U.S. Housing Market
Chicago Sues Airbnb Over Illegal Short-Term Rentals
“Requiring short-term rental companies to follow the same rules as everyone else is critical to our work of building a safer, more affordable Chicago,” said Mayor Brandon Johnson. Continue Reading Chicago Sues Airbnb Over Illegal Short-Term Rentals
Refinancing Action Sparks Uptick in Mortgage Application Activity
The FHA share of total applications increased to 17.9% from 17.5% the week prior. Continue Reading Refinancing Action Sparks Uptick in Mortgage Application Activity
Mid-Atlantic Home Sales Activity Rises in April
“While the spring housing market got off to a slow start, both buyers and sellers were much more eager in April,” said Bright MLS Chief Economist Lisa Sturtevant. Continue Reading Mid-Atlantic Home Sales Activity Rises in April
eXp Expands Brokerage Presence in California and Canada
The company debuted two new NextHome franchises in California and welcomed Edmonton-based Initia Real Estate into its network. Continue Reading eXp Expands Brokerage Presence in California and Canada
Report: NYC Mayor Mamdani Drops Plan for 9.5% Property Tax Hike
The property tax hike would require approval from the state government. Continue Reading Report: NYC Mayor Mamdani Drops Plan for 9.5% Property Tax Hike
DC-Area Real Estate Agents Report DOGE Impacts on Home Selling
The median home price in the DC region was up 3.1% compared to a year ago, hitting a new record high of $659,950. Continue Reading DC-Area Real Estate Agents Report DOGE Impacts on Home Selling
The Best- and Worst-Run Cities of 2025 Are…
WalletHub cited Provo’s 5.2% business growth rate, low violent crime and property crime rates, and a median household income growing at nearly 8.4%. Continue Reading The Best- and Worst-Run Cities of 2025 Are…
Illinois Home Sales Down as Prices Continue to Rise
The state’s median sales price took a 5% year-over-year rise to $315,000. Continue Reading Illinois Home Sales Down as Prices Continue to Rise
Report: 6% of Sellers Risk Offloading Their Homes Below the Purchase Price
“The longer someone has owned their home, the more likely they are to come out ahead,” said Redfin Senior Economist Asad Khan. Continue Reading Report: 6% of Sellers Risk Offloading Their Homes Below the Purchase Price
Wisconsin Home Sales Down While Listings and Prices Rise
The Wisconsin Housing Affordability Index had a value of 124 in May last month, up 5.1% from the value of 118 set in May 2024. Continue Reading Wisconsin Home Sales Down While Listings and Prices Rise
Case-Shiller Index Records 2.7% Annual Gain in April
Separately, the Federal Housing Finance Agency reported house prices were down 0.4% in April from March. Continue Reading Case-Shiller Index Records 2.7% Annual Gain in April
Florida Records Declines in Home Sales and Prices
The statewide median sales price for single-family existing homes last month was $415,000, down 2.7% from the previous year. Continue Reading Florida Records Declines in Home Sales and Prices
New York State Home Sales Down 11% Despite Increase in Listings
The median sales price in New York State for May was $436,000, up 3.8% from the $420,000 price set one year earlier. Continue Reading New York State Home Sales Down 11% Despite Increase in Listings
Connecticut Governor Vetoes Affordable Housing Bill
“I’m not happy with the local red tape, but I want the towns to take the lead,” said Gov. Ned Lamont. Continue Reading Connecticut Governor Vetoes Affordable Housing Bill
Compass Sues Zillow Over ‘Anticompetitive’ Ban on Private Listings
“No one company should have the power to ban agents or listings simply because they don’t follow that company’s business model,” said Compass CEO Robert Reffkin. Continue Reading Compass Sues Zillow Over ‘Anticompetitive’ Ban on Private Listings
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