U.S. Housing Market Updates
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Pennsylvania’s Median Home Sales Price Hits New High
Also on the rise were the number of listings on the market – 41,600, a 9% rise from the 38,100 recorded the same time last year. Continue Reading Pennsylvania’s Median Home Sales Price Hits New High
Report: Opening Federal Land for Development Will Not Solve Basic Housing Shortage Problems
Approximately 640 million acres of land are federal owned, accounting for nearly one-quarter of the nation’s landmass. Continue Reading Report: Opening Federal Land for Development Will Not Solve Basic Housing Shortage Problems
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Q1 Texas Home Sales Down Despite Boost in Active Listings
The median Texas home sales price for the quarter was $331,000, a mild 0.3% rise from one year earlier. Continue Reading Q1 Texas Home Sales Down Despite Boost in Active Listings
Pennsylvania Home Sales Up 21%
The median sales price for residential properties last month was $285,000, up 2% from $279,000 in the previous month. Continue Reading Pennsylvania Home Sales Up 21%
More Down Payment Assistance Programs Introduced During Q1
A total of 990 programs (39%) were offered through local housing finance agencies. Continue Reading More Down Payment Assistance Programs Introduced During Q1
California Realtors Fault Legislators for Ignoring Homeownership Program in New Budget
“The California Dream for All program is a huge step forward in closing the homeownership and wealth gaps that exist in our state,” said CAR in a statement. Continue Reading California Realtors Fault Legislators for Ignoring Homeownership Program in New Budget
Multifamily Property Management Firm in $75K Settlement Over Violating Servicemembers’ Rights
FPI was accused of imposing unlawful charges on nine servicemembers terminatee their apartment leases after receiving military relocation orders. Continue Reading Multifamily Property Management Firm in $75K Settlement Over Violating Servicemembers’ Rights
Mortgage Rates Down Again
The 30-year fixed-rate mortgage averaged 6.69% as of June 15, down from last week when it averaged 6.71%. Continue Reading Mortgage Rates Down Again
Redfin: Nearly 40% Fewer Homes for Sale Now Versus the Pre-Pandemic Period
The median home sale price was $381,169, down 1.1% from a year earlier, the smallest decline in more than three months. Continue Reading Redfin: Nearly 40% Fewer Homes for Sale Now Versus the Pre-Pandemic Period
FHA Makes Single-Family Mortgage Documents Available in Five Additional Languages
“These new resources will help prospective homebuyers better understand their transaction,” said Federal Housing Commissioner Julia Gordon. Continue Reading FHA Makes Single-Family Mortgage Documents Available in Five Additional Languages
New Initiative Seeks to Create 4 Million New Hispanic Homeowners by 2030
UnidosUS is also launching launch the first cohort of cities slated to receive targeted investments through the HOMEownership Solutions Network. Continue Reading New Initiative Seeks to Create 4 Million New Hispanic Homeowners by 2030
Realtors’ Economist to Fed: Stop Raising Rates
“The Fed should look forward, not backward,” said NAR Chief Economist Lawrence Yun. Continue Reading Realtors’ Economist to Fed: Stop Raising Rates
Redfin: Nearly 92% of Mortgaged Homeowners Have Rates Below 6%
23.5% of mortgaged homeowners have a rate below 3%. Continue Reading Redfin: Nearly 92% of Mortgaged Homeowners Have Rates Below 6%
Proptech Startup Propertymate Raises $5.5M in Seed Funding
The new infusion of funds will enable the company to rebrand as NewHomesMate. Continue Reading Proptech Startup Propertymate Raises $5.5M in Seed Funding
Mortgage Application Activity Records an Uptick
“The average loan size on a purchase loan decreased for the third straight week,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Records an Uptick
