U.S. Housing Market Updates
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$3.48 Million LA Home Now Available for Cryptocurrency Purchase
The 4,545-square foot residence within the 0.44-acre property is within a 24/7 guard-gated and patrolled community. Continue Reading $3.48 Million LA Home Now Available for Cryptocurrency Purchase
Mortgage Rates Decline for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.67% as of July 3. Continue Reading Mortgage Rates Decline for Fifth Straight Week
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Greystar Begins Construction on Virginia Multifamily/Build-for-Rent Community
The first units are slated to be ready in the second quarter of 2026. Continue Reading Greystar Begins Construction on Virginia Multifamily/Build-for-Rent Community
Pending Home Sales Up by 2% in February
“Despite the modest monthly increase, contract signings remain well below normal historical levels,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Up by 2% in February
Residency Requirements Changed on FHA-Insured Mortgages to Shut Out Illegal Immigrants
“There will be no more illegal aliens getting HUD-backed home loans,” said Secretary Turner. Continue Reading Residency Requirements Changed on FHA-Insured Mortgages to Shut Out Illegal Immigrants
The Typical Down Payment Has Fallen 10% From A Year Ago As Housing Market Cools
Source: Redfin --- The typical U.S. homebuyer made a $42,000 down payment in January, the lowest level in nearly two years, amid rising mortgage rates and low competition The median down payment was equal to 10% of the purchase price, down from 14% a year earlier. ...
U.S. Home Sales Surge 14 Percent in February While Prices Drop
Source: The World Property Journal --- First National Median Home Price Decline In The U.S. In 11 Years According to the National Association of Realtors, U.S. existing-home sales reversed a 12-month slide in February 2023, registering the largest monthly percentage...
Greater Miami Area Condo Sales Implode 47 Percent in February
Source: World Property Journal --- Greater Miami area total residential sales decreased 39.9% year-over-year in February 2023, from 2,814 transactions to 1,692, says the Miami Association of Realtors. Breaking down Miami area sales data further, Miami area condo sales...
Slow Start to the Spring Homebuying Season
This week’s news that the Fed is modestly hiking interest rates and may pause them sooner than anticipated brought mortgage rates down for the second week in a row, according to a new report from Redfin, the technology-based real estate brokerage. Overall, the...
Rate of Single Women Buying Homes Declined in 2022
Single men have been historically more likely than single women to own a home, but that gap narrowed sharply in recent years, nearly closing in 2021. However, a new Zillow analysis shows that it widened again last year, highlighting single women's homebuying...
New “Mansion Tax” to affect Luxury Homes in Los Angeles
The City of Los Angeles will begin charging a ‘Mansion Tax’ on commercial and residential real estate transactions over $5 million effective April 1, 2023. The existing documentary transfer taxes in Los Angeles will not be repealed or altered by the mansion tax....
New home sales rose for the third month in a row
Source: CNN Business --- New home sales rose in February, climbing for the third month in a row as mortgage rates eased off their highs of the past year and buyers looked to new construction amid historically low inventory of existing homes for sale. Sales of newly...
New Home Sales in Texas Remain Strong as “Days on Market” Rise
The new home market across Texas is seeing homes stay on the market longer and a moderate softening of average prices as the market “seeks balance,” according to the monthly HomesUSA.com New Home Sales Report released today by HomesUSA.com CEO Ben Caballero. ...
U.S. existing home sales rebound; year-over-year house prices fall
Source: Nasdaq --- WASHINGTON, March 21 (Reuters) - U.S. existing home sales increased for the first time in a year in February as a decline in prices on an annual basis pulled buyers back into the market, further evidence that the housing market was stabilizing at...
After banking crisis, the housing market faces even more uncertainty
Source: Marketplace --- New data from the National Association of Realtors showed a 14.5% increase in home sales in February, a huge increase relative to expectations. Existing home sales have gone down consistently every month for an entire year now. Inventory has...
