U.S. Housing Market
Existing Home Sales Up 3.2% in May
The median sales price in May for all housing types was $429,300, a 1.3% increase from one year ago. Continue Reading Existing Home Sales Up 3.2% in May
Mortgage Credit Availability Improved Slightly in May
“Mortgage rates reached nine-month highs over the month, which put pressure on homebuyers and reduced the demand for refinancing,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved Slightly in May
The City with the Most Affordable Rent Is…
Miami ranked last among the more than 180 cites analyzed in the new WalletHub study. Continue Reading The City with the Most Affordable Rent Is…
Ginnie Mae Issued $46.1 Billion in Mortgage-Backed Securities During March
The pooling and securitization of loans for more than 128,000 American households, including over 49,000 first-time homebuyers. Continue Reading Ginnie Mae Issued $46.1 Billion in Mortgage-Backed Securities During March
Builder Confidence at 7-Month Low
“Builder sentiment has fallen back in spring as buyers face ongoing elevated interest rates and growing economic uncertainty,” said NAHB Chairman Bill Owens Continue Reading Builder Confidence at 7-Month Low
Realtor.com: Down Payment Levels Hit Record High in 2024
Realtor.com determined that buyers paid 14.4% as a share of purchase price. Continue Reading Realtor.com: Down Payment Levels Hit Record High in 2024
JP Morgan Real Estate Income Trust Acquires 2 Southeastern Residential Assets
The transactions mark JPMREIT’s fifth and sixth investments in the residential sector. Continue Reading JP Morgan Real Estate Income Trust Acquires 2 Southeastern Residential Assets
Greystar Begins Construction on Virginia Multifamily/Build-for-Rent Community
The first units are slated to be ready in the second quarter of 2026. Continue Reading Greystar Begins Construction on Virginia Multifamily/Build-for-Rent Community
Pending Home Sales Up by 2% in February
“Despite the modest monthly increase, contract signings remain well below normal historical levels,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Up by 2% in February
Residency Requirements Changed on FHA-Insured Mortgages to Shut Out Illegal Immigrants
“There will be no more illegal aliens getting HUD-backed home loans,” said Secretary Turner. Continue Reading Residency Requirements Changed on FHA-Insured Mortgages to Shut Out Illegal Immigrants
Homeownership Expenses Consume One-Third of National Average Wage
Nationwide, the typical $2,021 cost of mortgage payments, homeowner insurance, mortgage insurance and property taxes is down 0.7% quarterly. Continue Reading Homeownership Expenses Consume One-Third of National Average Wage
Idaho’s Gov. Little Signs $100 Million Property Tax Cut into Law
The bill passed unanimously in both houses of the legislature. Continue Reading Idaho’s Gov. Little Signs $100 Million Property Tax Cut into Law
Minnesota in Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
MV Realty is permanently banned from doing business in Minnesota. Continue Reading Minnesota in Settlement with MV Realty Over Dubious ‘Homeowner Benefit Agreements’
Maine Home Sales up 6.51%
A total of 753 home sales were closed in Maine last month, a 6.51% increase from the 707 sales transacted in February 2024. According to data from the Main Association of Realtors, the statewide median sales price for those sales was $381,500, a 9% jump from the...
Kolter Homes Unveils New 55+ Community in Florida
The community will feature over 800 homes. Continue Reading Kolter Homes Unveils New 55+ Community in Florida
