U.S. Housing Market
Gov. Newsom Issues Warnings to 15 Localities for Noncompliance on Affordable Housing Access
California Gov. Gavin Newsom has put forth final warnings to 15 cities and counties that have yet to acquiesce to his administration’s demands on affordable housing access. The 15 communities that received notice today remain more than two years behind schedule and...
Realtor.com Debuts App in ChatGPT
The app is available beginning today. Continue Reading Realtor.com Debuts App in ChatGPT
Ex-NFL Star Lists Historic Connecticut Farmhouse at $8 Million
The property is owned by former NFL star quarterback Chris Simms and his wife Danielle, who acquired it in 2019 for $2.5 million. Continue Reading Ex-NFL Star Lists Historic Connecticut Farmhouse at $8 Million
Mortgage Rates Take a Mild Drop
The 30-year fixed-rate mortgage averaged 6.09% as of Feb. 12, down from last week when it averaged 6.11%. Continue Reading Mortgage Rates Take a Mild Drop
Existing Home Sales Down 8.4% During January
The $396,800 median existing home price for all housing types was up 0.9% from one year ago ($393,400). Continue Reading Existing Home Sales Down 8.4% During January
New York State Home Sales Up for Second Straight Month
Median sales prices swelled by 10.5% to $420,000 from $380,000 one year earlier. Continue Reading New York State Home Sales Up for Second Straight Month
Data Study Finds Trump Has Not Disrupted DC-Area Housing Market
The only notable change to occur was an uptick in the listings and buyers for the ultra-luxury real estate markets. Continue Reading Data Study Finds Trump Has Not Disrupted DC-Area Housing Market
Hits and Misses for the Real Estate Week of Feb. 17-21
HUD’s erasure of DEI contracts, builders expressing apprehension and Australia’s first rate cut in more than four years. Continue Reading Hits and Misses for the Real Estate Week of Feb. 17-21
Florida Legislature Considers Launching Study to Determine Feasibility of Ending Property Taxes
Gov. Ron DeSantis expressed support for ending property taxes. Continue Reading Florida Legislature Considers Launching Study to Determine Feasibility of Ending Property Taxes
New Initiative to Provide Prefab Homes to Los Angeles Wildfire Survivors
Steadfast LA did not state how many homes will be made available or when they will first be delivered. Continue Reading New Initiative to Provide Prefab Homes to Los Angeles Wildfire Survivors
Existing Home Sales Down by Nearly 5%
First-time buyers were responsible for 28% of sales in January, down from 31% in December 2024 and identical to January 2024. Continue Reading Existing Home Sales Down by Nearly 5%
The Most Expensive US Home Listing Is…
The most expensive home sale in January was a Fifth Avenue apartment in New York City. Continue Reading The Most Expensive US Home Listing Is…
Report: 2024 Housing Market Gained $2.5 Trillion in Value
Major metros in the Northeast gained the most value in percentage terms in 2024. Continue Reading Report: 2024 Housing Market Gained $2.5 Trillion in Value
Ohio’s Glasshouse Realty Group Debuts Luxury Business Line
The company noted that properties sold for $500,000 or more accounted for 5.4% of its transactions in 2024. Continue Reading Ohio’s Glasshouse Realty Group Debuts Luxury Business Line
Mortgage Rates Inch Lower
The 30-year fixed-rate mortgage averaged 6.85% as of Feb. 20. Continue Reading Mortgage Rates Inch Lower
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