U.S. Housing Market Updates
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New York State Housing Inventory at 8-Month Low
The lack of available properties resulted in a 4.6% year-over-year decline in closed sales. Continue Reading New York State Housing Inventory at 8-Month Low
Wisconsin Home Sales Inched Up in November
Also on the rise was the state’s median price – $310,000, up 8.8% from $279,900 in the prior year. Continue Reading Wisconsin Home Sales Inched Up in November
Report: Home Affordability Worsened in Q4
The national median home price has climbed to $364,750 during the fourth quarter. Continue Reading Report: Home Affordability Worsened in Q4
Mortgage Application Activity Down Slightly
The MBA reported mortgage applications for new home purchases in November were up 7.2% year-over-year. Continue Reading Mortgage Application Activity Down Slightly
Single-Family Housing Starts Up 6.4%
Privately-owned housing starts were down 1.8% from October. Continue Reading Single-Family Housing Starts Up 6.4%
New Forecast Predicts 3.7% Home Sale Price Growth in 2025
Realtor.com’s forecast is also pointing to an 11.7% increase in existing home inventory. Continue Reading New Forecast Predicts 3.7% Home Sale Price Growth in 2025
Greystar Real Estate Partners Opens First Modular Housing Development
The developer has six additional modular housing projects in the works. Continue Reading Greystar Real Estate Partners Opens First Modular Housing Development
Hits and Misses for the Real Estate Week of Nov. 25-29
A new wrinkle in the NAR settlement, a Trump-hating Airbnb host and an upcoming 24-hour stock exchange. Continue Reading Hits and Misses for the Real Estate Week of Nov. 25-29
Pending Home Sales Up for Third Straight Month
All four major regions experienced month-over-month gains in transactions. Continue Reading Pending Home Sales Up for Third Straight Month
Mortgage Application Activity Rises by 6.3%
The refinance share of mortgage activity decreased to 38.8% of total applications from 41% the previous week. Continue Reading Mortgage Application Activity Rises by 6.3%
New Home Sales Plummet 17.3% in October
Housing economist Dr. Anthony B. Sanders called the data the “last gasp of the Biden/Harris reign of (economic) error!” Continue Reading New Home Sales Plummet 17.3% in October
Mark Zuckerberg Donates $626,000 to Build 5 Affordable Homes in Hawaii
Kauhale O Namahana will construct 11 single-family units for low and middle-income households. Continue Reading Mark Zuckerberg Donates $626,000 to Build 5 Affordable Homes in Hawaii
Case-Shiller: Home Prices Up 3.9% in September
New York City again reported the highest annual gain among the 20 cities with a 7.5% increase in September. Continue Reading Case-Shiller: Home Prices Up 3.9% in September
GSEs Publish Underserved Markets Plans for Next 4 Years
The Federal Housing Finance Agency (FHFA) announced that the government-sponsored enterprises (GSEs) Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) has published plans to extend housing access in rural underserved markets, enhance their support for...
A Phil Hall Op-Ed: Biden and Trudeau Rewrite Their Housing Policy Histories
Editor Phil Hall questions the rewriting of recent history by the US president and Canadian prime minister. Continue Reading A Phil Hall Op-Ed: Biden and Trudeau Rewrite Their Housing Policy Histories