U.S. Housing Market
Grant Cardone Calls on Trump to Extend Bonus Depreciation to Homeowners
Cardone said he “floated this concept to administration a week ago” and the president liked the idea. Continue Reading Grant Cardone Calls on Trump to Extend Bonus Depreciation to Homeowners
Pennsylvania Home Sales and Prices Dropped in December
The decline in sales was mirrored by a decline in new listings – 30,595 in December, compared to 34,812 one year earlier. Continue Reading Pennsylvania Home Sales and Prices Dropped in December
Home Flipping Activity and Profits Down During Q3
A typical flipped home in the third quarter was purchased by an investor at a national median price of $260,000 and sold at a national median of $320,000. Continue Reading Home Flipping Activity and Profits Down During Q3
Mid-Atlantic Region Home Sales Down in November
“Even with somewhat lower mortgage rates, homebuyers and sellers are still very cautious,” said Lisa Sturtevant, Bright MLS chief economist. Continue Reading Mid-Atlantic Region Home Sales Down in November
Mortgage Application Activity Up by Nearly 5%
The FHA share of total applications increased to 20.2% from 18.3% the week prior. Continue Reading Mortgage Application Activity Up by Nearly 5%
Zillow: Climate Risks Threaten Trillions of Dollars in Real Estate
The New York City metro area has the highest total value of homes at major risk of flood and extreme wind Continue Reading Zillow: Climate Risks Threaten Trillions of Dollars in Real Estate
Report: Typical Homeowner Stays in Residence for 11.8 Years
The median homeownership tenure is shortest in Louisville, Kentucky (8 years). Continue Reading Report: Typical Homeowner Stays in Residence for 11.8 Years
Evergreen Home Loans Expands into New Mexico
The company is opening new branches in Albuquerque and Carlsbad, under the leadership of Area Manager Barry Abt. Continue Reading Evergreen Home Loans Expands into New Mexico
Mortgage Application Activity Up 11.2%
The VA share of total applications increased to 15.9% from 14.6% from the week before. Continue Reading Mortgage Application Activity Up 11.2%
Report: HUD to End Biden Program for Energy Efficiency Upgrades to Affordable Housing
The Green and Resilient Retrofit Program was passed by Congress in 2022. Continue Reading Report: HUD to End Biden Program for Energy Efficiency Upgrades to Affordable Housing
Foreclosure Activity Up During February
Lenders started the foreclosure process on 22,730 residential properties in February. Continue Reading Foreclosure Activity Up During February
Mortgage Credit Availability at Highest Level in a Year
“Mortgage credit availability in February increased for the third consecutive month,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability at Highest Level in a Year
Rep. Rosa DeLauro: GOP Continuing Resolution Will Raise Housing Costs and Fuel Evictions
“This blank check to unelected billionaire Elon Musk fails to lower the cost of housing,” said DeLauro. Continue Reading Rep. Rosa DeLauro: GOP Continuing Resolution Will Raise Housing Costs and Fuel Evictions
Report: America’s Wealthiest 1% Could Buy Up 99% of the Nation’s Homes
The wealthiest 1% own a disproportionate 13.4% share of US real estate. Continue Reading Report: America’s Wealthiest 1% Could Buy Up 99% of the Nation’s Homes
NYC Completed Nearly 34,000 New Homes in 2024
Only 15,626 permits for new housing were received last year. Continue Reading NYC Completed Nearly 34,000 New Homes in 2024
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