U.S. Housing Market
Minnesota Mayors Blame Reckless State Spending for Property Tax Hikes
“Our residents deserve better than deficits, economic decline and policies that push families and businesses away,” the letter said. Continue Reading Minnesota Mayors Blame Reckless State Spending for Property Tax Hikes
Virginia Home Sales Down in November
The statewide median sales price reached $425,000 in November, up $10,000 for a 2.4% year-over-year increase. Continue Reading Virginia Home Sales Down in November
Luxury Home Sales Up 5% in September
The only two metros where prices dropped were Tampa, Florida (-3.3% to $1.45 million) and Oakland, California (-2.2% to $2.9 million). Continue Reading Luxury Home Sales Up 5% in September
Illinois Home Sales Up 4.6% Year-Over-Year
The monthly median price of $301,000 in September was 3.8% higher than $290,000 from one year before. Continue Reading Illinois Home Sales Up 4.6% Year-Over-Year
Realtor.com to Debut FlyAround, Offering 360-Degree Views of Properties
Roll out is slated over the next few weeks. Continue Reading Realtor.com to Debut FlyAround, Offering 360-Degree Views of Properties
MBA: Housing Affordability Improved in July
The national median mortgage payment for FHA loan applicants was $1,838 in July, down from $1,907 in June. Continue Reading MBA: Housing Affordability Improved in July
Mortgage Rates Drop Again
The 30-year fixed-rate mortgage averaged 6.35% as of Aug. 29. Continue Reading Mortgage Rates Drop Again
Pending Home Sales Plummeted in July
“A sales recovery did not occur in midsummer,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Plummeted in July
Study: Buyers Need to Earn Nearly $80,000 Annually to Afford a Typical Starter Home
On the plus side, listings of starter homes were up nearly 20% year-over-year nationwide in July. Continue Reading Study: Buyers Need to Earn Nearly $80,000 Annually to Afford a Typical Starter Home
Home Mortgage Lending Records Q2 Rebound
Purchase loan activity was up by 32.7% while refinance deals rose by 10.3%. Continue Reading Home Mortgage Lending Records Q2 Rebound
Calque Launches Contingency Buster, a New ‘Buy Before You Sell’ Program
The product is for homeowners seeking to quickly remove home sale contingencies and debt-to-income constraints at any point in the homebuying process. Continue Reading Calque Launches Contingency Buster, a New ‘Buy Before You Sell’ Program
California Approves Allstate’s Request for Home Insurance Hike of 34% on Average
This is California’s largest home insurance hike in three years. Continue Reading California Approves Allstate’s Request for Home Insurance Hike of 34% on Average
Typical Homebuyer’s Down Payment Hits Record High
The typical homebuyer’s down payment was 18.6% of the purchase price in June. Continue Reading Typical Homebuyer’s Down Payment Hits Record High
Mortgage Application Activity Up by a Slight 0.5%
The seasonally adjusted Purchase Index was up by 1% percent from one week earlier, but the unadjusted index was down by 1%. Continue Reading Mortgage Application Activity Up by a Slight 0.5%
Report: 6 of 7 People with Mortgages Have Interest Rates Below 6%
22% have a rate below 3%. Continue Reading Report: 6 of 7 People with Mortgages Have Interest Rates Below 6%
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