U.S. Housing Market
Median Luxury Home Sale Price Reaches $1.31 Million
While active listings of luxury homes for sale increased 5.6% year-over-year in December, that marked the slowest growth since April. Continue Reading Median Luxury Home Sale Price Reaches $1.31 Million
Oklahoma Gov. Stitt Calls for Freeze on Property Taxes
Stitt offered no details on how long his proposed freeze would stay in place or how the state would replace the revenue lost by a property tax freeze. Continue Reading Oklahoma Gov. Stitt Calls for Freeze on Property Taxes
Mortgage Application Payments Down in November
“Affordability conditions have now improved for six straight months,” said MBA’s Edward Seiler. Continue Reading Mortgage Application Payments Down in November
Wisconsin Home Sales Down 9.2% Year-Over-Year
Total listings were up 3.7% relative to their November 2024 levels. Continue Reading Wisconsin Home Sales Down 9.2% Year-Over-Year
Mortgage Rates Down Slightly
The 30-year fixed-rate mortgage averaged 6.21% as of Dec. 18. Continue Reading Mortgage Rates Down Slightly
Mortgage Application Activity, Credit Availability on the Rise
The MBA’s Mortgage Credit Availability Index (MCAI) rose by 2.5% to 99.0 in January Continue Reading Mortgage Application Activity, Credit Availability on the Rise
Zillow and Redfin Partner on Multifamily Rental Listings
“We believe it will increase our overall traffic,” said Redfin CEO Glenn Kelman. Continue Reading Zillow and Redfin Partner on Multifamily Rental Listings
January Foreclosure Activity Up 8% Month-Over-Month
Lenders started the foreclosure process on 20,994 properties in January. Continue Reading January Foreclosure Activity Up 8% Month-Over-Month
Mid-Atlantic Home Sales Up in January
As for the cost of housing, the region’s $390,000 median sold price marked a 5.4% year-over-year upswing. Continue Reading Mid-Atlantic Home Sales Up in January
Richmond American Homes of Arizona Debuts 2 New Communities
The communities, Seasons at Pradera III and The Preserve at Pradera, are both based in Goodyear, Arizona. Continue Reading Richmond American Homes of Arizona Debuts 2 New Communities
Newsom Backs Bill Providing Homeowners with Interest Earned on Insurance Payouts
“Homeowners rebuilding after a disaster need all the support they can get, including the interest earned on their insurance funds,” said Newsom. Continue Reading Newsom Backs Bill Providing Homeowners with Interest Earned on Insurance Payouts
Only 15% of Q4 California Homebuyers Could Afford a Median-Priced Home
A minimum annual income of $222,000 was needed to qualify for the purchase of a $874,290 statewide median-priced, existing single-family California home. Continue Reading Only 15% of Q4 California Homebuyers Could Afford a Median-Priced Home
Rocket Companies Launches ‘Own the Dream’ Marketing Campaign During Super Bowl Broadcast
The Detroit-headquartered company premiered the campaign with a 60-second commercial during the game’s second quarter. Continue Reading Rocket Companies Launches ‘Own the Dream’ Marketing Campaign During Super Bowl Broadcast
Hits and Misses for the Real Estate Week of Feb. 3-7
New leadership at federal agencies, a possible cause for some of the Los Angeles wildfires, and new HGTV shows that don’t seem very new. Continue Reading Hits and Misses for the Real Estate Week of Feb. 3-7
Colorado Lawmakers Consider Bill to Allow Housing Built on Church Land
House Bill 1169 is sponsored by Rep. Andrew Boesenecker, who is also a former Lutheran minister. Continue Reading Colorado Lawmakers Consider Bill to Allow Housing Built on Church Land
