U.S. Housing Market Updates
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Mortgage Rates Down Slightly
The 30-year fixed-rate mortgage averaged 6.21% as of Dec. 18. Continue Reading Mortgage Rates Down Slightly
REMAX: Home Sales Down 4.7% in November
Buyers closed on 18.5% fewer home sales from October to November and 4.7% less than in November 2024. Continue Reading REMAX: Home Sales Down 4.7% in November
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
New York State Raises Property Tax Exemption for Seniors to 65%
Legislation S5175A/A3698A replaces the previous 50% maximum percentage of exemption local governments have been able to offer income-eligible seniors. Continue Reading New York State Raises Property Tax Exemption for Seniors to 65%
Report: Refinance Retention at 3.5-Year High
Non-banks retained refinancing borrowers at roughly three times the rate of banks (35% versus 13%). Continue Reading Report: Refinance Retention at 3.5-Year High
Connecticut Town Bans Short-Term Airbnb Rentals After Neighbors Complain
The ban follows complaints about a rented-out residence where wild parties disrupted a neighborhood. Continue Reading Connecticut Town Bans Short-Term Airbnb Rentals After Neighbors Complain
Hits and Misses for the Real Estate Week of Sept. 15-18
Curious new legislation to encourage affordable housing, Treasury Secretary Bessent’s unlikely sense of humor, and Robert Redford’s impact on Utah real estate. Continue Reading Hits and Misses for the Real Estate Week of Sept. 15-18
Report: Colorado’s Housing Shortfall is Narrowing
To prevent the shortfall from growing, the report recommended the creation of approximately 34,100 new homes per year over the next decade. Continue Reading Report: Colorado’s Housing Shortfall is Narrowing
Survey: Hispanic Homeowners Embracing Short-Term Rentals to Build Income
The survey polled 1,276 responses from Hispanic professionals in the real estate industry in 39 states, including Puerto Rico. Continue Reading Survey: Hispanic Homeowners Embracing Short-Term Rentals to Build Income
New Ohio Homeowner Initiative Seeks to Aid Lower-Income Seniors and Disabled Residents
The Ohio Senate will consider the bill when it convenes for its next session on Sept. 30. Continue Reading New Ohio Homeowner Initiative Seeks to Aid Lower-Income Seniors and Disabled Residents
Q2 Home Flipping Profit Margins Drop to 17-Year Low
The typical flipped property generated a 25.1% return on investment before expenses. Continue Reading Q2 Home Flipping Profit Margins Drop to 17-Year Low
California Home Sales and Prices Forecasted to Rise in 2026
Housing supply in 2026 is forecast to show continued improvement and remain near pre-pandemic levels, with active listings up by nearly 10% amid improving market conditions. Continue Reading California Home Sales and Prices Forecasted to Rise in 2026
Kentucky Home Sales and Prices in August Decline
The total sales volume of $1.46 billion was down 6.95% month-over-month and up 8.6% year-over-year. Continue Reading Kentucky Home Sales and Prices in August Decline
The Most Expensive College Town Is…
At the far end of the spectrum, the least expensive college town is Dayton, Ohio. Continue Reading The Most Expensive College Town Is…
Nebraska Gov. Pillen Announces $20 Million in Property Tax Relief
“As governor, fixing our broken property tax system is my top priority,” said Pillen. Continue Reading Nebraska Gov. Pillen Announces $20 Million in Property Tax Relief
Refinancing Action Fuels 30% Surge in Mortgage Application Activity
The Refinance Index ascended by 58% from the previous week and was 70% higher than the same week one year ago. Continue Reading Refinancing Action Fuels 30% Surge in Mortgage Application Activity
