U.S. Housing Market
Gov. DeSantis Offers Property Tax Relief Proposal Ahead of Special Legislative Session
Under the governor’s plan, the first $250,000 of a homestead’s value is exempt from taxation and will be subject to a schedule for full elimination. Continue Reading Gov. DeSantis Offers Property Tax Relief Proposal Ahead of Special Legislative Session
New York State Passes Pied-à-Terre Tax Aimed at NYC’s Luxury Second Homes
Gov. Hochul claimed the new tax could generate as much as $500 million per year for the cash-strapped city, which is operating on a $5.4 billion deficit. Continue Reading New York State Passes Pied-à-Terre Tax Aimed at NYC’s Luxury Second Homes
Pending Home Sales Up 1.5% in March
Month-over-month pending home sales increased in the Northeast and South but declined in the Midwest and West. Continue Reading Pending Home Sales Up 1.5% in March
Report: Land Prices Soared 77% Since the Pandemic
Raw land has appreciated the most of any development category, up 86.5% since the first quarter of 2019. Continue Reading Report: Land Prices Soared 77% Since the Pandemic
PennyMac Unveils Special Mortgage Program for Team USA Olympic Athletes
PennyMac Financial Services Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT), the Official Mortgage Provider of Team USA and the 2028 Los Angeles Olympic and Paralympic Games, had unveiled the “Welcome Home: Athlete Mortgage Program,” an initiative...
HUD Enacts 90-Day Foreclosure Moratorium on FHA Mortgages in Texas Flood Region
“Our hearts break as we witness the catastrophe unfolding in Texas,” said HUD Secretary Turner. Continue Reading HUD Enacts 90-Day Foreclosure Moratorium on FHA Mortgages in Texas Flood Region
A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans
The FHFA director’s announcement on the use of VantageScore 4.0 might come with a few problems. Continue Reading A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans
Asking Rents Down for Fourth Straight Month
On a month-over-month basis, asking rents rose 0.6%. Continue Reading Asking Rents Down for Fourth Straight Month
Mortgage Application Activity Up 9.4%
The Refinance Index increased 9% from the previous week and was 56% higher than the same week one year ago. Continue Reading Mortgage Application Activity Up 9.4%
FTC to Reimburse Consumers Impacted by Home Improvement Finance Firm
The FTC will send checks and PayPal payments to 960 affected consumers. Continue Reading FTC to Reimburse Consumers Impacted by Home Improvement Finance Firm
Capital One to Close Discover’s Home Equity Lending Business
The company said it “will continue to process applications that are in progress.” Continue Reading Capital One to Close Discover’s Home Equity Lending Business
Housing Inventory Expands, But Delistings Are Also on the Rise
Delistings are growing faster than active inventory at 31.5%. Continue Reading Housing Inventory Expands, But Delistings Are Also on the Rise
Gannett in Partnership to Bring Real Estate Listings Across USA Today Network
Later this summer, USA Today will also launch “Homes Across America,” a photo gallery spotlighting homes across the country in a mix of styles and price ranges. Continue Reading Gannett in Partnership to Bring Real Estate Listings Across USA Today Network
Skydan Equity Partners Debuts ‘Buy Before You Sell’ Program
“Millions of homeowners face the stress of having to sell before buying—or risk losing out on their dream home,” said James Stillo, president and CEO of Skydan Group. Continue Reading Skydan Equity Partners Debuts ‘Buy Before You Sell’ Program
Report: Fewer Canadians Seeking to Buy US Homes
Historically, Canadians have made up the largest portion of international homebuyers in the US. Continue Reading Report: Fewer Canadians Seeking to Buy US Homes
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