U.S. Housing Market
Court Orders California City to Approve Affordable Housing
Huntington Beach will have 120 days to adopt an affordable-housing plan that complies with state law. Continue Reading Court Orders California City to Approve Affordable Housing
Mortgage Rates Tick Up Slightly
The 30-year fixed-rate mortgage averaged 6.22% as of Dec. 11, up from last week when it averaged 6.19% Continue Reading Mortgage Rates Tick Up Slightly
China and Singapore Lead the World in Online Searches for Miami-Area Real Estate
Part of this renewed interest from Asia could be tied to the Gold Card initiative signed by President Trump last month. Continue Reading China and Singapore Lead the World in Online Searches for Miami-Area Real Estate
Experian Offers Free VantageScore 4.0 to Mortgage Lenders
“Experian is dedicated to fostering a more competitive mortgage landscape,” said CEO Brian Cassin. Continue Reading Experian Offers Free VantageScore 4.0 to Mortgage Lenders
Zillow and Esusu Team on Credit Reporting for Renters Initiative
Starting in November, renters can sign up for rent reporting directly through Zillow to start having their payments reported each month. Continue Reading Zillow and Esusu Team on Credit Reporting for Renters Initiative
Knock.com in New Partnership with NFM Lending
The Knock Bridge Loan can be used to make a down payment on a new home, pay down debt, cover repairs and moving costs. Continue Reading Knock.com in New Partnership with NFM Lending
Mortgage Rates Down for Third Straight Week
The 30-year fixed-rate mortgage averaged 6.87% as of June 20. Continue Reading Mortgage Rates Down for Third Straight Week
Pennsylvania’s Median Home Sales Price at $295K
The number of listings on the market totaled 37,463 in May, up about 5% from the previous month. Continue Reading Pennsylvania’s Median Home Sales Price at $295K
Zillow: Americans Need to Put More Than $127K Down for Typical House
“Down payments have always been important, but even more so today,” said Skylar Olsen, chief economist at Zillow. Continue Reading Zillow: Americans Need to Put More Than $127K Down for Typical House
Mortgage Application Activity on the Rise
“Purchase volume is still more than 10% behind last year’s pace,” said Mike Fratantoni, MBA’s senior vice president and chief economist. Continue Reading Mortgage Application Activity on the Rise
Home Flipping Activity Enjoys Q1 Upswing
Roughly two-thirds of homes flipped in the first quarter were purchased by investors with cash. Continue Reading Home Flipping Activity Enjoys Q1 Upswing
Housing Starts Slumped in May
Single‐family authorizations in May were down 2.9% from the revised April figure of 977,000. Continue Reading Housing Starts Slumped in May
Builder Confidence Drops to 6-Month Low
“Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” said NAHB Chairman Carl Harris. Continue Reading Builder Confidence Drops to 6-Month Low
CFPB Issues Bans to Reverse Mortgage Servicers
The CFPB issued permanent bans against Sutherland Global, Sutherland Government Solutions and NOVAD Management Consulting Continue Reading CFPB Issues Bans to Reverse Mortgage Servicers
California’s Median Home Price Sets New Record High
The statewide unsold inventory index 2.6 months in May, unchanged from April and up from 2.1 months in May 2023. Continue Reading California’s Median Home Price Sets New Record High
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