U.S. Housing Market Updates
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Foreclosure Activity Up During Q1
Lenders repossessed 9,691 properties through foreclosure (REO) in first quarter. Continue Reading Foreclosure Activity Up During Q1
Washington State Lawmakers Consider Bill to Raise Property Tax Cap
“Without a doubt, if this property tax goes into effect, many will be forced to foreclose on their homes,” said the Washington State Republican Party. Continue Reading Washington State Lawmakers Consider Bill to Raise Property Tax Cap
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Northeast Housing Markets Lead Nation for Down Payment Increases
Delaware led the nation in 2024 with a 38.6% rise in median down payments Continue Reading Northeast Housing Markets Lead Nation for Down Payment Increases
Buffalo Homeowners Face Prospect of 8% Property Tax Hike
Acting Mayor Scanlon insisted the 8% property tax levy increase will generate around $13.7 million. Continue Reading Buffalo Homeowners Face Prospect of 8% Property Tax Hike
FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas
The extensions are designed to assist households in devastated areas across Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. Continue Reading FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas
New Apartment Development to be Built Near Cornell University
Upon completion – which is scheduled for the 2027 academic year – Theory Ithaca will be comprised of 371 units and 518 beds. Continue Reading New Apartment Development to be Built Near Cornell University
FHLB Cincinnati Debuts Hundred Homes Initiative
Eligible homebuyers must own and reside in a mobile home constructed prior to June 15, 1976. Continue Reading FHLB Cincinnati Debuts Hundred Homes Initiative
Report: Baby Boomers Are the Largest Generational Share of Homebuyers
Generation Z accounted for 3% of all buyers. Continue Reading Report: Baby Boomers Are the Largest Generational Share of Homebuyers
San Diego Apartment Property Acquired for $45 Million
The property was built in 1976 and still in its original condition. Continue Reading San Diego Apartment Property Acquired for $45 Million
Kanye West’s Former Malibu Residence Resells Less Than a Week After Being Listed
The property spans 4,201 square feet and is constructed of approximately 1,200 tons of concrete, 200 tons of steel reinforcement, and 12 massive pylons driven more than 60 feet into the sand. Continue Reading Kanye West’s Former Malibu Residence Resells Less Than a Week After Being Listed
Tiny Nebraska City Offers $50,000 Down Payment Aid to Attract Residents
Pawnee City received 115 applications between March 14-27, when its offer was made available. Continue Reading Tiny Nebraska City Offers $50,000 Down Payment Aid to Attract Residents
Bank of America Reports 80% Surge in Q1 Mortgage Applications
“We’re seeing a steady increase in home buying activity, and it’s beyond what we would normally see from a seasonality perspective,” said Matt Vernon, head of consumer lending. Continue Reading Bank of America Reports 80% Surge in Q1 Mortgage Applications
Hits and Misses for the Real Estate Week of March 24-28
The CFPB’s about-face, an iconic retail chain’s downfall and the rescue of a derelict Frank Lloyd Wright home. Continue Reading Hits and Misses for the Real Estate Week of March 24-28
Fannie Mae Forecasts Declining Mortgage Rates for 2025 and 2026
The revised forecast was mirrored by a mild upward revision for predicted existing home sales in 2025. Continue Reading Fannie Mae Forecasts Declining Mortgage Rates for 2025 and 2026
Andy Warhol’s Former Manhattan Townhouse Listed for Nearly $7 Million
Warhol lived at the property from 1960 to 1972. Continue Reading Andy Warhol’s Former Manhattan Townhouse Listed for Nearly $7 Million
