U.S. Housing Market
December New Home Purchase Mortgage Applications Up by 2.5%
The average loan size for new homes increased from $378,063 in November to $380,607 in December. Continue Reading December New Home Purchase Mortgage Applications Up by 2.5%
Kamala Harris Drops $8.15 Million on Malibu Mansion
The area is home to prominent Hollywood stars and high-tech titans. Continue Reading Kamala Harris Drops $8.15 Million on Malibu Mansion
Mortgage Application Activity Remains Mostly Flat
“The government purchase index, which includes FHA, VA, and USDA applications, increased 9 percent and had the strongest week since 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Remains Mostly Flat
New Bill Would End Biden-Era Environmental Policies Impacting the Housing Market
Rep. Andy Biggs (R-AZ) introduced companion legislation in the House of Representatives. Continue Reading New Bill Would End Biden-Era Environmental Policies Impacting the Housing Market
New Data Points to Deceleration in Home Prices
Chicago, New York and Boston reported the highest year-over-year gains with year-over-year price increases of 5.5%, 5.2% and 4.1%, respectively. Continue Reading New Data Points to Deceleration in Home Prices
Existing Home Sales Up in December
First-time buyers were responsible for 31% of sales in December. Continue Reading Existing Home Sales Up in December
California Attorney General Charges Real Estate Agent with Price Gouging Wildfire Victims
The real estate agent was not identified by Bonta’s office, although media reports identified him as Mike Kobeissi of Kobeissi Properties. Continue Reading California Attorney General Charges Real Estate Agent with Price Gouging Wildfire Victims
Wisconsin Home Sales Up 9.2% Year-Over-Year
The median price rose 13% to $305,000, the strongest price appreciation of the year. Continue Reading Wisconsin Home Sales Up 9.2% Year-Over-Year
Mortgage Rates Drop Below 7%
The 30-year fixed-rate mortgage averaged 6.96% as of Jan. 23. Continue Reading Mortgage Rates Drop Below 7%
Home Selling Profits Down in 2024 Despite Price Gains
The median home price increased year-over-year by 4.9% percent in 2024, reaching a new record high of $350,000. Continue Reading Home Selling Profits Down in 2024 Despite Price Gains
Report: Renters Need to Earn $63,680 to Afford a Typical Apartment
Among the nation’s 44 major metros, the Texas capital of Austin was identified by Redfin as the most affordable. Continue Reading Report: Renters Need to Earn $63,680 to Afford a Typical Apartment
Mortgage Application Activity is Dull, Forbearance Levels Drop
“Almost 43% of borrowers in forbearance were there due to a natural disaster,” said MBA’s Marina Walsh. Continue Reading Mortgage Application Activity is Dull, Forbearance Levels Drop
Forecast: Utah’s Population to Grow by Half-Million Over Next 9 Years
A major downside of the new arrivals is the absence of housing to accommodate an expanded population. Continue Reading Forecast: Utah’s Population to Grow by Half-Million Over Next 9 Years
Nashville Man Sentenced to 4 Years for Covid-Era Rental Assistance Fraud
Joe Law Jefferson pled guilty to one count of conspiracy to commit mail fraud and one count of failure to file a tax return last August. Continue Reading Nashville Man Sentenced to 4 Years for Covid-Era Rental Assistance Fraud
NAR Voices Support of Trump’s Executive Order on Housing Affordability and Supply
“The President’s Executive Order underscores the critical need for bold, coordinated action,” said NAR. Continue Reading NAR Voices Support of Trump’s Executive Order on Housing Affordability and Supply
