U.S. Housing Market Updates
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Del Webb Breaks Ground on 55+ Community in Austin Suburb
The completed project will encompass over 500 residences to be built across 323 acres. Continue Reading Del Webb Breaks Ground on 55+ Community in Austin Suburb
Georgia’s Fulton County Proposes 12.5% Property Tax Hike to Finance Jail Upgrades
“We have mandated expenses to fix the inhumane conditions there,” said Commissioner Dana Barrett. Continue Reading Georgia’s Fulton County Proposes 12.5% Property Tax Hike to Finance Jail Upgrades
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Survey: 1 in 5 Homebuyers Sell Stocks to Finance Their Down Payment
Among homeowners, Redfin found roughly one in eight (13%) said they sold stocks to help fund their down payment. Continue Reading Survey: 1 in 5 Homebuyers Sell Stocks to Finance Their Down Payment
Port of Seattle Files Appeal to Prevent Residential Development in Industrial District
The Port said the rezoning “appears that substantially all of the developable land covered by the Council’s action is controlled by one property owner.” Continue Reading Port of Seattle Files Appeal to Prevent Residential Development in Industrial District
FEMA Launches Flood Insurance Premium Quoting Tool
. FEMA noted that 40% of NFIP flood insurance claims occur outside high hazard areas. Continue Reading FEMA Launches Flood Insurance Premium Quoting Tool
Report: Average Monthly Mortgage Payment is $2,317
Average mortgage payments are most expensive in Hawaii ($3,696), California ($3,399) and Massachusetts ($3,201). Continue Reading Report: Average Monthly Mortgage Payment is $2,317
New Listings of Homes Down 22.4%
Redfin found nearly half of homes on the market are selling within two weeks. Continue Reading New Listings of Homes Down 22.4%
MBA Chief Broeksmit: ‘Awful Lot of Misinformation’ on Mortgage Fee Changes
Broeksmit said the changes “were meant to address some anomalies in the previous pricing structure.” Continue Reading MBA Chief Broeksmit: ‘Awful Lot of Misinformation’ on Mortgage Fee Changes
A NYC Market-Rate Rental on a Median Income? Fuhgeddaboudit!
Asking rents in March averaged $3,344, a new record. Continue Reading A NYC Market-Rate Rental on a Median Income? Fuhgeddaboudit!
Spotlight On: FHFA’s Proposed Rulemaking on Fair Lending Oversight
“The way I look at it, there are a lot of things about this rule that need to be changed,” said The Lincoln Institute’s Jim Gray. Continue Reading Spotlight On: FHFA’s Proposed Rulemaking on Fair Lending Oversight
The 30-Year Fixed-Rate Mortgage Inches Up Again
“Rates should gently decline over the course of 2023,” said Freddie Mac Chief Economist Sam Khater. Continue Reading The 30-Year Fixed-Rate Mortgage Inches Up Again
Pending Home Sales Down for First Time in Four Months
“The lack of housing inventory is a major constraint to rising sales,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Down for First Time in Four Months
Wells Fargo Teams with T.D. Jakes on Community Revitalization Endeavor
“We look forward to seeing the meaningful difference we’ll make together in communities across the country,” said Charlie Scharf, CEO of Wells Fargo. Continue Reading Wells Fargo Teams with T.D. Jakes on Community Revitalization Endeavor
Profit Margins on Home Sales Down 44.2% During Q1
This marked the third straight quarterly decrease nationwide and resulted in the lowest investment return since mid-2021. Continue Reading Profit Margins on Home Sales Down 44.2% During Q1
Mortgage Delinquency Rate Remains Near Record Low
No state posted an annual increase in overall delinquency rates in February. Continue Reading Mortgage Delinquency Rate Remains Near Record Low
