U.S. Housing Market
Mortgage Applications for New Home Purchases Declined in April
The average loan size for new homes decreased from $381,938 in March to $378,384 in April. Continue Reading Mortgage Applications for New Home Purchases Declined in April
Iowa Gov. Reynolds Signs Property Tax Relief Bill into Law
The new law replaces Iowa’s homestead tax credit with a 10% homestead property tax exemption up to $20,000. Continue Reading Iowa Gov. Reynolds Signs Property Tax Relief Bill into Law
Florida Home Sales Up While Prices Decline
The statewide level of single-family existing homes was at a 4.8-months’ supply while existing condo-townhouse properties were at a 9.3-months’ supply last month. Continue Reading Florida Home Sales Up While Prices Decline
Builder Confidence Inches Up Very Slightly
“Affordability for buyers and builders remains a top concern,” said NAHB Chairman Bill Owens. Continue Reading Builder Confidence Inches Up Very Slightly
Bing Crosby’s Former Northern California Estate Relisted 9 Months After Selling at a Discount
The French chateau-style residence in Silicon Valley enclave of Hillsborough was built in 1929. Continue Reading Bing Crosby’s Former Northern California Estate Relisted 9 Months After Selling at a Discount
Mortgage Application Activity in Mild Uptick
The seasonally adjusted Purchase Index increased 2% from one week earlier, but the unadjusted index decreased 2%. Continue Reading Mortgage Application Activity in Mild Uptick
Expanded Listings Helps Fuel Indiana Home Sales
The state’s median sale price fell from $260,000 in September to $258,000 in October. Continue Reading Expanded Listings Helps Fuel Indiana Home Sales
JD Power: Customer Satisfaction with Mortgage Lenders is Down
Overall customer satisfaction with mortgage lenders was rated at a 727 level on a 1,000-point scale. Continue Reading JD Power: Customer Satisfaction with Mortgage Lenders is Down
Foreclosure Activity Up in October
Nevada led the states in foreclosures, where one in every 2,741 housing units with a filing. Continue Reading Foreclosure Activity Up in October
Alaska’s Record-Breaking $15 Million Listing Features Hangar for Five Planes
“It’s very rare to see this kind of home on the market,” said listing agent David Matthys of Re/Max Dynamic Properties. Continue Reading Alaska’s Record-Breaking $15 Million Listing Features Hangar for Five Planes
NAR Chief Economist Predicts Rising Home Sales Over Next Two Years
Yun predicted mortgage rates will be “bouncing around 5.5%-6.5%.” Continue Reading NAR Chief Economist Predicts Rising Home Sales Over Next Two Years
Home Depot Foundation Invests $10 Million into Veterans-Focused Housing Needs
The foundation also announced plans to grow its mission with an updated commitment of $750 million to veteran causes by 2030. Continue Reading Home Depot Foundation Invests $10 Million into Veterans-Focused Housing Needs
Hits and Misses for the Real Estate Week of Nov. 4-8
This week’s Hits and Misses considers the election’s aftershocks, an attempt to stop new property taxes, and the life of an innovative business leader. Continue Reading Hits and Misses for the Real Estate Week of Nov. 4-8
Mortgage Delinquency Rate Up Slightly from Last Year
The effects of Hurricanes Helene and Milton will likely impact the next quarterly report. Continue Reading Mortgage Delinquency Rate Up Slightly from Last Year
Two New Partnerships Designed to Expand Homeownership Among Tribal Communities
According to Census Bureau data, 56.7% of Native American households owned their homes between 2015-2019. Continue Reading Two New Partnerships Designed to Expand Homeownership Among Tribal Communities
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