U.S. Housing Market
Mortgage Rates Are Back on the Rise
The 30-year fixed-rate mortgage averaged 6.52% as of June 11. Continue Reading Mortgage Rates Are Back on the Rise
Foreclosure Filings Down Month-Over-Month But Continue Rising Year-Over-Year
“While foreclosure activity eased from April levels, the broader trend remains one of gradual year-over-year growth,” said Rob Barber, CEO at ATTOM. Continue Reading Foreclosure Filings Down Month-Over-Month But Continue Rising Year-Over-Year
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
Mortgage Applications for New Home Purchases Inch Up by 1% from Last Year
The average loan size for new homes increased from $372,745 in July to $374,288 in August. Continue Reading Mortgage Applications for New Home Purchases Inch Up by 1% from Last Year
Builder Confidence Holds Steady
“NAHB expects the Fed to cut the federal funds rate at their meeting this week, which will help lower interest rates for builder and developer loans,” said Chief Economist Robert Dietz. Continue Reading Builder Confidence Holds Steady
FHLBank Atlanta Announces $11.7 Million in Grants for Affordable Multifamily Rental Housing Development
Grant applications are now being accepted through Oct. 3. Continue Reading FHLBank Atlanta Announces $11.7 Million in Grants for Affordable Multifamily Rental Housing Development
California Lawmakers Approve Bill for Building High-Density Housing Near Transit Hubs
It was supported by labor unions who were pleased with the bill’s provisions regarding a mandate for union workers on the new construction. Continue Reading California Lawmakers Approve Bill for Building High-Density Housing Near Transit Hubs
Redfin: 19.5% Fewer Canadians Searching for US Properties Since Last Year
Historically, Canadians have made up the largest portion of international homebuyers in the US. Continue Reading Redfin: 19.5% Fewer Canadians Searching for US Properties Since Last Year
Linkhome Holdings Unveils Platform for Purchasing Real Estate with Cryptocurrency
Investors and homebuyers can use cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC) to complete property transactions on Linkhome’s AI-driven platform. Continue Reading Linkhome Holdings Unveils Platform for Purchasing Real Estate with Cryptocurrency
Hits and Misses for the Real Estate Week of Sept. 8-12
Trump administration officials acting strangely, a bill to protect Ohio seniors from foreclosure, and a nation experiencing its fifth blackout in a year. Continue Reading Hits and Misses for the Real Estate Week of Sept. 8-12
MBA Chief Argues Against Fannie-Freddie Merger
“Competition between Fannie Mae and Freddie Mac has been central to their success in providing liquidity and stability to the mortgage market,” Broeksmit explained. Continue Reading MBA Chief Argues Against Fannie-Freddie Merger
5-Unit, 125-Year-Old Connecticut Multifamily Property Sells for $1.7 Million
National Multifamily Corp. President Matt Cawley represented the seller, BPC Capital Management LLC, and procured the buyer, BBB Investors LLC. Continue Reading 5-Unit, 125-Year-Old Connecticut Multifamily Property Sells for $1.7 Million
Michigan Credit Union Offers Mortgages at 4.99% Rate
Michigan Legacy has more than $218 million in assets and is designated as a “low-income credit union.” Continue Reading Michigan Credit Union Offers Mortgages at 4.99% Rate
