U.S. Housing Market Updates
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Mortgage Rates on the Rise Again
The 30-year fixed-rate mortgage averaged 6.75% as of July 17. Continue Reading Mortgage Rates on the Rise Again
Mortgage Applications on New Home Purchases Up 8.5% from Last Year
The average loan size for new homes decreased from $379,209 in May to $376,077 in June. Continue Reading Mortgage Applications on New Home Purchases Up 8.5% from Last Year
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Builder Confidence Records a Scant Uptick Amid Tariff Jitters
“The recent dip in mortgage rates may have pushed some buyers off the fence in March, helping builders with sales activity,” said NAHB Chairman Buddy Hughes. Continue Reading Builder Confidence Records a Scant Uptick Amid Tariff Jitters
Mortgage Application Volume Down 8.5%
The Refinance Index decreased 12% from the previous week. Continue Reading Mortgage Application Volume Down 8.5%
The Most Affordable City for Rental Housing Is…
Miami ranked last in the new study of more than 180 cities. Continue Reading The Most Affordable City for Rental Housing Is…
Mortgage Rates Go Up, Up and Away
The national median mortgage payment during April was $2,112, an 11.8% spike from $1,889 in April 2022. Continue Reading Mortgage Rates Go Up, Up and Away
Number of Vacant Homes in Foreclosure Up for Fifth Straight Quarter
Among the pre-foreclosure properties, 8,752 sit vacant as zombie foreclosures. Continue Reading Number of Vacant Homes in Foreclosure Up for Fifth Straight Quarter
Pending Home Sales Remained Stagnant in April
“Not all buying interests are being completed due to limited inventory,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Remained Stagnant in April
Mortgage Delinquency Rate Crashes to a New Low
No state posted an annual increase in overall delinquency rates in March. Continue Reading Mortgage Delinquency Rate Crashes to a New Low
More Than 2 in 5 Home Sellers Are Making Concessions to Buyers
Just over one in seven home sellers dropped their asking price in addition to providing a concession. Continue Reading More Than 2 in 5 Home Sellers Are Making Concessions to Buyers
Property Flipping, NYC-Style: Luxury Condo Poised to Sell at $75M
The 6,000-square-foot unit was acquired in 2020 by a Delaware-based LLC for $54 million. Continue Reading Property Flipping, NYC-Style: Luxury Condo Poised to Sell at $75M
DCHFA Unveils Investor Relations Website
The new DCHFABonds.com site will provide data and documents to investors about its bond programs. Continue Reading DCHFA Unveils Investor Relations Website
Mortgage Application Activity Sinks Amid Economic Tumult
“We have yet to see sustained growth in purchase applications,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Sinks Amid Economic Tumult
Mortgage Delinquency Rate Bounced Up in April
Foreclosure starts dropped by 23% to 25,000, the lowest since September 2022. Continue Reading Mortgage Delinquency Rate Bounced Up in April
The Property Market with the Highest Level of Natural Disaster Risks Is…
CoreLogic’s latest Climate Risk Analytics report determined the impact of natural hazards and climate risks on properties. Continue Reading The Property Market with the Highest Level of Natural Disaster Risks Is…
