U.S. Housing Market
Georgia Senate Passes Bill to Cap Statewide Property Taxes
“We need to protect our homeowners from double-digit increases,” said Sen. Chuck Hufstetler. Continue Reading Georgia Senate Passes Bill to Cap Statewide Property Taxes
Home Values Decline for Sixth Consecutive Month
The monthly mortgage payment on a typical home is now $1,733, which 8.4% less expensive than one year ago. Continue Reading Home Values Decline for Sixth Consecutive Month
Federal Home Loan Bank of New York Invests $225 Million in NYC Affordable Housing Initiative
Last June, the FHLBNY and the HDC partnered on a $150 million bond purchase in support of more than 2,250 homes across HDC programs. Continue Reading Federal Home Loan Bank of New York Invests $225 Million in NYC Affordable Housing Initiative
Trump Economic Adviser: ‘The Whole Cabinet’ Working to Address Housing Issues
“We have got, like, everybody in the whole Cabinet working on trying to get housing to be more affordable,” Kevin Hassett said. Continue Reading Trump Economic Adviser: ‘The Whole Cabinet’ Working to Address Housing Issues
Ohio Governor Signs 5 Property Tax Relief Bills into Law
Gov. DeWine said the bills provide “meaningful relief” compared to a potential ballot measure that would eliminate property taxes. Continue Reading Ohio Governor Signs 5 Property Tax Relief Bills into Law
Existing Home Sales Down by Nearly 5%
First-time buyers were responsible for 28% of sales in January, down from 31% in December 2024 and identical to January 2024. Continue Reading Existing Home Sales Down by Nearly 5%
The Most Expensive US Home Listing Is…
The most expensive home sale in January was a Fifth Avenue apartment in New York City. Continue Reading The Most Expensive US Home Listing Is…
Report: 2024 Housing Market Gained $2.5 Trillion in Value
Major metros in the Northeast gained the most value in percentage terms in 2024. Continue Reading Report: 2024 Housing Market Gained $2.5 Trillion in Value
Ohio’s Glasshouse Realty Group Debuts Luxury Business Line
The company noted that properties sold for $500,000 or more accounted for 5.4% of its transactions in 2024. Continue Reading Ohio’s Glasshouse Realty Group Debuts Luxury Business Line
Mortgage Rates Inch Lower
The 30-year fixed-rate mortgage averaged 6.85% as of Feb. 20. Continue Reading Mortgage Rates Inch Lower
Foreclosed and Vacant Properties Were a Tiny Percent of Q1 Housing Market
Currently, only one in every 14,668 homes across has been vacated due to foreclosure. Continue Reading Foreclosed and Vacant Properties Were a Tiny Percent of Q1 Housing Market
Zillow: 62% of Black Buyers Purchased Their First Home in 2024
Zillow found that St. Louis was the most affordable housing market for typical Black households last year. Continue Reading Zillow: 62% of Black Buyers Purchased Their First Home in 2024
RE/MAX: New Listings and Inventory Up in January
The markets with the biggest year-over-year increase in new listings percentage were Seattle (+32.9%), Anchorage (+29.0%), and Des Moines (+28.4%). Continue Reading RE/MAX: New Listings and Inventory Up in January
Ground Broken for New 770-Acre Master-Planned Community in Texas
The community will include approximately 2,400 single-family home lots. Continue Reading Ground Broken for New 770-Acre Master-Planned Community in Texas
California Home Sales Slumped in January
January’s statewide median price of $838,850 was down 2.6% from December’s $861,020. Continue Reading California Home Sales Slumped in January
