U.S. Housing Market
Report: Average Buyer’s Agent Commission Up Slightly Since New NAR Rules
The average buyer’s agent commission during the third quarter was 2.42%, up from 2.36% one year earlier, while commissions were virtually flat compared to the previous quarter. According to a new data report from Redfin, commissions are at roughly the same level they...
New York State Raises Property Tax Exemption for Seniors to 65%
Legislation S5175A/A3698A replaces the previous 50% maximum percentage of exemption local governments have been able to offer income-eligible seniors. Continue Reading New York State Raises Property Tax Exemption for Seniors to 65%
Report: One in Five Homes Had Price Reductions in September
Properties at the lower- and mid-tier and the South were the most likely to have lowered prices while luxury home prices remained steady. Continue Reading Report: One in Five Homes Had Price Reductions in September
Luxury Home Sales Rise While Sales Activity Declines
“Sales have slowed across all price tiers, and luxury homes are no exception,” said Redfin Senior Economist Sheharyar Bokhari. Continue Reading Luxury Home Sales Rise While Sales Activity Declines
FCP Expands into Las Vegas with Apartment Community Acquisition
The financial terms of the deal were not disclosed. Continue Reading FCP Expands into Las Vegas with Apartment Community Acquisition
Boston’s Median Sales Price on Single-Family Homes at Record-Breaking $950K
The previous record high price for single-family homes in this market was $910,000 in July 2023. Continue Reading Boston’s Median Sales Price on Single-Family Homes at Record-Breaking $950K
Refinancing Drives Uptick in Mortgage Application Activity
“VA refinances had a double-digit increase for the third consecutive week,” said MBA’s Joel Kan. Continue Reading Refinancing Drives Uptick in Mortgage Application Activity
Median Asking Rents Down for Ninth Straight Month
Rents remain only $33 (-1.9%) below their August 2022 peak. Continue Reading Median Asking Rents Down for Ninth Straight Month
Global Tiny Home Market Forecast to Grow by $4.82 Billion
“Mobile homes play a critical role in the affordable housing market in various countries,” said the research report. Continue Reading Global Tiny Home Market Forecast to Grow by $4.82 Billion
VA to Publish Circular Addressing Buyer Commission Policy
The circular is planned to be issued by June 12. Continue Reading VA to Publish Circular Addressing Buyer Commission Policy
Guest Opinion: Reinventing Federal Housing Policy
“To be clear, not all the rules were bad.” Continue Reading Guest Opinion: Reinventing Federal Housing Policy
Alabama Home Sales and Prices in Decline
The decline in sales and prices amid 15,072 active listings, up 37.2% from one year ago. Continue Reading Alabama Home Sales and Prices in Decline
Share of Mortgages in Forbearance at 0.22%
Last month, the share of Fannie Mae and Freddie Mac loans in forbearance declined 1 basis point to 0.11%. Continue Reading Share of Mortgages in Forbearance at 0.22%
Naples, Florida, Tops List of the Best Places to Live in the US
On the flip side, Puerto Rico’s capital city San Juan placed last among the 150 cities. Continue Reading Naples, Florida, Tops List of the Best Places to Live in the US
The Most Affordable Beach Town in America Is…
Pascagoula, Mississippi, topped the rankings thanks to a housing market with a median list price of $164,900. Continue Reading The Most Affordable Beach Town in America Is…
Recent Posts
Hits and Misses for the Real Estate Week of April 6-10- NAR in $52.2 Million Settlement of Tuccori Commissions Lawsuit
- First-Time Homebuyers Accounted for 21% of the Texas Housing Market
- Mid-Atlantic Region Records Spike in Listings
- Portrait Bank, Central Florida’s First De Novo Bank in Nearly 10 Year…
