter homes (113). Continue Reading 233 Cities Have Starter Homes Priced at $1 Million
Profit Margins Down for Q1 Home Sales
ATTOM’s Rob Barber noted that “several communities in Florida and California saw the biggest drop offs.” Continue Reading Profit Margins Down for Q1 Home Sales
Mick Jagger’s Florida Home Listed for $3.5 Million
The residence includes a bell tower, complete with a bell. Continue Reading Mick Jagger’s Florida Home Listed for $3.5 Million
American Homeowners Paid $174 Billion in Q1 Property Taxes
“The year-over-year growth rate of property tax collections is more than twice its 15-year average,” said NAHB’s David Logan. Continue Reading American Homeowners Paid $174 Billion in Q1 Property Taxes
Hits and Misses for the Real Estate Week June 26-30
BAHFA is the very rare California entity trying to help people address a serious situation. Continue Reading Hits and Misses for the Real Estate Week June 26-30
$38.1 Million Sale on Nantucket is Most Expensive in Massachusetts History
The property was listed in July 2022 for $56 million and reduced it in April to $48 million. Continue Reading $38.1 Million Sale on Nantucket is Most Expensive in Massachusetts History
Typical US Home Sells for Only $4,000 Less Than Record Price
New listings were down 27% from a year earlier during the four weeks ending June 25. Continue Reading Typical US Home Sells for Only $4,000 Less Than Record Price
New Portal to Highlight Affordable Housing in the Bay Area
Doorway Housing Portal was developed with pro bono support from Google.org Fellows. Continue Reading New Portal to Highlight Affordable Housing in the Bay Area
JPMorgan Chase Allocates $7.65M to Expand Black and Hispanic Homeownership in DC
“Affordable, sustainable homeownership is essential to building strong communities and intergenerational wealth,” said Mark O’Donovan, CEO of Chase Home Lending. Continue Reading JPMorgan Chase Allocates $7.65M to Expand Black and Hispanic Homeownership in DC
Mortgage Rates Are Up Again
“Homebuyers have adjusted and driven new home sales to its highest level in more than a year,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Are Up Again
Affordable Homeownership Opportunities Continue to Dwindle
MBA’s Edward Seiler noted how “prospective buyers continue to grapple with high interest rates and low housing inventory.” Continue Reading Affordable Homeownership Opportunities Continue to Dwindle
US Median Home Price in First Year-Over-Year Decline Since 2017
In June, the U.S. median list price was $445,000. Continue Reading US Median Home Price in First Year-Over-Year Decline Since 2017
