U.S. Housing Market Updates
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Progressive Insurance Debuts Program to Empower Prospective Homebuyers
Progressive is also introducing The UpPayment program, a down payment assistance program that will provide a $13,500 grant towards the purchase of a home to up to 100 qualified applicants. Continue Reading Progressive Insurance Debuts Program to Empower Prospective Homebuyers
Texas Legislature Passes Property Tax Relief Bills
The property tax relief bills are part of a 1,056-page, $338 billion two-year budget. Continue Reading Texas Legislature Passes Property Tax Relief Bills
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Lennar Debuts 3 Communities in Dallas-Fort Worth Area for First-Time Homebuyers
Pricing at the communities starts in the $200,000s. Continue Reading Lennar Debuts 3 Communities in Dallas-Fort Worth Area for First-Time Homebuyers
1 in 4 Homebuyers in Texas Come from Out of State
The median listing price in Texas was $360,000 as of the end of 2024. Continue Reading 1 in 4 Homebuyers in Texas Come from Out of State
Mortgage Rates Go Into Decline
The 30-year fixed-rate mortgage averaged 6.89% as of Feb. 6. Continue Reading Mortgage Rates Go Into Decline
It’s the worst time to buy a home in a generation, U.S. survey shows
Source: Seattle Times --- U.S. consumers are seeing homebuying conditions at their worst in a generation as mortgage rates soar in response to the Federal Reserve’s aggressive tightening cycle. About 4 in 5 consumers now describe buying conditions for homes as bad, a...
Housing Market Braces For Rising Layoffs ‘Soon’ As Mortgage Lenders, Home Sellers Cut Thousands Of Jobs
Source: Forbes --- TOPLINE Though the labor market's overall resilience continues to puzzle experts, the plight of rising interest rates, which are spurring a historic plunge in home sales, could soon lead to a rash of harsher job cuts across the housing sector—which,...
More older Americans become homeless as inflation rises and housing costs spike
Source: NPR --- COLUMBIA FALLS, Mont. — On a recent rainy afternoon in this small town just outside Glacier National Park, Lisa Beaty and Kim Hilton were preparing to sell most of their belongings before moving out of their three-bedroom, two-bathroom rental home....
Confidence in US housing market hits a new low: Fannie Mae
Source: Fox Business --- Consumer confidence in the U.S. housing market has tumbled to the lowest level on record as rapidly rising mortgage rates and high home prices force potential buyers to pull back. In October, just 16% of consumers said they feel that now is a...
This chart shows where US housing market prices are dropping the most
Source: ABC 10 News --- According to the American Enterprise Institute’s Housing Center, home prices are finally declining after 10 years of a seller’s market. The drop is the result of a marked increase in interest rates and constant quality home price appreciation,...
No place to land
Source: Deseret News --- Britta Joslyn was at a breaking point. She’d decided to move out of her house in Heber City, Utah, after a split-up. But, finding a new home proved Sisyphean. She needed to find a rental close to her children’s school that would accommodate...
YOUNGER AMERICANS ARE BEING PUSHED OUT OF THE U.S. HOUSING MARKET
Source: Black Enterprise --- According to a national profile of homebuyers and sellers by the National Association of Realtors (NAR), American homebuyers are Whiter, older and wealthier. The New York Times reports the NAR added first-time homebuyers account for the...
Mortgage rates collapse on softer inflation data
Source: Housing Wire --- Finally, some good news: the growth rate of inflation is cooling off for now, and with the CPI inflation report being positive, the 10-year yield fell noticeably, and mortgage rates will fall with that! So, the question is, are we reaching the...
Trouble Ahead for U.S. Housing?
Source: Institutional Investor --- There are growing signs that the Federal Reserve’s rate policies are starting to bite into the U.S. housing market. Mortgage rates on 30-year fixed rate loans have risen from around 3% at the end of 2020 to just over 7% in October...
Local homes sales drop as mortgage rates rise
Source: WWNYTV 7 News --- WATERTOWN, New York (WWNY) - Mortgage rates are right around 7 percent for a 30-year fixed rate. Nationally, rates are at their highest since 2006 and they’ve nearly doubled since last year. So, what is this doing to the local housing market?...
