U.S. Housing Market
The State with the Highest Property Tax Is…
Homeowners in West Virginia paid the lowest average total real estate taxes at $1,044. Continue Reading The State with the Highest Property Tax Is…
Vermont Homeowners Face 12% Property Tax Hike
If the latest tax hike goes into effect, homeowners in the Green Mountain State will have shouldered a 41% rise in property taxes over the past five years. Continue Reading Vermont Homeowners Face 12% Property Tax Hike
Virginia Home Sales Hold Steady Amid Surge in New Listings
The statewide median sales price reached $430,000, a 3.6% increase from August 2024. Continue Reading Virginia Home Sales Hold Steady Amid Surge in New Listings
Forecast Warns of 10% Spike in Electric Heating Costs This Winter
NEADA is also predicting higher natural gas costs, with the average household gas bill increasing from $639 to $693. Continue Reading Forecast Warns of 10% Spike in Electric Heating Costs This Winter
Florida Records Surge in Pending Home Sales
The statewide median sales price for single-family existing homes in August was $410,000, down 0.4% year-over-year. Continue Reading Florida Records Surge in Pending Home Sales
Production Losses Widen for Independent Mortgage Banks
The refinancing share of total originations (by dollar volume) decreased to 11% in 2023 from 20% in 2022. Continue Reading Production Losses Widen for Independent Mortgage Banks
Mortgage Rates Continue to Rise
The 30-year fixed-rate mortgage averaged 7.17% as of April 25. Continue Reading Mortgage Rates Continue to Rise
Alabama Home Sales Up for Second Consecutive Month
The median home price of $202,833 was down by 1.3% from the previous year. Continue Reading Alabama Home Sales Up for Second Consecutive Month
New $500 Million Fund Focuses on Sun Belt Rental Housing
The first project involved a $180 million project now under construction in Phoenix. Continue Reading New $500 Million Fund Focuses on Sun Belt Rental Housing
Profit Margins Down for Q1 Home Sales
This is down from 57.1% in the previous quarter and from 56.5% one year earlier. Continue Reading Profit Margins Down for Q1 Home Sales
Redfin: Median Home Sale Price at New Record High
Redfin noted the new record price comes at a time when new listings are up 10.2% year-over-year. Continue Reading Redfin: Median Home Sale Price at New Record High
Pending Home Sales Up in March
Pending home sales in March were up by 3.4% from February and up by 0.1% from one year earlier, according to new data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index (PHSI) increased to 78.2 in March; an index of 100 is...
Frank Sinatra’s Former NYC Home Listed at $4.45 Million
The legendary entertainer owned the property from 1963 through 1969. Continue Reading Frank Sinatra’s Former NYC Home Listed at $4.45 Million
Q1 Texas Home Sales Were Flat Despite Spike in Active Listings
The first quarter statewide median price of $330,950 was 1.6% higher than in the same period during 2023. Continue Reading Q1 Texas Home Sales Were Flat Despite Spike in Active Listings
CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’
“Homeowners cannot just simply switch providers if their mortgage servicer charges them illegal junk fees,” said CFPB Director Rohit Chopra. Continue Reading CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’
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…
