U.S. Housing Market
Oregon’s Willamette Valley Bank to Cease Residential Mortgage Lending
Willamette Valley Bank is a state-chartered community bank founded in 2000. Continue Reading Oregon’s Willamette Valley Bank to Cease Residential Mortgage Lending
30-Year Fixed-Rate Mortgage Drops Below 6% for the First Time Since 2022
A year ago at this time, it averaged 6.76%. Continue Reading 30-Year Fixed-Rate Mortgage Drops Below 6% for the First Time Since 2022
Maine’s Housing Market was a November to Forget
The state reported a median sales price of $399,000 for single-family existing homes sold in November. Continue Reading Maine’s Housing Market was a November to Forget
Pennsylvania Home Sales Down While Prices Keep Rising
The Pennsylvania median home price was up 5.2% year-over-year to $305,000, compared to $290,000 in November 2024. Continue Reading Pennsylvania Home Sales Down While Prices Keep Rising
Federal Home Loan Bank of New York Invests $225 Million in NYC Affordable Housing Initiative
Last June, the FHLBNY and the HDC partnered on a $150 million bond purchase in support of more than 2,250 homes across HDC programs. Continue Reading Federal Home Loan Bank of New York Invests $225 Million in NYC Affordable Housing Initiative
Mortgage Application Activity Takes a Downturn
The seasonally adjusted Purchase Index increased 1% from one week earlier, but the unadjusted index fell by 19%. Continue Reading Mortgage Application Activity Takes a Downturn
The City with the Biggest Annual Rent Hike Is…
New York City leads the nation with the highest typical rents. Continue Reading The City with the Biggest Annual Rent Hike Is…
FHA Updates 203(k) Program for Home Repair Financing
“The changes we are announcing today for the 203(k) program are long overdue,” said FHA Commissioner Julia Gordon. Continue Reading FHA Updates 203(k) Program for Home Repair Financing
The Best and Worst Cities for Renters Are…
Memphis ranked last among the more than 180 cities ranked by WalletHub. Continue Reading The Best and Worst Cities for Renters Are…
Survey: Most Gen Zers Believe They’ll Never Own a Home
Nearly all respondents (98%) cited significant barriers to homeownership. Continue Reading Survey: Most Gen Zers Believe They’ll Never Own a Home
Inventory Levels Up 36.7% from Last Year
Nonetheless, inventory levels were still far below pre-pandemic levels except in a few southern metros. Continue Reading Inventory Levels Up 36.7% from Last Year
New Report Links Housing to Good Health in Maine
Nearly 2,700 people are considered homeless in Maine. Continue Reading New Report Links Housing to Good Health in Maine
A Phil Hall Op-Ed: How Would Trump Impact Housing Policy?
The Trump re-election website has a page called “Issues” which fails to include housing among the topics impacting Americans. Continue Reading A Phil Hall Op-Ed: How Would Trump Impact Housing Policy?
1 in 4 New Hampshire Homes Listed for at Least $1 Million
More than 110 localities had at least one seven-figure single-family home for sale last month. Continue Reading 1 in 4 New Hampshire Homes Listed for at Least $1 Million
Fannie Mae: Housing Sentiment Level Rises
“Affordability concerns remain the primary driver of consumer housing sentiment,” said Deputy Chief Economist Mark Palim. Continue Reading Fannie Mae: Housing Sentiment Level Rises
