U.S. Housing Market
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
Mortgage Application Activity Slows Again
The FHA share of total applications increased to 20.5% from 18.5% the week prior while the VA share of total applications dropped to 14.9% from 16.3%. Continue Reading Mortgage Application Activity Slows Again
William Holden’s Palm Springs Estate Listed for $11 Million
The property, which was listed as a historic site by the City of Palm Springs in 2018, last sold in 2017 for $3.4 million. Continue Reading William Holden’s Palm Springs Estate Listed for $11 Million
Florida Lawmaker Proposes $1,000/Year Property Tax Rebate for Next 5 Years
The rebates would be administered by the Florida Department of Financial Services. Continue Reading Florida Lawmaker Proposes $1,000/Year Property Tax Rebate for Next 5 Years
Connecticut Home Built in 1738 Listed for $1.95 Million
The new listing is the third time in five years that the home is being sold. Continue Reading Connecticut Home Built in 1738 Listed for $1.95 Million
Hits and Misses for the Real Estate Week of April 22-26
This week’s Hits and Misses includes a new stadium in Chicago, a new player in Sun Belt rental housing and cleaning up moldy residences in London. Continue Reading Hits and Misses for the Real Estate Week of April 22-26
Production Losses Widen for Independent Mortgage Banks
The refinancing share of total originations (by dollar volume) decreased to 11% in 2023 from 20% in 2022. Continue Reading Production Losses Widen for Independent Mortgage Banks
Mortgage Rates Continue to Rise
The 30-year fixed-rate mortgage averaged 7.17% as of April 25. Continue Reading Mortgage Rates Continue to Rise
Alabama Home Sales Up for Second Consecutive Month
The median home price of $202,833 was down by 1.3% from the previous year. Continue Reading Alabama Home Sales Up for Second Consecutive Month
New $500 Million Fund Focuses on Sun Belt Rental Housing
The first project involved a $180 million project now under construction in Phoenix. Continue Reading New $500 Million Fund Focuses on Sun Belt Rental Housing
Profit Margins Down for Q1 Home Sales
This is down from 57.1% in the previous quarter and from 56.5% one year earlier. Continue Reading Profit Margins Down for Q1 Home Sales
Redfin: Median Home Sale Price at New Record High
Redfin noted the new record price comes at a time when new listings are up 10.2% year-over-year. Continue Reading Redfin: Median Home Sale Price at New Record High
Pending Home Sales Up in March
Pending home sales in March were up by 3.4% from February and up by 0.1% from one year earlier, according to new data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index (PHSI) increased to 78.2 in March; an index of 100 is...
Frank Sinatra’s Former NYC Home Listed at $4.45 Million
The legendary entertainer owned the property from 1963 through 1969. Continue Reading Frank Sinatra’s Former NYC Home Listed at $4.45 Million
