U.S. Housing Market Updates
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Mortgage Application Payments Increased in May
The national median mortgage payment for conventional loan applicants was $2,235, up from $2,206 in April and up from $2,226 in May 2024. Continue Reading Mortgage Application Payments Increased in May
Report: Affordable Homeownership Remains Mostly Elusive
California had 16 of the 25 counties where affordable homeownership requires the highest annual income. Continue Reading Report: Affordable Homeownership Remains Mostly Elusive
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Realtor.com: Drop in Multifamily Permitting Could Spur Hike in Rents
Demand for larger rental units has grown because fewer renters are seeking to become first-time homebuyers Continue Reading Realtor.com: Drop in Multifamily Permitting Could Spur Hike in Rents
RE/MAX: Home Sales Up 8.4% in February
The $423,000 median sales price was only $3,000 (0.6%) higher than January’s level. Continue Reading RE/MAX: Home Sales Up 8.4% in February
Lennar Begins Sales on Single-Family Homes in Dallas Community
Pricing for the new homes starts in the low $300,000s. Continue Reading Lennar Begins Sales on Single-Family Homes in Dallas Community
Foreclosure Activity Down in February, but Up Annually
There were a total of 30,528 U.S. properties with foreclosure filings in February, that’s down 3% from a month ago and up 18% from a year ago, according to the February 2023 U.S. Foreclosure Market Report from ATTOM. Filings included default notices, scheduled...
Zillow: Zoning is the Housing Affordability Problem to Solve
An independent panel of 117 economists and housing experts polled in Zillow's Home Price Expectations (ZHPE) Survey have suggested that relaxing zoning rules is one of the best ways to address the nation's ongoing housing affordability crisis as it would allow more...
Renter Survey Points to Desire for Lower Density Housing
A new report focused on the more than 34% of the population that rents their homes shows that more than half would prefer to live in a detached, single-family home rather than an apartment building. The information, provided by RCLCO Real Estate Consulting, shows that...
BMO Expands its Down Payment Program
BMO says it will commit $1 million to expand its Welcome Home Grant down payment program to five new markets including Minneapolis, Milwaukee, St. Louis, Indianapolis, and Lake County, IL – Kenosha County, WI. The bank said its efforts would help underserved...
Metro Atlanta housing market remains elevated, despite tighter inventory
Source: WSB-TV --- ATLANTA — New numbers show January got an unexpected 8% increase in homes going under contract. Buyers were jumping on mortgage rates that dropped. But, Channel 2′s Justin Farmer learned in the metro Atlanta area, home prices remain elevated...
Guest Essay: Sally Mabadi on real estate, property values and the new Ryan Field
Source: Evanston Round Table --- Author’s note: This article addresses one topic that has been raised about the new Ryan Field; it is not designed to address all of the open issues that need to be resolved between the city and Northwestern University. The author...
7 economists and real estate pros on what to expect in the housing market this spring
Source: Market Watch --- 2022 saw higher home prices and higher mortgage rates that sidelined many buyers. So what’s in store for spring 2023? Here are more predictions from pros. Prediction 1: Mortgage rates are a wildcard “Buyers who had been sitting on the...
What are the 25 least expensive states to live in?
Source: WIBX --- The cost of living is critical when deciding where to live, work, and do business. When housing, food, transportation, health care, clothing, and entertainment are more expensive, people need to earn more to maintain the standard of living they...
Housing affordability hits historic low, according to report
Source: News Nation --- (The Hill) — Fewer than a quarter of homes listed for sale nationwide qualified as affordable for the typical U.S. household, according to a new report shared exclusively with The Hill. The report, released Friday by real estate brokerage...
The Housing Market Hits a Turning Point. Home Prices Are Falling.
Source: Barron's --- After months of thinning gains, home prices have finally fallen from year-ago levels, according to one frequent gauge of data. It could be a sign of what’s to come as full-month indicators—which show price growth from the year prior—catch up....
