U.S. Housing Market Updates
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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
Additional Reading: MOST POPULAR U.S. HOUSING MARKET News & Headlines
Report: 15% of Home Purchase Agreements Canceled in September
San Francisco, New York’s Nassau County (Long Island) and San Jose had the lowest shares of contract cancellations in September, under 7% each. Continue Reading Report: 15% of Home Purchase Agreements Canceled in September
Mortgage Application Activity Declines for Fourth Straight Week
The Refinance Index increased by 4% and was 81% higher than the same week one year ago. Continue Reading Mortgage Application Activity Declines for Fourth Straight Week
Report: 70 New Down Payment Assistance Programs Launched During Q3
More than 2,000 counties now have 10 or more down payment assistance programs available for homebuyers. Continue Reading Report: 70 New Down Payment Assistance Programs Launched During Q3
Pending Home Sales Up by 2% in February
“Despite the modest monthly increase, contract signings remain well below normal historical levels,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Up by 2% in February
Residency Requirements Changed on FHA-Insured Mortgages to Shut Out Illegal Immigrants
“There will be no more illegal aliens getting HUD-backed home loans,” said Secretary Turner. Continue Reading Residency Requirements Changed on FHA-Insured Mortgages to Shut Out Illegal Immigrants
Homeownership Expenses Consume One-Third of National Average Wage
Nationwide, the typical $2,021 cost of mortgage payments, homeowner insurance, mortgage insurance and property taxes is down 0.7% quarterly. Continue Reading Homeownership Expenses Consume One-Third of National Average Wage
Idaho’s Gov. Little Signs $100 Million Property Tax Cut into Law
The bill passed unanimously in both houses of the legislature. Continue Reading Idaho’s Gov. Little Signs $100 Million Property Tax Cut into Law
Minnesota in Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
MV Realty is permanently banned from doing business in Minnesota. Continue Reading Minnesota in Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
Maine Home Sales up 6.51%
A total of 753 home sales were closed in Maine last month, a 6.51% increase from the 707 sales transacted in February 2024. According to data from the Main Association of Realtors, the statewide median sales price for those sales was $381,500, a 9% jump from the...
Kolter Homes Unveils New 55+ Community in Florida
The community will feature over 800 homes. Continue Reading Kolter Homes Unveils New 55+ Community in Florida
Sluggish Refinance Activity Drives Down Mortgage Application Levels
The Refinance Index decreased 5% from the previous week, although it was 63% higher than the same week one year ago. Continue Reading Sluggish Refinance Activity Drives Down Mortgage Application Levels
Survey: Nearly Half of Renters Feel Homeownership is Out of Reach
GenZ renters were the most optimistic, with 53% believing homeownership was very or somewhat possible. Continue Reading Survey: Nearly Half of Renters Feel Homeownership is Out of Reach
Virginia Home Sales Down 9%
The February median sales price in Virginia was $403,500. Continue Reading Virginia Home Sales Down 9%
