U.S. Housing Market
Mortgage Delinquencies Decline While Prepayment Activity Nears a 4-Year High
The foreclosure inventory rose to 273,000 in March, up from 213,000 a year ago, marking the largest such volume since February 2020. Continue Reading Mortgage Delinquencies Decline While Prepayment Activity Nears a 4-Year High
Initiative to Create Ballot Measure on Eliminating Ohio Property Taxes is Falling Short of Goals
The Committee to Abolish Property Tax in Ohio needs to secure more than 413,000 signatures from at least half of Ohio’s 88 counties by July 1. Continue Reading Initiative to Create Ballot Measure on Eliminating Ohio Property Taxes is Falling Short of Goals
Survey: 3 in 5 Fear Loss of Jobs to AI Will Impact Housing Market
Redfin cited estimates that predicted AI could displace up to 30% of US jobs, with 80% of workers affected in some way. Continue Reading Survey: 3 in 5 Fear Loss of Jobs to AI Will Impact Housing Market
Buffalo Mayor Floats 25% Property Tax Hike for Closing City’s Budget Deficit
To fill in the deficit, some proposals being considered include a $20 to $30 increase on property taxes. Continue Reading Buffalo Mayor Floats 25% Property Tax Hike for Closing City’s Budget Deficit
Maine Home Values Increased in February While Sales Declined
February’s home sales across the Northeast were down 4.1% year-over-year while the median sales price rose by 3.3% to $479,800. Continue Reading Maine Home Values Increased in February While Sales Declined
New Joint Venture to Develop 243-Unit Rental Community in Denver Suburb
The project is being financed through a $57 million construction loan facility from JPMorgan Chase. Continue Reading New Joint Venture to Develop 243-Unit Rental Community in Denver Suburb
Report: Active Listings Exceed Pre-Pandemic Levels in 22 of 50 Largest Metros
Denver recorded the largest recovery from the pandemic era with a 100% increase in available homes compared to 2017–2019 averages. Continue Reading Report: Active Listings Exceed Pre-Pandemic Levels in 22 of 50 Largest Metros
Refinancing Fuels Upswing in Mortgage Application Activity
The Refinance Index increased 7% from the previous week and was 40% higher than the same week one year ago. Continue Reading Refinancing Fuels Upswing in Mortgage Application Activity
New Oregon Agency to Bolster State’s Housing Production
“My North Star is for every Oregonian to be able to afford a home,” said Gov. Tina Kotek in a statement. Continue Reading New Oregon Agency to Bolster State’s Housing Production
Missouri to Host Public Meetings to Discuss Property Tax Reform
Six public meetings will be held from mid-July through early September. Continue Reading Missouri to Host Public Meetings to Discuss Property Tax Reform
Report: Condo Prices Drop in Second Largest Decline on Record
Condo sales were down 11.9% year-over-year in May, the largest decline since June 2024. Continue Reading Report: Condo Prices Drop in Second Largest Decline on Record
Rocket Companies Completes Acquisition of Redfin
Redfin has adopted a new brand identity as “Redfin Powered by Rocket.” Continue Reading Rocket Companies Completes Acquisition of Redfin
California’s Environmental Law Rewritten to Create More Housing
“This is the most consequential housing reform in modern history in the state of California,” said Gov. Newsom. Continue Reading California’s Environmental Law Rewritten to Create More Housing
NYC Panel Approves Hike on Rent-Stabilized Apartments of Up to 4.5%
The rent hikes exceeded the levels sought by Mayor Eric Adams. Continue Reading NYC Panel Approves Hike on Rent-Stabilized Apartments of Up to 4.5%
Florida Gov. DeSantis Vetoes Bill for $1 Million Study on Ending Property Tax
“We know what needs to be done, so let’s just do it,” said DeSantis. “And we will do it.” Continue Reading Florida Gov. DeSantis Vetoes Bill for $1 Million Study on Ending Property Tax
Recent Posts
Hits and Misses for the Real Estate Week of June 29-July 3- Two Harbors Stockholders Approve Merger with CrossCountry Mortgage
- Toronto Home Sales Surge Amid Decline in New Listings
- Historic Pittsburgh Site of National Negro Opera Company Receives $1.75 Mil…
- Jenni Bonura Named Chief Growth Officer at First Multiple Listing Service
