U.S. Housing Market
Maine Home Sales Up 10.73% from Last Year
The median sales price for homes sold hit $426,000, up 7.85% from October 2024. Continue Reading Maine Home Sales Up 10.73% from Last Year
MBA Chief Calls for Federal Probe into Price Hikes on Credit Reporting Products
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit is calling for a federal investigation into recent price increases for credit reporting products. In a post on LinkedIn, Broeksmit stated, “I was hoping it was April Fool’s Day, but it feels more like...
Michigan Credit Union Offers Mortgages at 4.99% Rate
Michigan Legacy has more than $218 million in assets and is designated as a “low-income credit union.” Continue Reading Michigan Credit Union Offers Mortgages at 4.99% Rate
A Phil Hall Op-Ed: Charlie Kirk and the Housing Market
The slain conservative activist expressed repeated concerns on the evaporation of affordable homeownership opportunities. Continue Reading A Phil Hall Op-Ed: Charlie Kirk and the Housing Market
Year-Over-Year Foreclosure Activity Up for Sixth Straight Month
One in every 3,987 housing units had a foreclosure filing last month. Continue Reading Year-Over-Year Foreclosure Activity Up for Sixth Straight Month
RE/MAX: Home Sales Soar 17%
RE/MAX reported homes took an average of 44 days to sell in February. Continue Reading RE/MAX: Home Sales Soar 17%
FHA Raises Loan Limits for Manufactured Homes
The FHA said it will recalculate the program’s loan limits on an annual basis to keep pace with changing home prices. Continue Reading FHA Raises Loan Limits for Manufactured Homes
Single-Family Housing Starts Jump by 11.6%
Single‐family housing completions in February were at a rate of 1.07 million, a 20.2% spike from the revised January rate of 892,000. Continue Reading Single-Family Housing Starts Jump by 11.6%
A Phil Hall Op-Ed: X Marks the NAR Settlement Spot
A diverse range of opinions can be found on the site formerly known as Twitter. Continue Reading A Phil Hall Op-Ed: X Marks the NAR Settlement Spot
Builder Confidence at Highest Level in Eight Months
“We expect more consumers to jump off the sidelines and into the marketplace if mortgage rates continue to fall later this year,” said NAHB Chairman Carl Harris. Continue Reading Builder Confidence at Highest Level in Eight Months
Billionaire Investor Marc Andreesen Lists Mansion for $33.3 Million
Andreesen and his wife acquired the 1.54-acre property in 2007 for $16.6 million. Continue Reading Billionaire Investor Marc Andreesen Lists Mansion for $33.3 Million
IMBs Recorded Net Production Losses in Q4 2023
“The fourth quarter of 2023 was about as challenging as it could get for mortgage lenders to generate a production profit,” said MBA’s Marina Walsh. Continue Reading IMBs Recorded Net Production Losses in Q4 2023
Hits and Misses for the Real Estate Week of March 11-15
An unexpected settlement, an unexpected resignation and the unexpected closing of 1,000 stores top this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of March 11-15
National Association of Realtors in $418 Million Settlement Over Commissions Lawsuits
Last month, the organization vowed to appeal the Sitzer/Burnett verdict. Continue Reading National Association of Realtors in $418 Million Settlement Over Commissions Lawsuits
Redfin: February’s New Listings Up 14.8% from Last Year
The new numbers echo a similar data report from Zillow. Continue Reading Redfin: February’s New Listings Up 14.8% from Last Year
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