U.S. Housing Market Updates
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Pending Home Sales Up by Nearly 2%
On a regional basis, month-over-month pending home sales were up in the Northeast, Midwest and South but declined in the West. Continue Reading Pending Home Sales Up by Nearly 2%
Maine Home Sales Up 10.73% from Last Year
The median sales price for homes sold hit $426,000, up 7.85% from October 2024. Continue Reading Maine Home Sales Up 10.73% from Last Year
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Advanced Real Estate Pays $41 Million for 138-Unit Southern California Apartment Community
This is the first purchase for Advanced’s new Opportunity Fund (Advanced Fund 24-3). Continue Reading Advanced Real Estate Pays $41 Million for 138-Unit Southern California Apartment Community
NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers
NewDay USA said this new product will allow veterans to “compete like cash buyers and close in as few as 15 days.” Continue Reading NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers
JLL Capital Markets Secures $565 Million Construction Financing for New Miami Luxury Condo Tower
As of last month, The Residences at 1428 is 57% presold. Continue Reading JLL Capital Markets Secures $565 Million Construction Financing for New Miami Luxury Condo Tower
Mortgage Rates Remain Flat
Sam Khater, Freddie Mac’s chief economist, noted that “rates are lower and have remained stable for weeks.” Continue Reading Mortgage Rates Remain Flat
NAR: Q1 Home Prices Up in 83% of Metro Markets
“Most metro markets continue to set new record highs for home prices,” said NAR Chief Economist Lawrence Yun. Continue Reading NAR: Q1 Home Prices Up in 83% of Metro Markets
Q1 Home Equity Levels Down Slightly
The level of equity richness in homes was down in 47 states and the District of Columbia on a quarter-over-quarter basis. Continue Reading Q1 Home Equity Levels Down Slightly
Washington State Rent Cap Bill Signed into Law
The Rental Housing Association of Washington is considering legal action to challenge the new law. Continue Reading Washington State Rent Cap Bill Signed into Law
Active Listings in Washington, DC Metro Area Up 25.1% from Last Year
The median home sale price rose 4.1% year-over-year to $600,964 during the four weeks ending April 27. Continue Reading Active Listings in Washington, DC Metro Area Up 25.1% from Last Year
Roughly One-Third of Non-Homeowners Don’t Expect to Buy a Home in the Next Five Years
72% of respondents said it is a bad time to buy a house and 26% say it is a good time. Continue Reading Roughly One-Third of Non-Homeowners Don’t Expect to Buy a Home in the Next Five Years
Lennar Opens New 55+ Master-Planned Community in South Carolina
Pricing ranges from the mid $300,000s to low $600,000s. Continue Reading Lennar Opens New 55+ Master-Planned Community in South Carolina
No Laughing Matter: Jim Carrey Cuts Price Again on LA Estate
Carrey acquired the property in 1994 for $3.8 million and listed it in February 2023 for nearly $29 million. Continue Reading No Laughing Matter: Jim Carrey Cuts Price Again on LA Estate
Mortgage Application Activity Rebounds with 11% Upswing
The seasonally adjusted Purchase Index increased 11% from one week earlier while the unadjusted index was 12% higher. Continue Reading Mortgage Application Activity Rebounds with 11% Upswing
Survey: One-Third of Nevada Voters Considered Leaving the State Due to Housing Costs
Median home prices have approached or exceeded $600,000 in some of the state’s markets. Continue Reading Survey: One-Third of Nevada Voters Considered Leaving the State Due to Housing Costs
