U.S. Housing Market Updates
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Mortgage Rates Drop for Second Straight Week
The 30-year fixed-rate averaged 6.19% as of Dec. 4. Continue Reading Mortgage Rates Drop for Second Straight Week
Report: California is Home to Four of the Top Five Riskiest Housing Markets
The new report determined that 16 of the 50 highest risk markets were in California. Continue Reading Report: California is Home to Four of the Top Five Riskiest Housing Markets
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
80% of Montana Homeowners Received a Property Tax Cut This Year
Over 235,000 Montana homeowners have claimed and received a property tax rebate. Continue Reading 80% of Montana Homeowners Received a Property Tax Cut This Year
Report: ‘Hidden Costs’ of Homeownership Nearly $16,000 Per Year
These combined costs were up 4.7% from one year ago. Continue Reading Report: ‘Hidden Costs’ of Homeownership Nearly $16,000 Per Year
Mortgage Delinquency Rate Up During Q3
The delinquency rate was up 6 basis points from the second quarter and up 7 basis points from the third quarter of 2024. Continue Reading Mortgage Delinquency Rate Up During Q3
Mortgage Application Activity Down by 2.6%
The refinance share of mortgage activity increased to 37.3% of total applications from 36.7% in the previous week. Continue Reading Mortgage Application Activity Down by 2.6%
Home Flipping Profits Down in Q1
The typical investor paid $260,000 for a home they flipped in the first quarter and sold the property for $325,000. Continue Reading Home Flipping Profits Down in Q1
RE/MAX: Home Sales Up for Fourth Consecutive Month
The median sales price also increased year-over-year for the 23rd straight month to reach $442,000. Continue Reading RE/MAX: Home Sales Up for Fourth Consecutive Month
Bing Crosby’s Northern California Estate Sells at Discounted $25 Million
The French chateau-style residence in Silicon Valley enclave of Hillsborough was built in 1929. Continue Reading Bing Crosby’s Northern California Estate Sells at Discounted $25 Million
Manhattan’s Rental Market Breaks New Price Record
Among property types, studio apartments in Manhattan recorded the greatest rent increase with a 9.5% year-over-year surge to an average of $3,400. Continue Reading Manhattan’s Rental Market Breaks New Price Record
Builder Confidence Sinks to Lowest Level Since December 2022
“Buyers are increasingly moving to the sidelines due to elevated mortgage rates and tariff and economic uncertainty,” said NAHB Chairman Buddy Hughes. Continue Reading Builder Confidence Sinks to Lowest Level Since December 2022
Mortgage Applications for New Home Purchases Down in May
The average loan size for new homes increased from $376,992 in April to $379,209 in May. Continue Reading Mortgage Applications for New Home Purchases Down in May
Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud
Drillman pleaded guilty in December 2023 to one count of conspiracy to commit wire fraud affecting a financial institution. Continue Reading Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud
Premier Mortgage Resources Debuts Specialty Products Division
“The mortgage landscape is evolving, and so are the needs of our clients,” said Cory Swain, CEO. Continue Reading Premier Mortgage Resources Debuts Specialty Products Division
Report: Typical Down Payment Level Down for First Time in Nearly 2 Years
Redfin attributed the drop in down payment levels to a slightly higher share of homebuyers using FHA and VA loans, which require lower down payments. Continue Reading Report: Typical Down Payment Level Down for First Time in Nearly 2 Years
