U.S. Housing Market
Alabama Home Sales Up During March
During March, Alabama’s median home price of $262,009 was a 4.8% month-over-month increase and a 20.8% year-over-year spike. Continue Reading Alabama Home Sales Up During March
New Reports Find Home Price Acceleration Continues to Weaken
“Monthly data offered a modest seasonal lift without underlying momentum,” said Nicholas Godec, head of fixed income tradables and commodities at S&P Dow Jones Indices. Continue Reading New Reports Find Home Price Acceleration Continues to Weaken
Report: Nearly 14% of Home Sale Agreements Fell Through During February
Contract cancellations rose most in Los Angeles, to 15% in February from 12.1% one year earlier. Continue Reading Report: Nearly 14% of Home Sale Agreements Fell Through During February
Report: Mobile Home Median Listing Price Down 5.7% Year-Over-Year
“Mobile homes offer a unique opportunity to build equity with a significantly lower monthly housing payment,” said Joel Berner, senior economist at Realtor.com. Continue Reading Report: Mobile Home Median Listing Price Down 5.7% Year-Over-Year
New Mexico State Fair Site to be Redeveloped with Housing and a Stadium
The project can only proceed as designed if several privately owned parcels at the southwest corner of the fairgrounds can be acquired. Continue Reading New Mexico State Fair Site to be Redeveloped with Housing and a Stadium
Hits and Misses for the Real Estate Week of July 14-18
A spike in foreclosure filings, Ohio’s dueling property tax relief efforts, and a congressman facing eviction. Continue Reading Hits and Misses for the Real Estate Week of July 14-18
RE/MAX: Home Sales Up for Fifth Straight Month
June’s median sales price of $440,000 was a 2/8% increase from the prior month. Continue Reading RE/MAX: Home Sales Up for Fifth Straight Month
Q2 Home Sales in Texas Up 1.4%
The statewide median price was $340,000, down 1.4% from the same quarter last year. Continue Reading Q2 Home Sales in Texas Up 1.4%
New Legislation Seeks to Address Systemic Bias in Home Appraisals
Six Democratic senators cosponsored the bill. Continue Reading New Legislation Seeks to Address Systemic Bias in Home Appraisals
New Bipartisan Bill Seeks Government Support for ADU Construction
The lawmakers stated the construction of new ADUs is needed to address the national housing shortage. Continue Reading New Bipartisan Bill Seeks Government Support for ADU Construction
Single-Family Housing Starts and Permits Down in June
Privately-owned housing were at a seasonally adjusted annual rate of 1.321 million, which is 4.6% above the revised May estimate of 1.26 million. Continue Reading Single-Family Housing Starts and Permits Down in June
California Home Sales Up, Reversing 3-Month Slump
California’s median home price fell for the second straight month in June to $899,560. Continue Reading California Home Sales Up, Reversing 3-Month Slump
Mortgage Rates on the Rise Again
The 30-year fixed-rate mortgage averaged 6.75% as of July 17. Continue Reading Mortgage Rates on the Rise Again
Mortgage Applications on New Home Purchases Up 8.5% from Last Year
The average loan size for new homes decreased from $379,209 in May to $376,077 in June. Continue Reading Mortgage Applications on New Home Purchases Up 8.5% from Last Year
Builder Confidence Inches Up Slightly
The latest HMI survey found 38% of builders cutting prices in July, the highest percentage since NAHB began tracking this figure in 2022. Continue Reading Builder Confidence Inches Up Slightly
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