U.S. Housing Market
Report: Typical Household Needs 7 Years to Save for a Down Payment
In many expensive coastal metros, saving for a typical down payment can take 20 to more than 35 years. Continue Reading Report: Typical Household Needs 7 Years to Save for a Down Payment
Pending Home Sales Up 3.3%
On a regional measurement, pending home sales were up month-over-month and year-over-year in the Northeast, Midwest, South, and West. Continue Reading Pending Home Sales Up 3.3%
Q3 Home Prices Up in 77% of Metro Markets
Eight of the 10 most expensive markets were in California, led by the San Jose-Sunnyvale-Santa Clara metro at $1.9 million, up by 0.8% from one year earlier. Continue Reading Q3 Home Prices Up in 77% of Metro Markets
Report: Increasing Number of VA Loans Being Used in Homebuying
Nationwide, the number of VA loans rose 3% year-over-year in August, while the number of conventional loans declined 9%. Continue Reading Report: Increasing Number of VA Loans Being Used in Homebuying
Greystar Begins Pre-Leasing at New Pennsylvania Apartment Community
Community amenities include a resident lounge, fitness center, heated swimming pool, dog park, and EV charging. Continue Reading Greystar Begins Pre-Leasing at New Pennsylvania Apartment Community
New Home Sales Down as Nearly Half of Listings Go Untouched for at Least 60 Days
Homes in West Palm Beach, Florida, spent a median 79 days on the market before finding a buyer. Continue Reading New Home Sales Down as Nearly Half of Listings Go Untouched for at Least 60 Days
New Orleans Mansion Featured in ‘American Horror Story’ is Sold
During the 1920s the property functioned as Soule Business College. Continue Reading New Orleans Mansion Featured in ‘American Horror Story’ is Sold
Refinancing Drives Up Mortgage Application Activity
The Refinance Index increased 20% from the previous week and was 175% higher than the same week one year ago. Continue Reading Refinancing Drives Up Mortgage Application Activity
Greystar Enters Pittsburgh’s Apartment Market with Ophelia
Ophelia is slated to begin preleasing in late 2025, with final completion targeted for early 2026. Continue Reading Greystar Enters Pittsburgh’s Apartment Market with Ophelia
Report: Homebuying Became More Affordable for the First Time Since 2020
Redfin added that February 2021 was the last month on record when the typical household earned enough to afford the median priced home. Continue Reading Report: Homebuying Became More Affordable for the First Time Since 2020
Case-Shiller Index Records 14th Consecutive All-Time High
New York again reported the highest annual gain among the 20 cities with an 8.8% increase in July. Continue Reading Case-Shiller Index Records 14th Consecutive All-Time High
Sunrun in Solar Power and Storage Partnership with Toll Brothers
Sunrun will provide solar power as an included feature in all Toll Brothers homes in California. Continue Reading Sunrun in Solar Power and Storage Partnership with Toll Brothers
Work Begins on First Mixed-Use Complex Featuring Costco and Apartments
Thrive Living first announced the project in January 2013. Continue Reading Work Begins on First Mixed-Use Complex Featuring Costco and Apartments
Alabama Home Sales Down After Six Straight Months of Increases
The state recorded 5,974 home sales in last month, a 2.6% decrease from July and a scant 0.66% uptick from August 2023. Continue Reading Alabama Home Sales Down After Six Straight Months of Increases
American Real Estate Association Starts Petition to End NAR’s Clear Cooperation Policy
AREA seeks to promote the petition on social media with the hashtag #EndCC. Continue Reading American Real Estate Association Starts Petition to End NAR’s Clear Cooperation Policy
