U.S. Housing Market
Are Buyers Willing to Overlook Property and Neighborhood Flaws Just to Get a Home?
50% of survey respondents said they would buy in an area with high or increasing crime. Continue Reading Are Buyers Willing to Overlook Property and Neighborhood Flaws Just to Get a Home?
Missouri Realtors Oppose Initiative to Replace State Income Tax with Increased Sales Taxes
The organization donated $1.9 million to the campaign opposing Amendment 5. Continue Reading Missouri Realtors Oppose Initiative to Replace State Income Tax with Increased Sales Taxes
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
Single-Family Housing Starts Surge by Nearly 10%
Single-family authorizations in March were at a rate of 895,000, which is 3.8% below the revised February figure of 930,000. Continue Reading Single-Family Housing Starts Surge by Nearly 10%
Building Permits for Apartments Down 23% Since the Pandemic Construction Boom
San Jose led the nation with the greatest median asking rent increase – 8.8% year-over-year in July to $3,569. Continue Reading Building Permits for Apartments Down 23% Since the Pandemic Construction Boom
Indiana Home Sales Up 9% From One Year Ago
Last month’s median price of $275,000 was unchanged from June and 5% above the price in July 2024. Continue Reading Indiana Home Sales Up 9% From One Year Ago
Foreclosure Activity Up 13% Year-Over-Year
Lenders started the foreclosure process on 24,302 properties last month, up 12% from June and up 11% from July 2024. Continue Reading Foreclosure Activity Up 13% Year-Over-Year
Jennifer Beeston Debuts ’60-Minute Homebuyer’ Course
“When people truly understand the process, they will succeed,” said Beeston. Continue Reading Jennifer Beeston Debuts ’60-Minute Homebuyer’ Course
$110 Million LA Estate of Aaron Spelling Tops List of July’s Most Expensive Home Sales
The Spelling Manor’s $110 million sale price was far greater than the runner-up on the list, a $51 million transaction in Delray Beach, Florida. Continue Reading $110 Million LA Estate of Aaron Spelling Tops List of July’s Most Expensive Home Sales
Refinancing Surge Fuels Rise in Mortgage Application Activity
The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 10.9% on a seasonally adjusted basis from one week earlier. Continue Reading Refinancing Surge Fuels Rise in Mortgage Application Activity
California Home Affordability Improves Slightly From One Year Ago
For the state’s condo/townhome markets, only 25% of homebuyers were able to purchase those $670,000 median-priced residences. Continue Reading California Home Affordability Improves Slightly From One Year Ago
Three Out of Four Metro Areas Saw Q2 Home Price Increases
The national median single-family existing-home price reached a record high at $429,400. Continue Reading Three Out of Four Metro Areas Saw Q2 Home Price Increases
Mid-Atlantic Home Sales Decline While Higher-End Properties Fuel Median Price Upswing
By the end of July, there were 23,804 listings available for sale across the Bright MLS service area, a 26.2% year-over-year spike. Continue Reading Mid-Atlantic Home Sales Decline While Higher-End Properties Fuel Median Price Upswing
Trump Hints at Merged Fannie-Freddie with November Listing on NYSE
Trump has recently met at the White House with several chief executives at major banks to discuss strategies for the privatization of Fannie Mae and Freddie Mac. Continue Reading Trump Hints at Merged Fannie-Freddie with November Listing on NYSE
