U.S. Housing Market
Pending Home Sales Up by Nearly 2%
On a regional basis, month-over-month pending home sales were up in the Northeast, Midwest and South but declined in the West. Continue Reading Pending Home Sales Up by Nearly 2%
Maine Home Sales Up 10.73% from Last Year
The median sales price for homes sold hit $426,000, up 7.85% from October 2024. Continue Reading Maine Home Sales Up 10.73% from Last Year
Congressional Real Estate Caucus Introduces Bill to Address Housing Affordability
“Homeownership is a vital part of achieving the American Dream,” said Rep. Mark Alford (R-MO), co-chairman of the Congressional Real Estate Caucus. Continue Reading Congressional Real Estate Caucus Introduces Bill to Address Housing Affordability
Mortgage Applications for New Home Purchases Inch Up by 1% from Last Year
The average loan size for new homes increased from $372,745 in July to $374,288 in August. Continue Reading Mortgage Applications for New Home Purchases Inch Up by 1% from Last Year
Builder Confidence Holds Steady
“NAHB expects the Fed to cut the federal funds rate at their meeting this week, which will help lower interest rates for builder and developer loans,” said Chief Economist Robert Dietz. Continue Reading Builder Confidence Holds Steady
Mortgage Rates Still Hovering Near the 7% Level
“We do not expect rates will decrease meaningfully in the near-term,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Still Hovering Near the 7% Level
Northeast and Midwest Lead the Nation with Highest Property Taxes
The average tax on single-family homes in the U.S. increased last year by 4.1% to $4,062. Continue Reading Northeast and Midwest Lead the Nation with Highest Property Taxes
Guest Opinion: How Can We Improve the State of Affordable Housing?
In 1960, the typical home was worth about 1.7 times the median family’s income. By 2022, that ratio had risen to well over three. Continue Reading Guest Opinion: How Can We Improve the State of Affordable Housing?
Tennessee Builder Teams with Internet Provider to Create 3,100 Wi-Fi-Ready Homes
The Wi-Fi-ready homes are being constructed as part of 11 separate developments in the Middle Tennessee area. Continue Reading Tennessee Builder Teams with Internet Provider to Create 3,100 Wi-Fi-Ready Homes
Mortgage Application Activity is Down Again
“Elevated mortgage rates continued to weigh down on homebuying,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity is Down Again
Person of the Week: David Druey, Florida Regional President at Centennial Bank
Our Person of the Week spotlight is focused on the Sunshine State as we discuss Florida's housing market with David Druey, the Florida regional president at Centennial Bank. How would you describe today’s housing market in Florida? For the state as a whole, we still...
Howard Hughes Holdings Contracts Four Homebuilders for Arizona Planned Community
Howard Hughes Holdings Inc. (NYSE: HHH) announced the first four homebuilders for the launch of Teravalis, the company’s new 37,000-acre community in Arizona’s Phoenix West Valley. Brightland Homes, Courtland Communities, KB Home and Lennar will build the initial...
NAR Report Affirms Millennials and Baby Boomers Dominate the Housing Market
Buyers of previously owned homes made up an 87% share of the market, compared to the 13% buying new homes. Continue Reading NAR Report Affirms Millennials and Baby Boomers Dominate the Housing Market
Rep. Adam Schiff Offers Bill to Convert Government Buildings into Affordable Housing
The bill was praised by National Association of Realtors President Kevin Sears. Continue Reading Rep. Adam Schiff Offers Bill to Convert Government Buildings into Affordable Housing
Second Round of California Dream for All Loan Program to Roll Out
The program was conceived to help bridge California’s racial gap in homeownership. Continue Reading Second Round of California Dream for All Loan Program to Roll Out
