U.S. Housing Market
Hits and Misses for the Real Estate Week of May 4-8
New listings on the rise, New York City’s mayor shoots his mouth off (twice), and the late Ted Turner’s property portfolio. Continue Reading Hits and Misses for the Real Estate Week of May 4-8
Report: Nearly Half of LA Wildfire Survivors Face New Peril as Temporary Housing Funds Expire
Currently, about two in three fire survivors are still displaced. Continue Reading Report: Nearly Half of LA Wildfire Survivors Face New Peril as Temporary Housing Funds Expire
VendorAbuse.com Debuts Florida HOA Watchlist
The watchlist is publicly accessible and includes a comprehensive guide to homeowner rights under HB 1203. Continue Reading VendorAbuse.com Debuts Florida HOA Watchlist
HUD Revises Environmental Review Requirements for Multifamily Developments
“This is about fixing policies that have made housing expensive and difficult to build,” said HUD Secretary Scott Turner. Continue Reading HUD Revises Environmental Review Requirements for Multifamily Developments
California Housing Affordability at Highest Level in 4 Years
A minimum annual income of $204,800 was required to make the monthly payment of $5,120 on a 30-year fixed-rate mortgage at 6.24% in California. Continue Reading California Housing Affordability at Highest Level in 4 Years
New Forecast Predicts Multifamily Vacancy Rate to Increase by Year’s End
“The near-term rent growth outlook was maintained after modest first-quarter rent trends fell in line with expectations,” said Grant Montgomery, national director of multifamily analytics at CoStar Group. Continue Reading New Forecast Predicts Multifamily Vacancy Rate to Increase by Year’s End
Mortgage Rates Up for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.37% as of May 7, up from last week when it averaged 6.30%. Continue Reading Mortgage Rates Up for Second Straight Week
Home Equity Rates Declined in Q1
ATTOM defined equity rich as the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market value. Continue Reading Home Equity Rates Declined in Q1
Urban Construction Accounted for 11% of New Q1 Listings
Seven metros had a majority of their new construction listings in urban ZIP Codes in the first quarter. Continue Reading Urban Construction Accounted for 11% of New Q1 Listings
Ownify Debuts Home Fund in Colorado
The Ownify Home Fund Colorado will allow qualified first-time buyers to buy their homes through a shared equity partnership rather than with mortgage debt. Continue Reading Ownify Debuts Home Fund in Colorado
ICE Blamed for Austin Multifamily Property Going to Special Servicing
The 294-unit Villas Del Sol property fell delinquent on its Freddie Mac loan Continue Reading ICE Blamed for Austin Multifamily Property Going to Special Servicing
Mortgage Application Activity Down While Home Prices Continue to Rise
The national median single-family existing-home price rose 0.5% year-over-year to $404,300 in the first quarter. Continue Reading Mortgage Application Activity Down While Home Prices Continue to Rise
Missouri Lawmakers Consider Resolution to Drop Property Taxes for Disabled Veterans
Currently, only disabled veterans who were prisoners of war qualify for property tax exemption in Missouri. Continue Reading Missouri Lawmakers Consider Resolution to Drop Property Taxes for Disabled Veterans
Zillow Preview Listings to Be Available on Realtor.com
The collaboration does not require a special login by users or either platform, and no brokerage relationship is required for access. Continue Reading Zillow Preview Listings to Be Available on Realtor.com
New Home Sales Surged 7.4% in March
The median sales price of new houses sold in March was $387,400, 5.3% decline from the February price of $409,000. Continue Reading New Home Sales Surged 7.4% in March
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