U.S. Housing Market
HUD Proposes Rule to Force Noncitizens Out of Public Housing
“HUD’s proposed rule will guarantee that all residents in HUD-funded housing are eligible tenants,” said Secretary Scott Turner. Continue Reading HUD Proposes Rule to Force Noncitizens Out of Public Housing
30-Year Fixed-Rate Mortgage Sinks to 6.01%
A year ago at this time, it averaged 6.85%. Continue Reading 30-Year Fixed-Rate Mortgage Sinks to 6.01%
Virginia Home Sales Up 7.3% in December
Virginia’s median sales price was $415,000, up $1,510 from last year for an increase of less than 1%. Continue Reading Virginia Home Sales Up 7.3% in December
Grant Cardone Calls on Trump to Extend Bonus Depreciation to Homeowners
Cardone said he “floated this concept to administration a week ago” and the president liked the idea. Continue Reading Grant Cardone Calls on Trump to Extend Bonus Depreciation to Homeowners
Pennsylvania Home Sales and Prices Dropped in December
The decline in sales was mirrored by a decline in new listings – 30,595 in December, compared to 34,812 one year earlier. Continue Reading Pennsylvania Home Sales and Prices Dropped in December
Hits and Misses for the Real Estate Week of May 19-23
An unholy misuse of eminent domain, a ritzy Los Angeles mansion with a significant stigma, and a Maine broker running for governor. Continue Reading Hits and Misses for the Real Estate Week of May 19-23
New Home Sales Surged in April
The median sales price of new houses sold in April was $407,200. Continue Reading New Home Sales Surged in April
Housing Inventory Up 30.6%, a New Post-Pandemic High
A greater choice of homes for sale did not translate into a surge in homebuying. Continue Reading Housing Inventory Up 30.6%, a New Post-Pandemic High
Illinois Home Sales Decline While Housing Inventory Grows
For the nine-county Chicago metro area, a total of 7,857 homes were sold last month, down 4.2% from April 2024. Continue Reading Illinois Home Sales Decline While Housing Inventory Grows
Alabama Home Sales Dropped in April
The median sales price of $224,967 marked a 2.2% monthly decrease ($5,033) and an annual increase of 13.3% from the $198,486 price recorded one year earlier. Continue Reading Alabama Home Sales Dropped in April
Home Sales and Prices Down in Florida
The statewide median sales price for single-family existing homes last month was $412,734, down 4% from the previous year. Continue Reading Home Sales and Prices Down in Florida
Report: Connecticut’s Severe Housing Shortage Was a Long Time in the Making
The state’s price increases of 63.7% over the past five years outpaced the national average of 55.5%. Continue Reading Report: Connecticut’s Severe Housing Shortage Was a Long Time in the Making
New York State Records 6.2% Drop in Home Sales
The state’s median price of homes increased for the 21st straight month. Continue Reading New York State Records 6.2% Drop in Home Sales
Mortgage Rates Inch Up
The 30-year fixed-rate mortgage averaged 6.86% as of May 22, up from last week when it averaged 6.81%. Continue Reading Mortgage Rates Inch Up
Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain
The property is slated to be auctioned on June 18 by Paramount Realty USA. Continue Reading Chicago Suburb Threatens to Seize Pope Leo’s Childhood Home Through Eminent Domain
