U.S. Housing Market
Georgia Senate Approves Bill Creating New Sales Tax to Help Lower Property Taxes
“We are choosing to say that the people who own homes really are more important,” said Sen. Sonya Halpern (D-Atlanta). Continue Reading Georgia Senate Approves Bill Creating New Sales Tax to Help Lower Property Taxes
Apartment Rents Up Slightly in March
On an annual basis, rent growth eased slightly to 0.4% in March, down from 0.5% in February and from 1.5% one year earlier. Continue Reading Apartment Rents Up Slightly in March
Ground Broken on New Orleans Development Featuring 294 Affordable Housing Units
Construction will begin immediately, with substantial completion anticipated in September 2027. Continue Reading Ground Broken on New Orleans Development Featuring 294 Affordable Housing Units
New Data Reports Find Continuation of Mild Home Price Acceleration
Once again, FHFA Director Bill Pulte did not comment on the continued home price acceleration. Continue Reading New Data Reports Find Continuation of Mild Home Price Acceleration
Report: Nearly 44% of Homes Carry HOA Fees
Roughly one-third (33.4%) of single-family homes now carry HOA fees. Continue Reading Report: Nearly 44% of Homes Carry HOA Fees
Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year
The study is based on responses from 15,020 customers who have been with their current mortgage loan servicer for at least one year. Continue Reading Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year
Iowa’s Housing Inventory Up 32% from Last Year
The median sales price jumped 6.4% in June to $250,000. Continue Reading Iowa’s Housing Inventory Up 32% from Last Year
Home Sales Slip in Virginia
During June, the statewide median sales price reached $431,380, a 5% year-over-year increase of more than $20,000. Continue Reading Home Sales Slip in Virginia
Rhode Island’s Median Home Price Hits New High
During June, Rhode Island recorded a 19.1% year-over-year decline in home sales. Continue Reading Rhode Island’s Median Home Price Hits New High
New Data Reports Offer Rival Views of the Rental Housing Markets
Austin and Wichita top the rankings published by Realtor.com and RentCafe, respectively. Continue Reading New Data Reports Offer Rival Views of the Rental Housing Markets
New Home Sales Down While More Properties Sit on the Market Longer
Nearly two-thirds of homes that were on the market in June were listed for at least 30 days without going under contract. Continue Reading New Home Sales Down While More Properties Sit on the Market Longer
Mortgage Application Activity Drops While Forbearance Levels Inch Up
The number of loans in forbearance increased in June for the first time since October 2022. Continue Reading Mortgage Application Activity Drops While Forbearance Levels Inch Up
Sales Tumble, Prices Moderate in Florida’s Housing Market
In the second quarter, Florida’s single-family median sales price was $428,000, up 2.4% compared to the same quarter in 2023. Continue Reading Sales Tumble, Prices Moderate in Florida’s Housing Market
New York State Median Home Sales Price Hits Record High
As prices spiked, closed sales tumbled to 8,630 homes, down 17.4% year-over-year. Continue Reading New York State Median Home Sales Price Hits Record High
OUCH! Existing Home Sales Sink to Six-Month Low
The median existing-home price for all housing types in June was $426,900, an all-time high. Continue Reading OUCH! Existing Home Sales Sink to Six-Month Low
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