U.S. Housing Market
List Prices Record Steepest Annual Decline in 9 Years
“Eight straight months of falling prices and seven straight months of rising pending sales are not a contradiction,” said Danielle Hale, chief economist at Realtor.com. Continue Reading List Prices Record Steepest Annual Decline in 9 Years
Mortgage Application Activity Records Slight Uptick
The FHA share of total applications decreased to 16.9% from 17.9% the week prior. Continue Reading Mortgage Application Activity Records Slight Uptick
Hits and Misses for the Real Estate Week of May 18-22
Mortgage rates on the rise, predicting home sales in San Francisco, and the other Barbara Corcoran in the spotlight. Continue Reading Hits and Misses for the Real Estate Week of May 18-22
Virginia Home Sales Surged in April
The statewide median sales price in April was $439,945, up 3.5% from a year ago. Continue Reading Virginia Home Sales Surged in April
Senate Adjourns for Recess, Leaving Fate of Housing Bill on Hold
The housing bill is one of several contentious pieces of legislation being left unresolved by the Senate. Continue Reading Senate Adjourns for Recess, Leaving Fate of Housing Bill on Hold
Connecticut Cities Increase Fines Against Landlords with Blighted Properties
New Haven and Waterbury are fighting blight in their neighborhoods. Continue Reading Connecticut Cities Increase Fines Against Landlords with Blighted Properties
Kanye West’s Unfinished Malibu Beach House Back on the Market at Reduced Price
West purchased the property in 2021 for $57 million but left unfinished after a highly publicized but ill-fated renovation project. Continue Reading Kanye West’s Unfinished Malibu Beach House Back on the Market at Reduced Price
Mortgage Rates at 10-Month Low
“Purchase application activity is improving as borrowers take advantage of the decline in mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates at 10-Month Low
Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year
Most of the international buyers of Texas houses came from Mexico (30%), followed by Canada and China (each at 8%), India (7%), and Nigeria (6%). T Continue Reading Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year
Q2 Mortgage Delinquency Rate Down Slightly
The delinquency rate was down 11 basis points from the first quarter and down 4 basis points from the second quarter of 2024. Continue Reading Q2 Mortgage Delinquency Rate Down Slightly
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
Recent Posts
National Luxury Housing Threshold Down During August- Lawsuits Filed Against 9-Person Team Behind Texas Deed Theft Ring
- Report: Property Insurance Accounts for 9.6% of Average Mortgage Payment
- Existing Home Sales Slowed in August Despite a Nearly 7-Year Inventory High
- Jerome Powell Sells Maryland Mansion for $7.2 Million
