U.S. Housing Market
New Forecast Predicts Multifamily Vacancy Rate to Increase by Year’s End
“The near-term rent growth outlook was maintained after modest first-quarter rent trends fell in line with expectations,” said Grant Montgomery, national director of multifamily analytics at CoStar Group. Continue Reading New Forecast Predicts Multifamily Vacancy Rate to Increase by Year’s End
Mortgage Rates Up for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.37% as of May 7, up from last week when it averaged 6.30%. Continue Reading Mortgage Rates Up for Second Straight Week
Century Communities to Begin Sales at New South Carolina Townhome Community
Pricing for the residences start in the low $200,000s. Continue Reading Century Communities to Begin Sales at New South Carolina Townhome Community
Mortgage Application Activity Remains Flat
The FHA share of total applications decreased to 16.1% from 18.4% the week prior. Continue Reading Mortgage Application Activity Remains Flat
Kentucky Home Sales Drop Amid Spike in New Listings
“Despite being in the middle of real estate’s slower season, now is still a great time to buy in Kentucky,” said Kentucky Realtors CEO Josh Summers. Continue Reading Kentucky Home Sales Drop Amid Spike in New Listings
Annual Home Price Growth Remains Below 5%
No states posted annual home price declines. Continue Reading Annual Home Price Growth Remains Below 5%
Guest Opinion: The CFPB’s Approach to Mortgage Refinancing
CFPB Director Rohit Chopra describes his agency’s approach to regulating mortgage refinancing. Continue Reading Guest Opinion: The CFPB’s Approach to Mortgage Refinancing
Florida Apartment Tower Transitions from Market Rate to Affordable Housing
The building is slated to receive $9 million in planned upgrades. Continue Reading Florida Apartment Tower Transitions from Market Rate to Affordable Housing
FHFA Releases Mortgage Loan and Natural Disaster Dashboard
The tool can be used in combination with the FHFA’s Public Use Database. Continue Reading FHFA Releases Mortgage Loan and Natural Disaster Dashboard
A Phil Hall Op-Ed: When is Celebrity Real Estate Deserving of Coverage?
Editor Phil Hall considers the pros and cons of covering celebrity-focused real estate stories. Continue Reading A Phil Hall Op-Ed: When is Celebrity Real Estate Deserving of Coverage?
Report: Many Sellers Still Covering Buyer’s Agent Fee Despite NAR Settlement Changes
Redfin agents in the Dallas and Portland markets have seen instances of “3%” written on a lockbox. Continue Reading Report: Many Sellers Still Covering Buyer’s Agent Fee Despite NAR Settlement Changes
Frank Lloyd Wright’s First Commission Residence Listed at Nearly $2 Million
The Winslow House was added to the National Register of Historic Places in 1970. Continue Reading Frank Lloyd Wright’s First Commission Residence Listed at Nearly $2 Million
Hits and Misses for the Real Estate Week of Sept. 2-6
The multiple levels of illegal immigration’s effects on housing and a 1,700-page report on a deadly building fire are part of this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of Sept. 2-6
Newsom Vetoes Bill to Provide Homebuying Assistance to Illegal Immigrants
The bill’s author, State Rep. Joaquin Arambula (D-Fresno), sought to downplay the immigrant status nature of his bill. Continue Reading Newsom Vetoes Bill to Provide Homebuying Assistance to Illegal Immigrants
Toll Brothers Unveils New Community in Florida
Homes will be priced from $1.9 million, and the community is expected to open for sale in early 2025. Continue Reading Toll Brothers Unveils New Community in Florida
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