U.S. Housing Market Updates
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Single-Family Housing Starts Down Slightly in April
Single‐family housing completions were 15.4% above the revised March rate. Continue Reading Single-Family Housing Starts Down Slightly in April
Connecticut Childhood Home of William F. Buckley Jr. Listed for First Time in a Century
The residence dates to 1812 and was acquired by lawyer and oil speculator William F. Buckley Sr. in 1923. Continue Reading Connecticut Childhood Home of William F. Buckley Jr. Listed for First Time in a Century
Mortgage Application Activity Inches Up Slightly
Mortgage applications for new home purchases in April increased 22.1% from one year earlier. Continue Reading Mortgage Application Activity Inches Up Slightly
Grant Cardone on Biden’s Homebuyer Tax Credit Plan: ‘Is Joe Dumb?’
Cardone cited homebuyer costs to dilute the impact of the Biden plan. Continue Reading Grant Cardone on Biden’s Homebuyer Tax Credit Plan: ‘Is Joe Dumb?’
Vision Mortgage Group Debuts Loan Program for First-Time Buyers
The program features a 1% down payment and 2% grant down payment assistance. Continue Reading Vision Mortgage Group Debuts Loan Program for First-Time Buyers
Travelers to Raise California Homeowner Insurance Rates by 15%
On average, California homeowners pay $1,452 a year for home insurance coverage. Continue Reading Travelers to Raise California Homeowner Insurance Rates by 15%
More Than 90% of Metros Scored Q1 Home Price Gains
30% of the tracked metros experienced double-digit price gains. Continue Reading More Than 90% of Metros Scored Q1 Home Price Gains
NAR Chief Economist Predicts Falling Rates, More Existing Home Sales
Lawrence Yun acknowledged annual existing home sales in 2023 experienced their worst year since 1995. Continue Reading NAR Chief Economist Predicts Falling Rates, More Existing Home Sales
The World’s Wealthiest City Is…
When it comes to cities with a surplus number of millionaire residents, the U.S. is the global leader in the 2024 World’s Wealthiest Cities Report published by international wealth migration specialists Henley & Partners in collaboration with the global data...
Market Snapshot: Today’s Rental Housing Market
Rents have outpaced wages in 44 of the 50 largest metros since 2019, according to data from Zillow Group. Continue Reading Market Snapshot: Today’s Rental Housing Market
Lower-Income Borrowers Account for One in Five New Mortgages
Redfin noted today’s median-home sale price is about $420,000, up 5% year-over-year. Continue Reading Lower-Income Borrowers Account for One in Five New Mortgages
Reverse Mortgage Pitchman Tom Selleck Fears Losing Ranch with Series’ End
“Am I set for life? Yeah, but maybe not on a 63-acre ranch,” Selleck said. Continue Reading Reverse Mortgage Pitchman Tom Selleck Fears Losing Ranch with Series’ End
U.S. Real Estate Fencing Market Forecast to Reach $14.1 Billion by 2032
The new report cited concerns over crime as fueling the fencing market. Continue Reading U.S. Real Estate Fencing Market Forecast to Reach $14.1 Billion by 2032
Capitol Hill Lawmakers Create Bipartisan Congressional Real Estate Caucus
The caucus is backed by several prominent housing trade organizations. Continue Reading Capitol Hill Lawmakers Create Bipartisan Congressional Real Estate Caucus
Survey: Nearly Half of Buyers Stopped Looking for Homes Due to Inflation
Two-thirds of respondents admitted they would seriously consider a home purchase after 30-year mortgage rates fall below 5%. Continue Reading Survey: Nearly Half of Buyers Stopped Looking for Homes Due to Inflation