U.S. Housing Market
Toll Brothers Opens New Luxury Community in Pennsylvania
Homes are priced from the mid-$900,000s. Continue Reading Toll Brothers Opens New Luxury Community in Pennsylvania
PennyMac Debuts Non-QM Product Suite
The new products are designed to “help TPO partners solve complex borrower scenarios, expand their addressable market, and close more loans.” Continue Reading PennyMac Debuts Non-QM Product Suite
Home Affordability in Q4 Remained Mostly Elusive
ATTOM added the median sales price of a home has risen 54% over the past five years while typical wages only increased by 29%. Continue Reading Home Affordability in Q4 Remained Mostly Elusive
Mortgage Credit Availability Declined in December
“The December decrease reversed gains from the prior two months,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Declined in December
Mill Creek Residential Breaks Ground on Single-Family BTR Community in Austin
Mill Creek Residential has broken ground on its latest Texas development: Amavi Northwest Austin, a single-family, build-to-rent (BTR) community in the Northwest Austin/Round Rock metropolitan area. The gated, pet-friendly community will feature 144 three- and...
Typical Homebuyer’s Down Payment Hits Record High
The typical homebuyer’s down payment was 18.6% of the purchase price in June. Continue Reading Typical Homebuyer’s Down Payment Hits Record High
Mortgage Application Activity Up by a Slight 0.5%
The seasonally adjusted Purchase Index was up by 1% percent from one week earlier, but the unadjusted index was down by 1%. Continue Reading Mortgage Application Activity Up by a Slight 0.5%
Report: 6 of 7 People with Mortgages Have Interest Rates Below 6%
22% have a rate below 3%. Continue Reading Report: 6 of 7 People with Mortgages Have Interest Rates Below 6%
S&P CoreLogic Case-Shiller Index Hits All-Time High
The FHFA reported second quarter house prices were up 5.7% year-over-year. Continue Reading S&P CoreLogic Case-Shiller Index Hits All-Time High
Lennar Opens New Master-Planned Community in Texas
Pricing begins in the mid $200,000s. Continue Reading Lennar Opens New Master-Planned Community in Texas
California Poised to Open Mortgage Assistance Program to Illegal Immigrants
Gov. Gavin Newsom has not publicly stated if he would sign the bill into law. Continue Reading California Poised to Open Mortgage Assistance Program to Illegal Immigrants
Hits and Misses for the Real Estate Week of Aug. 19-23
A new NAR leader, a jaw-dropping data revision and more Britons buying homes are part of the week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of Aug. 19-23
Maine Home Sales Rise by Nearly 11%
The $399,250 median sales price in July was a 5.07% uptick from the $380,000 in July 2023. Continue Reading Maine Home Sales Rise by Nearly 11%
New Home Sales Up, But Questions on Federal Data Arise
The median sales price of new houses sold in July was $429,800 while the average sales price was $514,800. Continue Reading New Home Sales Up, But Questions on Federal Data Arise
Florida’s Single-Family Home Sales Up While Condo-Townhome Sales Drop
Single-family existing homes were at a 4.6-months’ supply in July while condo-townhouse properties were at a 7.4-months’ supply. Continue Reading Florida’s Single-Family Home Sales Up While Condo-Townhome Sales Drop
