U.S. Housing Market
Mortgage Rates Dip While Delinquency Levels Rise
The 30-year fixed-rate mortgage averaged 6.36% as of May 14. Continue Reading Mortgage Rates Dip While Delinquency Levels Rise
Foreclosure Filings Up 18% From One Year Ago
Lenders started the foreclosure process on 28,414 properties in April. Continue Reading Foreclosure Filings Up 18% From One Year Ago
Singapore’s Banyan Group Enters US Luxury Residential Market
Banyan Tree Residences West Palm Beach features 88 private residences ranging from one- to four-bedroom layouts, along with a limited collection of penthouses. Continue Reading Singapore’s Banyan Group Enters US Luxury Residential Market
Paul Anka Relists LA-Area Estate for $8.9 Million
The 5.75-acre property is located within the gates of Sherwood Country Club. Continue Reading Paul Anka Relists LA-Area Estate for $8.9 Million
Report: Nearly 14% of Home Sale Agreements Fell Through During February
Contract cancellations rose most in Los Angeles, to 15% in February from 12.1% one year earlier. Continue Reading Report: Nearly 14% of Home Sale Agreements Fell Through During February
Report: $603 Billion Spent on Home Remodeling Projects in 2024
Most consumers (89%) reported housing affordability was not a deciding factor in their decisions to remodel. Continue Reading Report: $603 Billion Spent on Home Remodeling Projects in 2024
Mortgage Application Activity Surges by 20%
The Refinance Index increased 35% from the previous week – the highest level in six months. Continue Reading Mortgage Application Activity Surges by 20%
Northeast Housing Markets Lead Nation for Down Payment Increases
Delaware led the nation in 2024 with a 38.6% rise in median down payments Continue Reading Northeast Housing Markets Lead Nation for Down Payment Increases
Buffalo Homeowners Face Prospect of 8% Property Tax Hike
Acting Mayor Scanlon insisted the 8% property tax levy increase will generate around $13.7 million. Continue Reading Buffalo Homeowners Face Prospect of 8% Property Tax Hike
FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas
The extensions are designed to assist households in devastated areas across Florida, Georgia, North Carolina, South Carolina, Tennessee, and Virginia. Continue Reading FHA Extends Foreclosure Moratoriums in Hurricane Impacted Areas
Report: Roof Repair Costs at $31 Billion in 2024
Since 2022, non-catastrophic wind/hail roof claims increased from 17% to 25%. Continue Reading Report: Roof Repair Costs at $31 Billion in 2024
Survey: 1 in 5 Homebuyers Sell Stocks to Finance Their Down Payment
Among homeowners, Redfin found roughly one in eight (13%) said they sold stocks to help fund their down payment. Continue Reading Survey: 1 in 5 Homebuyers Sell Stocks to Finance Their Down Payment
Port of Seattle Files Appeal to Prevent Residential Development in Industrial District
The Port said the rezoning “appears that substantially all of the developable land covered by the Council’s action is controlled by one property owner.” Continue Reading Port of Seattle Files Appeal to Prevent Residential Development in Industrial District
FEMA Launches Flood Insurance Premium Quoting Tool
. FEMA noted that 40% of NFIP flood insurance claims occur outside high hazard areas. Continue Reading FEMA Launches Flood Insurance Premium Quoting Tool
The BW, Los Angeles Apartment Complex, Sells for $58.1 Million
The property was completed and offers a mix of studios, one-, two- and three-bedroom units. Continue Reading The BW, Los Angeles Apartment Complex, Sells for $58.1 Million
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