U.S. Housing Market
Silicon Valley and Aspen Top November’s List of Most Expensive Home Sales
Aspen was home to four of the 10 most expensive home sales of November. Continue Reading Silicon Valley and Aspen Top November’s List of Most Expensive Home Sales
California Home Sales at 3-Year High
November also saw the statewide median home price drop by 3.9% from $886,960 in October to $852,680 in November. Continue Reading California Home Sales at 3-Year High
Forecast: Single-Family Mortgage Origination to Reach $2.2 Trillion in 2026
“We expect that home sales will increase in 2026,” said Mike Fratantoni, MBA’s chief economist. Continue Reading Forecast: Single-Family Mortgage Origination to Reach $2.2 Trillion in 2026
Report: More Homes Selling at Discounted Prices
The typical home sold for 1.4% less than its final list price. Continue Reading Report: More Homes Selling at Discounted Prices
Report: Down Payment Level Held Steady During Q3
During the third quarter, the average down payment share remained near 14.4% of the purchase price. Continue Reading Report: Down Payment Level Held Steady During Q3
Carrington Mortgage Services to Provide Section 184 Loans for Native Americans
Section 184 home mortgage loans are fully available in 24 states. Continue Reading Carrington Mortgage Services to Provide Section 184 Loans for Native Americans
Lennar Debuts Two Communities in Alabama
“Foley is a little piece of paradise,” said Lennar’s Joel Coleman. Continue Reading Lennar Debuts Two Communities in Alabama
Elle to Create Residential Tower in Miami
The 25-story property will include 180 residences that will be delivered turnkey. Continue Reading Elle to Create Residential Tower in Miami
MBA: Mortgage Credit Availability Up for Sixth Consecutive Month
“The jumbo index increased to its highest level since August 2022,” said MBA’s Joel Kan. Continue Reading MBA: Mortgage Credit Availability Up for Sixth Consecutive Month
Foreclosure Activity Down During First Half of the Year
Nationwide, 0.13% of all housing units (one in every 794) had a foreclosure filing in the first half of 2024. Continue Reading Foreclosure Activity Down During First Half of the Year
Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week
The typical home is selling for 0.4% less than its asking price. Continue Reading Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week
Home Sales Decline Across Mid-Atlantic Region
Although fewer homes were being sold, more properties were available for sale in June. Continue Reading Home Sales Decline Across Mid-Atlantic Region
Builders Ask Congress to Support Policies to Enable Affordable Housing Construction
Regulatory costs account for nearly 25% of the cost of a single-family home and more than 40% of the cost of a typical apartment development. Continue Reading Builders Ask Congress to Support Policies to Enable Affordable Housing Construction
5-Floor NYC Penthouse Sells for $135 Million
The 12,500-square-foot unit is one of 22 residences located above the Aman New York hotel in the historic Crown Building in Manhattan. Continue Reading 5-Floor NYC Penthouse Sells for $135 Million
New Pennsylvania Law Addresses Residential Wholesaling Abuses
Wholesalers typically seek distressed properties from an owner who wants to sell quickly and is unaware of the home’s market value. Continue Reading New Pennsylvania Law Addresses Residential Wholesaling Abuses
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