U.S. Housing Market
Mortgage Credit Availability Improved in March
“Credit availability increased modestly in March to its highest level since August 2022,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved in March
Mortgage Rates Inch Down
The 30-year fixed-rate mortgage averaged 6.37% as of April 9, down from last week when it averaged 6.46%. Continue Reading Mortgage Rates Inch Down
Senate Democrats Offer Bill to Discourage Institutional Investors from Buying Single-Family Homes
“Today Democrats are introducing legislation to stop Wall Street from snapping up homes in bulk and jacking up rent for families,” said Sen. Elizabeth Warren. Continue Reading Senate Democrats Offer Bill to Discourage Institutional Investors from Buying Single-Family Homes
Nearly 14% of Home Sales Canceled During January
Homebuyers need to earn $111,000 per year to afford the typical home, about $25,000 more than the median household income. Continue Reading Nearly 14% of Home Sales Canceled During January
Virginia Home Sales Up as Prices Remain Flat
The statewide median sales price $397,790 dipped by a scant 0.3% from the $399,000 price in January 2025. Continue Reading Virginia Home Sales Up as Prices Remain Flat
Advisory Panel Recommends No Property Tax Increase for Maryland
State Treasurer Dereck Davis pointed to “difficult, trying times” for Maryland homeowners. Continue Reading Advisory Panel Recommends No Property Tax Increase for Maryland
Survey: 70% of Homeowners Think This is a Good Time to Sell Their Properties
81% of respondents think they will get their asking price or more. Continue Reading Survey: 70% of Homeowners Think This is a Good Time to Sell Their Properties
Hits and Misses for the Real Estate Week of April 7-11
Selling stocks to buy a house, the continued delay on confirming the new CFPB director, and layoffs at Fannie Mae. Continue Reading Hits and Misses for the Real Estate Week of April 7-11
Home Price Increases Slowed for the Third Consecutive Month
Prices have increased for 21 consecutive months, with price appreciation peaking at 5.6% in December. Continue Reading Home Price Increases Slowed for the Third Consecutive Month
New Bipartisan Effort to Upgrade Affordable Housing Credit Program
Reps. Darin LaHood (R-IL), Suzan DelBene (D-WA) reintroduced the bill. Continue Reading New Bipartisan Effort to Upgrade Affordable Housing Credit Program
Zillow Bans Private Listings from Platform
eXp Realty has become the first brokerage to align itself with Zillow’s new policy. Continue Reading Zillow Bans Private Listings from Platform
Pending Home Sales in Mid-Atlantic Region Up by Nearly 40%
“Falling mortgage rates could give the housing market a boost this spring,” said Dr. Lisa Sturtevant, chief economist at Bright MLS. Continue Reading Pending Home Sales in Mid-Atlantic Region Up by Nearly 40%
DR Horton Begins Pre-Selling New Community in Texas
The company added that pricing on the lots begin in the high $300,000s. Continue Reading DR Horton Begins Pre-Selling New Community in Texas
Foreclosure Activity Up During Q1
Lenders repossessed 9,691 properties through foreclosure (REO) in first quarter. Continue Reading Foreclosure Activity Up During Q1
Washington State Lawmakers Consider Bill to Raise Property Tax Cap
“Without a doubt, if this property tax goes into effect, many will be forced to foreclose on their homes,” said the Washington State Republican Party. Continue Reading Washington State Lawmakers Consider Bill to Raise Property Tax Cap
