U.S. Housing Market Updates
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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
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Mortgage Application Activity Tumbles by 5.2%
The FHA share of total applications increased to 19.9% from 19.4% the week prior. Continue Reading Mortgage Application Activity Tumbles by 5.2%
California Home Sales at Highest Level Since February
The statewide median home price ticked up 0.4% from $883,640 in September to $886,960 in October. Continue Reading California Home Sales at Highest Level Since February
REMAX Finds 3.2% Year-Over-Year Rise in Home Sales
New listings were up 0.8% from October 2024 but were down by 0.5% from September. Continue Reading REMAX Finds 3.2% Year-Over-Year Rise in Home Sales
Mortgage Application Activity Up 9.4%
The Refinance Index increased 9% from the previous week and was 56% higher than the same week one year ago. Continue Reading Mortgage Application Activity Up 9.4%
FTC to Reimburse Consumers Impacted by Home Improvement Finance Firm
The FTC will send checks and PayPal payments to 960 affected consumers. Continue Reading FTC to Reimburse Consumers Impacted by Home Improvement Finance Firm
Capital One to Close Discover’s Home Equity Lending Business
The company said it “will continue to process applications that are in progress.” Continue Reading Capital One to Close Discover’s Home Equity Lending Business
Housing Inventory Expands, But Delistings Are Also on the Rise
Delistings are growing faster than active inventory at 31.5%. Continue Reading Housing Inventory Expands, But Delistings Are Also on the Rise
Gannett in Partnership to Bring Real Estate Listings Across USA Today Network
Later this summer, USA Today will also launch “Homes Across America,” a photo gallery spotlighting homes across the country in a mix of styles and price ranges. Continue Reading Gannett in Partnership to Bring Real Estate Listings Across USA Today Network
Skydan Equity Partners Debuts ‘Buy Before You Sell’ Program
“Millions of homeowners face the stress of having to sell before buying—or risk losing out on their dream home,” said James Stillo, president and CEO of Skydan Group. Continue Reading Skydan Equity Partners Debuts ‘Buy Before You Sell’ Program
Report: Fewer Canadians Seeking to Buy US Homes
Historically, Canadians have made up the largest portion of international homebuyers in the US. Continue Reading Report: Fewer Canadians Seeking to Buy US Homes
New Partnership Seeks to Educate Prospective Homebuyers
The Future Homebuyer Initiative will consist of 10 events across the country. Continue Reading New Partnership Seeks to Educate Prospective Homebuyers
Hits and Misses for the Real Estate Week of June 30-July 4
Property tax reform in Missouri, the future of Pope Leo’s childhood home, and Kim Jong Un’s beachfront resort. Continue Reading Hits and Misses for the Real Estate Week of June 30-July 4
Who Wants to Buy Jennifer Lopez and Ben Affleck’s Beverly Hills Mansion? Answer: No One
Lopez and Affleck, who married in July 2022, acquired the 38,000-square-foot estate in May 2023 for $60.8 million. Continue Reading Who Wants to Buy Jennifer Lopez and Ben Affleck’s Beverly Hills Mansion? Answer: No One
