U.S. Housing Market Updates
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Existing Home Sales Up in May
The median existing home price for May was $422,800, up 1.3% from the $417,200 price set one year earlier. Continue Reading Existing Home Sales Up in May
Hits and Misses for the Real Estate Week of June 16-20
Another sports team eyeing public funds for a new stadium, property tax relief comes to Texas, and a social media influencer who gave very bad advice. Continue Reading Hits and Misses for the Real Estate Week of June 16-20
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Evergreen Home Loans Expands into New Mexico
The company is opening new branches in Albuquerque and Carlsbad, under the leadership of Area Manager Barry Abt. Continue Reading Evergreen Home Loans Expands into New Mexico
Mortgage Application Activity Up 11.2%
The VA share of total applications increased to 15.9% from 14.6% from the week before. Continue Reading Mortgage Application Activity Up 11.2%
Report: HUD to End Biden Program for Energy Efficiency Upgrades to Affordable Housing
The Green and Resilient Retrofit Program was passed by Congress in 2022. Continue Reading Report: HUD to End Biden Program for Energy Efficiency Upgrades to Affordable Housing
Real Estate Startup zavvie Announces “zavvie Power Buyer,”
zavvie, a software technology company providing customized marketplaces for brokerage-wide buying and selling solutions, announces they have rolled out a new white-labeled solution for real estate brokers designed allow them to offer additional options to home...
Investors are pulling back from the housing market, buying half as many homes as a year ago, Redfin says
Source: Market Watch --- Investors are slinking away from the real-estate market as home-price growth slows and the possibility of price drops appears on the horizon. Purchases of homes by investors in the U.S. fell by 45.8% year over year in the fourth quarter,...
Is the housing market recovering? Here’s why home builders feel ‘cautious optimism.’
Source: USA Today --- After every month in 2022 recorded a decline in builder confidence, could 2023 herald a change? It’s beginning to look that way. Builder confidence in the market for newly built single-family homes in February rose seven points to 42, marking a...
Housing Market: 6 Trends To Know for February 2023
Source: Yahoo! --- The current state of the U.S. housing market can best be described as “complicated.” Rising mortgage rates over the past year have steered many would-be buyers out of the market, leading to softer demand and declining home prices. But prices are...
San Francisco looks like a deflating Pandemic Housing Bubble—while housing markets in New York and Chicago remain stable
Source: Yahoo! News --- The home price correction has been fairly mild on a national level, with U.S. home prices falling just 2.5% between June and November. But on a regional level, the correction in the second half of 2022 was a mixed bag. Among the 20 major...
Will the Mortgage Third-Party Origination Channel Survive the Current Market?
Northpointe Bank, a regional bank headquartered in Michigan, has announced that they are closing their correspondent lending operations in April of 2023, and will shift their focus to retail lending, mortgage warehouse lending and specialty loan servicing. This...
Single women outpacing men in home ownership by millions
An analysis by LendingTree found that single women own millions more homes than their male counterparts, according to 2021 U.S. Census Bureau data. The analysis also uncovered that single women are more likely than single men to own their own home in 48 out of the 50...
Zillow Partnership with iBuyer Opendoor Launches in Atlanta, Raleigh
In August 2022, Zillow and Opendoor announced a multi-year partnership, bringing them together to transform how people initiate their move. The two companies announced that homeowners in Atlanta and Raleigh have a new way to explore multiple home-selling options on...
Housing Market Update: More Buyers Step Onto The Field, Luring Some Sellers Off The Sidelines
Source: Redfin --- Pending sales and new listings each posted their smallest declines since September. Homebuyer demand continues to increase from its fall low point despite mortgage rates ticking up this week. Seller activity is also picking up. Pending home sales...
The Housing Market Warms Up, but This Twist Could Plunge It Back Into a Freeze
Source: Realtor.com --- Is the housing market back? A surge in mortgage interest rates last year ground the real estate market to an abrupt halt, as scores of would-be buyers could no longer afford to purchase homes. But last month, as mortgage rates dipped and home...
