U.S. Housing Market
Mortgage Credit Availability Improved in March
“Credit availability increased modestly in March to its highest level since August 2022,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved in March
Mortgage Rates Inch Down
The 30-year fixed-rate mortgage averaged 6.37% as of April 9, down from last week when it averaged 6.46%. Continue Reading Mortgage Rates Inch Down
Georgia Senate Passes Bill to Cap Statewide Property Taxes
“We need to protect our homeowners from double-digit increases,” said Sen. Chuck Hufstetler. Continue Reading Georgia Senate Passes Bill to Cap Statewide Property Taxes
Home Values Decline for Sixth Consecutive Month
The monthly mortgage payment on a typical home is now $1,733, which 8.4% less expensive than one year ago. Continue Reading Home Values Decline for Sixth Consecutive Month
Champion Homes Opens 67-Unit Affordable Community in Fresno
“The ability to use manufactured housing for scale and speed-to-market has a real impact,” said Champion Homes’ Chuck Bleth. Continue Reading Champion Homes Opens 67-Unit Affordable Community in Fresno
Calque Launches Contingency Buster, a New ‘Buy Before You Sell’ Program
The product is for homeowners seeking to quickly remove home sale contingencies and debt-to-income constraints at any point in the homebuying process. Continue Reading Calque Launches Contingency Buster, a New ‘Buy Before You Sell’ Program
California Approves Allstate’s Request for Home Insurance Hike of 34% on Average
This is California’s largest home insurance hike in three years. Continue Reading California Approves Allstate’s Request for Home Insurance Hike of 34% on Average
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%
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