U.S. Housing Market
DDB Capital to Create 52-Acre Residential Community in Alabama
The first home sales are anticipated in the fourth quarter of this year. Continue Reading DDB Capital to Create 52-Acre Residential Community in Alabama
Citi Debuts $60 Billion Blueprint for Housing Opportunity Initiative
“Housing affordability is one of the defining economic challenges of our time, and increasing supply is essential to addressing it,” said Jane Fraser, CEO and board chairwoman of Citi. Continue Reading Citi Debuts $60 Billion Blueprint for Housing Opportunity Initiative
New York State Home Sales Decline as Prices Keep Rising
The median sales price increased 5.0%, rising from $400,000 in November 2024 to $420,000 last month. Continue Reading New York State Home Sales Decline as Prices Keep Rising
Existing Home Sales Inched Up 0.5% in November
The median existing home price in November was $409,200 for all housing types, up 1.2% from one year ago ($404,400). Continue Reading Existing Home Sales Inched Up 0.5% in November
Mortgage Application Payments Down in November
“Affordability conditions have now improved for six straight months,” said MBA’s Edward Seiler. Continue Reading Mortgage Application Payments Down in November
A Typical Black Household Can Only Afford Starter Homes in 10 Major Metros
The typical Detroit starter home costs just $66,000 and comes with a median monthly payment of $579. Continue Reading A Typical Black Household Can Only Afford Starter Homes in 10 Major Metros
Pending Home Sales Down in May
“The market is at an interesting point with rising inventory and lower demand,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Down in May
Mortgage Rates Moves Further from the 7% Mark
The 30-year fixed-rate mortgage averaged 6.86% as of June 27. Continue Reading Mortgage Rates Moves Further from the 7% Mark
Survey: Half of Middle-Income Americans Feel Homeownership is Not Required for Financial Prosperity
Eight in 10 middle-income households said they were current on their bills. Continue Reading Survey: Half of Middle-Income Americans Feel Homeownership is Not Required for Financial Prosperity
New Single-Family Home Sales at Lowest Pace in 7 Months
The median sales price of new houses sold in May 2024 was $417,400. Continue Reading New Single-Family Home Sales at Lowest Pace in 7 Months
Can Minimum Wage Earners Afford to Buy a Home?
Minimum wage earners in Utah have the longest haul to homeownership. Continue Reading Can Minimum Wage Earners Afford to Buy a Home?
Mortgage Application Activity Inches Up
The total number of home loans now in forbearance declined slightly to 0.21% as of May 31. Continue Reading Mortgage Application Activity Inches Up
Private Equity Firm KKR Acquires 18 Multifamily Properties for $2.1 Billion
The acquisition encompasses more than 5,200 apartment units in newly built mid- and high-rise complexes Continue Reading Private Equity Firm KKR Acquires 18 Multifamily Properties for $2.1 Billion
Case-Shiller: Home Prices Reach Another New High
Home prices in 13 markets were currently at all-time highs. Continue Reading Case-Shiller: Home Prices Reach Another New High
A Phil Hall Op-Ed: 10 Questions for the Biden-Trump Debate
Ten real estate-related questions for the two presumptive presidential candidates. Continue Reading A Phil Hall Op-Ed: 10 Questions for the Biden-Trump Debate
