U.S. Housing Market
Mortgage Application Payments Decreased in February
“Unfortunately, this month’s turmoil in the Middle East has put upward pressure on mortgage rates, which in turn could impact overall affordability in the months ahead,” said MBA’s Edward Seiler. Continue Reading Mortgage Application Payments Decreased in February
238-Unit Mixed-Income Apartment Building Opens in New Haven
The five-story building as 57 units, or 20% of the residences, set aside for households earning an average of 50% of the area median income. Continue Reading 238-Unit Mixed-Income Apartment Building Opens in New Haven
Michigan Gov. Whitmer Proposes 10% Reduction in Property Taxes for Seniors
The governor’s office added the proposal is Michigan’s largest property tax break in over a decade. Continue Reading Michigan Gov. Whitmer Proposes 10% Reduction in Property Taxes for Seniors
Foreclosure Activity Rises Annually for Eleventh Straight Month
Across the nation, one in every 3,547 housing units had a foreclosure filing in January. Continue Reading Foreclosure Activity Rises Annually for Eleventh Straight Month
New Bill Would Allow Homebuyers to Put Unused College Savings Toward a Down Payment
The bill has been referred to the House Committee on Ways and Means for consideration. Continue Reading New Bill Would Allow Homebuyers to Put Unused College Savings Toward a Down Payment
Builder Confidence Declines Amid Tariff and Housing Cost Concerns
February’s reading is the lowest level for the HMI in five months. Continue Reading Builder Confidence Declines Amid Tariff and Housing Cost Concerns
Slightly Under One-Third of 2024 Home Purchases Were All-Cash Sales
Prior to the pandemic, the share of all-cash sales ranged from 25% to 30%. Continue Reading Slightly Under One-Third of 2024 Home Purchases Were All-Cash Sales
Report: Renting is More Affordable Than Homebuying in All But 2 Major Metros
Pittsburgh and Detroit were the exceptions to the rule. Continue Reading Report: Renting is More Affordable Than Homebuying in All But 2 Major Metros
Florida Gov. DeSantis Voices Support for Eliminating Property Taxes
“Property taxes are local, not state,” DeSantis wrote in his X response. Continue Reading Florida Gov. DeSantis Voices Support for Eliminating Property Taxes
Iowa Home Sales Up Nearly 5% in January
The median sales price remained steady at $220,000, a 2.3% increase from last year. Continue Reading Iowa Home Sales Up Nearly 5% in January
16-Unit Connecticut Multifamily Portfolio Sells for $1.55 Million
“The properties were contiguous with a 116-unit complex we had just sold for the owner in December 2024,” said National Multifamily Corp.’s Matt Cawley. Continue Reading 16-Unit Connecticut Multifamily Portfolio Sells for $1.55 Million
The Best State Capital to Live In Is…
Maine’s capital of Augusta ranked last among the 50 state capitals. Continue Reading The Best State Capital to Live In Is…
Hits and Misses for the Real Estate Week of Feb. 10-14
This week’s Hits and Misses include DOGE’s impact on Washington, Greenland hijinks and Redfin’s under the radar layoffs. Continue Reading Hits and Misses for the Real Estate Week of Feb. 10-14
New Owner of Michael Jordan’s Chicago Mansion Renting It Out for $230,000 Per Month
Jordan custom-built the residence in 1995 and listed it for $29 million in 2012. Continue Reading New Owner of Michael Jordan’s Chicago Mansion Renting It Out for $230,000 Per Month
Tennessee Homeowners Impacted by Hurricane Helene to Receive 130% Refund on Property Taxes
Applications for relief will need to be filed by June 30. Continue Reading Tennessee Homeowners Impacted by Hurricane Helene to Receive 130% Refund on Property Taxes
