U.S. Housing Market
HUD Revises Environmental Review Requirements for Multifamily Developments
“This is about fixing policies that have made housing expensive and difficult to build,” said HUD Secretary Scott Turner. Continue Reading HUD Revises Environmental Review Requirements for Multifamily Developments
California Housing Affordability at Highest Level in 4 Years
A minimum annual income of $204,800 was required to make the monthly payment of $5,120 on a 30-year fixed-rate mortgage at 6.24% in California. Continue Reading California Housing Affordability at Highest Level in 4 Years
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
Maryland Home Sales Down Amid Inventory Shortages
The average sales price increased 3.4% year-over-year to $495,038 and the median sales price inched up by 0.5% to $410,000. Continue Reading Maryland Home Sales Down Amid Inventory Shortages
Hits and Misses for the Real Estate Week of Sept. 9-13
This week’s Hits and Misses include a near-silence on housing in the presidential debate and newly listed homes with sketchy histories. Continue Reading Hits and Misses for the Real Estate Week of Sept. 9-13
Mortgage Rates Fall to 19-Month Low
The 30-year fixed-rate mortgage averaged 6.20% as of Sept. 12, down from last week when it averaged 6.35%. Continue Reading Mortgage Rates Fall to 19-Month Low
Demand for Second-Home Mortgages at 8-Year Low
In comparison, mortgage-rate locks for primary homes declined 5.2%. Continue Reading Demand for Second-Home Mortgages at 8-Year Low
Foreclosure Activity Dropped in August
Nationwide, one in every 4,662 housing units had a foreclosure filing last month. Continue Reading Foreclosure Activity Dropped in August
Active Listings Expand, Median Home Prices Up in Mid-Atlantic Region
Sales activity was stronger in the Mid-Atlantic region’s smaller markets, while sales were cooler in the big metro areas. Continue Reading Active Listings Expand, Median Home Prices Up in Mid-Atlantic Region
George Washington Slept Here; It Is Now Listed For $11.5 Million
The property, which is named Wheatland Farm, is now home to an equestrian center. Continue Reading George Washington Slept Here; It Is Now Listed For $11.5 Million
Ascendant Development Completes Luxury High-Rise in Nashville
The 11-story property features seven residential stories atop a four-story parking podium. Continue Reading Ascendant Development Completes Luxury High-Rise in Nashville
Mortgage Application Activity and Credit Availability Record Upticks
The Market Composite Index increased 1.4% on a seasonally adjusted basis. Continue Reading Mortgage Application Activity and Credit Availability Record Upticks
Home Seller Sues Douglas Elliman for Not Disclosing Buyer Was Jeff Bezos
Leo Kryss is suing Elliman for the $6 million that he discounted. Continue Reading Home Seller Sues Douglas Elliman for Not Disclosing Buyer Was Jeff Bezos
Trump-Harris Debate Mostly Ignores Housing Issues
The ABC News debate moderators never asked a housing-related question. Continue Reading Trump-Harris Debate Mostly Ignores Housing Issues
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