U.S. Housing Market
Pennsylvania Home Sales Down While Prices Keep Rising
The Pennsylvania median home price was up 5.2% year-over-year to $305,000, compared to $290,000 in November 2024. Continue Reading Pennsylvania Home Sales Down While Prices Keep Rising
Federal Home Loan Bank of New York Invests $225 Million in NYC Affordable Housing Initiative
Last June, the FHLBNY and the HDC partnered on a $150 million bond purchase in support of more than 2,250 homes across HDC programs. Continue Reading Federal Home Loan Bank of New York Invests $225 Million in NYC Affordable Housing Initiative
Pending Home Sales Flat in September
Month-over-month and year-over-year pending home sales were up in the Northeast and South but declined in the Midwest and West. Continue Reading Pending Home Sales Flat in September
Report: Sales of Newly Built Homes at 4-Year Low
“Builders are hesitant to start new projects because in today’s buyer’s market, it doesn’t make financial sense,” said Jesse Landin, a Redfin Premier agent in San Antonio. Continue Reading Report: Sales of Newly Built Homes at 4-Year Low
Mortgage Application Activity Rebounds After 4 Weeks in Decline
The Refinance Index increased by 9% and was also 111% higher than the same week one year ago. Continue Reading Mortgage Application Activity Rebounds After 4 Weeks in Decline
California Home Sales at Five-Month High
The statewide unsold inventory index was 2.9 months in July. Continue Reading California Home Sales at Five-Month High
Arizona BTR Developer Cavan Companies Expands into Omaha Market
The two Omaha projects combined will include 466 single story bungalow-style homes. Continue Reading Arizona BTR Developer Cavan Companies Expands into Omaha Market
Builders Commend Harris’ Housing Focus, If Not All of Her Proposals
NAHB was pleased that Harris made housing a centerpiece of her economic proposals. Continue Reading Builders Commend Harris’ Housing Focus, If Not All of Her Proposals
Los Angeles Prohibits Tour Buses from Traveling Near Marilyn Monroe Home
The home has never been opened to the public. Continue Reading Los Angeles Prohibits Tour Buses from Traveling Near Marilyn Monroe Home
Rhode Island Debuts Pilot Program to Encourage Income-Restricted Homes
The median price of a Rhode Island house is $494,000. Continue Reading Rhode Island Debuts Pilot Program to Encourage Income-Restricted Homes
Keep Government Out of Real Estate with Market-Driven Solutions: John G. Stevens’ Perspective
Ronald Reagan once said, “The nine most terrifying words in the English language are: I’m from the Government, and I’m here to help.” Continue Reading Keep Government Out of Real Estate with Market-Driven Solutions: John G. Stevens’ Perspective
Hits and Misses for the Real Estate Week of Aug. 12-16
This week’s Hits and Misses involve Kamala Harris’ housing plans, a new era in real estate commissions and a new assault on phony online reviews. Continue Reading Hits and Misses for the Real Estate Week of Aug. 12-16
RE/MAX: Home Prices Drop as Sales Rise 3.8%
RE/MAX found the median price of $425,000 was $5,000 lower than June’s price, a 1.2% drop. Continue Reading RE/MAX: Home Prices Drop as Sales Rise 3.8%
A New Record: 1 in 10 Homes Are Worth $1 Million or More
California has the most metros with million-dollar homes. Continue Reading A New Record: 1 in 10 Homes Are Worth $1 Million or More
Housing Starts Tumble by 14.1%
Housing starts were at the lowest level since May 2020. Continue Reading Housing Starts Tumble by 14.1%
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