U.S. Housing Market
Mortgage Application Activity Down by 5%
Among the federal programs, the FHA share of total applications increased to 20.8% from 19.5% the week prior. Continue Reading Mortgage Application Activity Down by 5%
Minnesota Mayors Blame Reckless State Spending for Property Tax Hikes
“Our residents deserve better than deficits, economic decline and policies that push families and businesses away,” the letter said. Continue Reading Minnesota Mayors Blame Reckless State Spending for Property Tax Hikes
REMAX: Home Sales Up by 8.5% Year-Over-Year
The median sales price in September was $439,000, a decrease of $6,000 (1.3%) from August, Continue Reading REMAX: Home Sales Up by 8.5% Year-Over-Year
Mortgage Rates Take Another Tumble
The 30-year fixed-rate mortgage averaged 6.27% as of Oct. 16. Continue Reading Mortgage Rates Take Another Tumble
Builder Confidence Rises Despite Market Challenges
“The HMI gain in October is a positive signal for 2026 as our forecast is for single-family housing starts to gain ground next year,” said NAHB Chief Economist Robert Dietz. Continue Reading Builder Confidence Rises Despite Market Challenges
Lower-Income Borrowers Account for One in Five New Mortgages
Redfin noted today’s median-home sale price is about $420,000, up 5% year-over-year. Continue Reading Lower-Income Borrowers Account for One in Five New Mortgages
Reverse Mortgage Pitchman Tom Selleck Fears Losing Ranch with Series’ End
“Am I set for life? Yeah, but maybe not on a 63-acre ranch,” Selleck said. Continue Reading Reverse Mortgage Pitchman Tom Selleck Fears Losing Ranch with Series’ End
U.S. Real Estate Fencing Market Forecast to Reach $14.1 Billion by 2032
The new report cited concerns over crime as fueling the fencing market. Continue Reading U.S. Real Estate Fencing Market Forecast to Reach $14.1 Billion by 2032
Capitol Hill Lawmakers Create Bipartisan Congressional Real Estate Caucus
The caucus is backed by several prominent housing trade organizations. Continue Reading Capitol Hill Lawmakers Create Bipartisan Congressional Real Estate Caucus
Survey: Nearly Half of Buyers Stopped Looking for Homes Due to Inflation
Two-thirds of respondents admitted they would seriously consider a home purchase after 30-year mortgage rates fall below 5%. Continue Reading Survey: Nearly Half of Buyers Stopped Looking for Homes Due to Inflation
FHLBank Chicago Now Accepting Affordable Housing Program Grant Applications
Applications for this year’s AHP General Fund grants will be accepted through June 14 at 5:00 p.m. CDT. Continue Reading FHLBank Chicago Now Accepting Affordable Housing Program Grant Applications
Hits and Misses for the Real Estate Week of April 29-May 3
This week’s Hits and Misses include a landlord facing multiple indictments, a pair of new lawsuits and a boffo sale of a game show host’s estate. Continue Reading Hits and Misses for the Real Estate Week of April 29-May 3
Study: Fewer White Buyers Taking Out Mortgages
Slightly less than two-thirds (62.2%) of new mortgages issued in 2023 went to White homebuyers. Continue Reading Study: Fewer White Buyers Taking Out Mortgages
Builders Publish 10-Point Plan to Address Housing Affordability Challenges
“The lack of homes is the primary cause of growing housing affordability challenges,” said NAHB Chairman Carl Harris. Continue Reading Builders Publish 10-Point Plan to Address Housing Affordability Challenges
Sean Hannity Lists Long Island Mansion for $13.75 Million
Hannity acquired the property through a limited liability company in 2008 for $8.5 million. Continue Reading Sean Hannity Lists Long Island Mansion for $13.75 Million
