U.S. Housing Market
Mortgage Application Activity Slows Amid Decline in Refinancing
The VA share of total applications increased to 16.1% from 15.9%. Continue Reading Mortgage Application Activity Slows Amid Decline in Refinancing
Georgia Senate Approves Bill Creating New Sales Tax to Help Lower Property Taxes
“We are choosing to say that the people who own homes really are more important,” said Sen. Sonya Halpern (D-Atlanta). Continue Reading Georgia Senate Approves Bill Creating New Sales Tax to Help Lower Property Taxes
Report: Rental Housing Market Now Considered ‘Renter-Friendly’
A handful of coastal metros remain the exception to the renter-friendly trend. Continue Reading Report: Rental Housing Market Now Considered ‘Renter-Friendly’
Kentucky Considers Freeze on Property Tax Increases for Seniors
The proposal passed Kentucky’s Senate and is now being considered by the General Assembly. Continue Reading Kentucky Considers Freeze on Property Tax Increases for Seniors
Report: Hawaii Offers Lowest Real Estate Tax Rate, New Jersey Burdened with the Highest Rate
WalletHub noted the average household pays $3,119 in real estate property taxes. Continue Reading Report: Hawaii Offers Lowest Real Estate Tax Rate, New Jersey Burdened with the Highest Rate
Report: HUD to End Biden Program for Energy Efficiency Upgrades to Affordable Housing
The Green and Resilient Retrofit Program was passed by Congress in 2022. Continue Reading Report: HUD to End Biden Program for Energy Efficiency Upgrades to Affordable Housing
Foreclosure Activity Up During February
Lenders started the foreclosure process on 22,730 residential properties in February. Continue Reading Foreclosure Activity Up During February
Mortgage Credit Availability at Highest Level in a Year
“Mortgage credit availability in February increased for the third consecutive month,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability at Highest Level in a Year
Rep. Rosa DeLauro: GOP Continuing Resolution Will Raise Housing Costs and Fuel Evictions
“This blank check to unelected billionaire Elon Musk fails to lower the cost of housing,” said DeLauro. Continue Reading Rep. Rosa DeLauro: GOP Continuing Resolution Will Raise Housing Costs and Fuel Evictions
Report: America’s Wealthiest 1% Could Buy Up 99% of the Nation’s Homes
The wealthiest 1% own a disproportionate 13.4% share of US real estate. Continue Reading Report: America’s Wealthiest 1% Could Buy Up 99% of the Nation’s Homes
NYC Completed Nearly 34,000 New Homes in 2024
Only 15,626 permits for new housing were received last year. Continue Reading NYC Completed Nearly 34,000 New Homes in 2024
Report: Housing Supply Gap at Nearly 4 Million in 2024
Total housing starts last year were at their lowest level since 2020. Continue Reading Report: Housing Supply Gap at Nearly 4 Million in 2024
HUD Delays Biden’s Energy Codes Implementation for 6 Months
NAHB Chairman Buddy Hughes called this “an important step forward to help ease the nation’s housing affordability crisis.” Continue Reading HUD Delays Biden’s Energy Codes Implementation for 6 Months
Maui Mayor: ‘Housing Remains One of the Most Pressing Challenges’
“The County is on track to contribute to nearly 620 completed units last year,” said Mayor Richard Bissen. Continue Reading Maui Mayor: ‘Housing Remains One of the Most Pressing Challenges’
Hits and Misses for the Real Estate Week of March 3-7
A real estate agent gets slammed for insulting a waiter, another agent seeks to oust Los Angeles’ mayor, and a huge hole that needs to be filled. Continue Reading Hits and Misses for the Real Estate Week of March 3-7
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