U.S. Housing Market
Mortgage Application Activity Dips by 1.6%
The FHA share of total applications decreased to 17.2% from 18.2%. Continue Reading Mortgage Application Activity Dips by 1.6%
HUD and USDA Rescind Biden’s Energy Mandate on New Home Construction
“We are removing a significant regulatory barrier that added tens of thousands of dollars to the cost of a new home,” said HUD Secretary Scott Turner. Continue Reading HUD and USDA Rescind Biden’s Energy Mandate on New Home Construction
Illinois Home Prices Rise While Sales Decline
February’s median price of $295,000 was 3.9% more than the $284,000 price recorded one year before. Continue Reading Illinois Home Prices Rise While Sales Decline
TransUnion Debuts Platform for Property Ownership Confirmations
TruLookup for Real Estate will be available in early April. Continue Reading TransUnion Debuts Platform for Property Ownership Confirmations
HUD Probes Washington State Homeownership Program for Fair Housing Act Violations
“DEI is dead at HUD,” said Secretary Scott Turner. Continue Reading HUD Probes Washington State Homeownership Program for Fair Housing Act Violations
Honolulu City Council Considers Property Tax Relief Measures
Budget and Fiscal Services Director Andy Kawano warned that these measures could result in lost revenue that is not easily replaced. Continue Reading Honolulu City Council Considers Property Tax Relief Measures
Mortgage Rates Remain Flat
Fannie Mae predictied mortgage rates will end 2025 and 2026 at 6.4% and 6.0%, respectively. Continue Reading Mortgage Rates Remain Flat
New Single-Family Home Sales Up Slightly During June
Sales of new single-family houses in were at a seasonally adjusted annual rate of 627,000 during June, according to estimates released by the US Census Bureau and the Department of Housing and Urban Development. The sales activity is a mild 0.6% rise above the May...
Home Sale Profits Up Slightly During Q2
In pure dollar figures, the large metro areas with the highest typical profit on a home sale were all on the West Coast. Continue Reading Home Sale Profits Up Slightly During Q2
Chicago Mayor Downplays CFO’s Remarks of a ‘Likely’ Property Tax Hike
“We have a working group that is coming up with a lot of ideas,” said Mayor Johnson. Continue Reading Chicago Mayor Downplays CFO’s Remarks of a ‘Likely’ Property Tax Hike
Florida’s Single-Family Home Sales Up in June, Down for Q2
The statewide median sales price for single-family existing homes last month was $412,000, down 3.5% compared to June 2024. Continue Reading Florida’s Single-Family Home Sales Up in June, Down for Q2
New York State Housing Inventory Expands to Nearly a 3-Year High
The state’s home prices were up for the 23rd straight month. Continue Reading New York State Housing Inventory Expands to Nearly a 3-Year High
Pilot Program to Enable Bitcoin Purchases of New Florida Construction Properties
ByteFederal is also teaming with OPISAS, an international real estate firm, to enable cryptocurrency purchases in Florida by foreign investors. Continue Reading Pilot Program to Enable Bitcoin Purchases of New Florida Construction Properties
Existing Home Sales Down, Median Home Price at New High
This marked the 24th consecutive month of year-over-year price increases. Continue Reading Existing Home Sales Down, Median Home Price at New High
Mortgage Application Activity Inches Up Again
The FHA share of total applications decreased to 18.7% from 19% the week prior. Continue Reading Mortgage Application Activity Inches Up Again
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