U.S. Housing Market
New and Pending Home Sales Rising in Indiana
Indiana reports 7,106 closed home sales last month, a 3% increase from one year before, along with 8,591 new pending sales, an 8% surge from April 2025. According to data from the Indiana Association of Realtors (IAR), there were approximately 10,800 homes listed for...
Apartment Rents Record Slight Uptick in May
Apartment rents recorded an extremely mild 0.2% uptick in May, with the national average rising to $1,737 from April’s upwardly revised level of $1,733. According to data from Apartments.com, a CoStar Group (NASDAQ: CSGP) marketplace, May marked the sixth consecutive...
Home Sales Profits Down During Q1
The first quarter’s home prices held steady from the previous quarter at $360,000 but were up 3% year-over-year from $350,000 in the first quarter of 2025. Continue Reading Home Sales Profits Down During Q1
HUD and FHFA Update Credit Scoring Models
Mortgage Bankers Association President and CEO Bob Broeksmit said this was “an important next step in modernizing the credit scoring framework.” Continue Reading HUD and FHFA Update Credit Scoring Models
New Study Finds Hawaii Residents Spend the Highest Percentage of Income on Housing
Iowa residents have the lowest percentage of income spent on housing. Continue Reading New Study Finds Hawaii Residents Spend the Highest Percentage of Income on Housing
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
Foreclosure Activity Rises During First Half of the Year
During the second quarter, there were 100,687 residential properties with a foreclosure filing, up 7% from the previous quarter and up 13% from one year ago. Continue Reading Foreclosure Activity Rises During First Half of the Year
Kentucky Home Sales Up During June
The state’s median sales price of $285,000 was up 2.2% month-over-month and up 4% year-over-year. Continue Reading Kentucky Home Sales Up During June
CoStar Group CEO Andy Florance Blasts Zillow’s ‘Anticompetitive’ Ban on Private Listings
“How do agents and brokers keep earning commissions when Zillow aggressively holds the reins over four major real estate portals?” Florance asked. Continue Reading CoStar Group CEO Andy Florance Blasts Zillow’s ‘Anticompetitive’ Ban on Private Listings
Study: Detroit is the Top City for Property Tax Rates
When it comes to property taxes across the nation’s major cities, Detroit homeowners pay the highest amounts while their counterparts in Honolulu pay the lowest. According to the latest 50-State Property Tax Comparison Study published by the Lincoln Institute of Land...
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