U.S. Housing Market Updates
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Hits and Misses for the Real Estate Week of July 7-11
Gavin Newsom’s long-distance grant funding, a data access deal with three major MLSs, and investors hogging the homebuying market. Continue Reading Hits and Misses for the Real Estate Week of July 7-11
Kentucky Reduces State’s Property Tax Rate for Fifth Straight Year
The real state real property tax rate has been reduced from 10.9 cents to 10.6 cents per $100 assessed value. Continue Reading Kentucky Reduces State’s Property Tax Rate for Fifth Straight Year
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Report: $603 Billion Spent on Home Remodeling Projects in 2024
Most consumers (89%) reported housing affordability was not a deciding factor in their decisions to remodel. Continue Reading Report: $603 Billion Spent on Home Remodeling Projects in 2024
Mortgage Application Activity Surges by 20%
The Refinance Index increased 35% from the previous week – the highest level in six months. Continue Reading Mortgage Application Activity Surges by 20%
Northeast Housing Markets Lead Nation for Down Payment Increases
Delaware led the nation in 2024 with a 38.6% rise in median down payments Continue Reading Northeast Housing Markets Lead Nation for Down Payment Increases
Mortgage Rates Take a Drop
A year ago at this time, the 30-year fixed-rate mortgage averaged 5.27%. Continue Reading Mortgage Rates Take a Drop
Active Home Listings 50.5% Below Pre-Pandemic Levels
Last month, the national median list price was $430,000 in April, up from $424,000 in March. Continue Reading Active Home Listings 50.5% Below Pre-Pandemic Levels
Home Equity Ticks Downward for Second Straight Month
ATTOM determined the number of equity-rich mortgage-payers dropped on a quarterly basis in 32 of the 50 states. Continue Reading Home Equity Ticks Downward for Second Straight Month
NYC Rent-Stabilized Units Facing Hikes Up to 7%
“A 7% rent increase is clearly beyond what renters can afford,” said Mayor Eric Adams. Continue Reading NYC Rent-Stabilized Units Facing Hikes Up to 7%
Mat Ishbia Disses Dan Gilbert – The Feud Continues
Two highly competitive Michigan titans of mortgage banking who also happen to own rival professional basketball teams have zero fondness for each other – and one of the duo just took a smack at the other today in a sports podcast. Mat Ishbia does double duty is...
Can Promoting Energy Efficiency in a Home Listing Help Boost the Sale?
Nearly two-thirds of real estate brokers and agents said promoting energy efficiency in listings is either very or somewhat valuable. Continue Reading Can Promoting Energy Efficiency in a Home Listing Help Boost the Sale?
Mortgage Application Activity Drops Amid Jumbo Mortgage Jitters
“The jumbo-conforming spread continues to narrow,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Drops Amid Jumbo Mortgage Jitters
Zillow Debuts ChatGPT Plugin
The Zillow ChatGPT plugin is currently in its alpha phase. Continue Reading Zillow Debuts ChatGPT Plugin
Annual Home Price Growth at Lowest Rate in Over a Decade
The states with the greatest annual loses were Washington (-7.4%), Idaho (-3.6%) and Nevada (-3.5%). Continue Reading Annual Home Price Growth at Lowest Rate in Over a Decade
planetRE Unveils Aelo.Ai virtual staging platform
According to the company, Aelo.Ai can generate images within seconds. Continue Reading planetRE Unveils Aelo.Ai virtual staging platform
