U.S. Housing Market
Hits and Misses for the Real Estate Week of February 23-27
A lack of housing policy ideas in the State of the Union, a theater chain weighs closing more locations, and a city loses millions on consulting fees around a failed museum project. Continue Reading Hits and Misses for the Real Estate Week of February 23-27
Deltec Homes Debuts New Line of Affordable Dwelling Units
“These new cottages are our most cost-effective models to date,” said Meg Gore, CEO of Deltec Homes. Continue Reading Deltec Homes Debuts New Line of Affordable Dwelling Units
$15 Million Allocated for Virginia Workforce Housing Investment Program
The new funding will be used to support middle-income housing development in 14 localities. Continue Reading $15 Million Allocated for Virginia Workforce Housing Investment Program
Freddie Mac’s Christmas Gift: Mortgage Rates Continue to Decline
The 30-year fixed-rate mortgage averaged 6.18% as of Dec. 24, down from last week when it averaged 6.21%. Continue Reading Freddie Mac’s Christmas Gift: Mortgage Rates Continue to Decline
Alabama Recorded Increase in Home Sales During November
The median sales price in Alabama grew by $39,275 year-over-year to $251,784, an 18.5% annual increase but a 0.6% drop month-over-month. Continue Reading Alabama Recorded Increase in Home Sales During November
HUD Proposes New Rule for Governing FHA Mortgage Note Sales
HUD is requesting public comment on its proposal by Sept. 16. Continue Reading HUD Proposes New Rule for Governing FHA Mortgage Note Sales
Waltz, a Fintech Start-Up, Offers Platform for Foreign Investors in US Residential Real Estate
“Investing in anything nowadays takes just a few clicks, unless you’re a foreign citizen investing in U.S. property,” said Yuval Golan, founder and CEO of Waltz. Continue Reading Waltz, a Fintech Start-Up, Offers Platform for Foreign Investors in US Residential Real Estate
Foreign Buyers Purchasing Fewer (But More Expensive) US Existing Homes
At $1.3 million, Chinese buyers had the highest average purchase price. Continue Reading Foreign Buyers Purchasing Fewer (But More Expensive) US Existing Homes
Single-Family Housing Starts Down in June
Single-family housing completions in June were at a rate of 1.03 million, which is 1.8% above the revised May rate of 1.01 million. Continue Reading Single-Family Housing Starts Down in June
Mortgage Application Activity in 4% Upswing
The FHA share of total applications increased to 13.5% while the VA share increased to 15.2%. Continue Reading Mortgage Application Activity in 4% Upswing
A Phil Hall Op-Ed: Who Wants to Live in a Post Office?
Why did the USPS wait until now to realize that it had “certain surplus properties” that is could have jettisoned? Continue Reading A Phil Hall Op-Ed: Who Wants to Live in a Post Office?
Builder Confidence Drops to 7-Month Low
NAHB Chief Economist Robert Dietz predicted “Fed rate reductions to begin at the end of this year.” Continue Reading Builder Confidence Drops to 7-Month Low
Real Estate Leaders Push Back at Biden’s Rent Control Proposals
MBA’s Bob Broeksmit slammed Biden’s “politically motivated and self-defeating” proposals. Continue Reading Real Estate Leaders Push Back at Biden’s Rent Control Proposals
The Best and Worst Cities for First-Time Homebuyers Are…
Eight of the 10 worst cities for first-time homebuyers were in California. Continue Reading The Best and Worst Cities for First-Time Homebuyers Are…
Zillow: Price Cuts on One-in-Four Listings in June
Nearly one-quarter of listings (24.5%) received a price cut during June, according to new data from Zillow (NASDAQ:Z, ZG). Last month’s share marked the highest rate at this time of year since Zillow began tracking this data in 2018. Zillow also noted that home value...
