U.S. Housing Market
Realtor.com Debuts App in ChatGPT
The app is available beginning today. Continue Reading Realtor.com Debuts App in ChatGPT
Hits and Misses for the Real Estate Week of March 23-27
Mortgage rates on the rise, Habitat for Humanity turns 50, and a new TV series help seniors consider housing options. Continue Reading Hits and Misses for the Real Estate Week of March 23-27
Virginia Home Sales Up 7.3% in December
Virginia’s median sales price was $415,000, up $1,510 from last year for an increase of less than 1%. Continue Reading Virginia Home Sales Up 7.3% in December
Grant Cardone Calls on Trump to Extend Bonus Depreciation to Homeowners
Cardone said he “floated this concept to administration a week ago” and the president liked the idea. Continue Reading Grant Cardone Calls on Trump to Extend Bonus Depreciation to Homeowners
Pennsylvania Home Sales and Prices Dropped in December
The decline in sales was mirrored by a decline in new listings – 30,595 in December, compared to 34,812 one year earlier. Continue Reading Pennsylvania Home Sales and Prices Dropped in December
MBA: Mortgage Credit Availability Up for Sixth Consecutive Month
“The jumbo index increased to its highest level since August 2022,” said MBA’s Joel Kan. Continue Reading MBA: Mortgage Credit Availability Up for Sixth Consecutive Month
Foreclosure Activity Down During First Half of the Year
Nationwide, 0.13% of all housing units (one in every 794) had a foreclosure filing in the first half of 2024. Continue Reading Foreclosure Activity Down During First Half of the Year
Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week
The typical home is selling for 0.4% less than its asking price. Continue Reading Redfin: Median Home Sale Price Hits Record High for Ninth Straight Week
Home Sales Decline Across Mid-Atlantic Region
Although fewer homes were being sold, more properties were available for sale in June. Continue Reading Home Sales Decline Across Mid-Atlantic Region
Builders Ask Congress to Support Policies to Enable Affordable Housing Construction
Regulatory costs account for nearly 25% of the cost of a single-family home and more than 40% of the cost of a typical apartment development. Continue Reading Builders Ask Congress to Support Policies to Enable Affordable Housing Construction
5-Floor NYC Penthouse Sells for $135 Million
The 12,500-square-foot unit is one of 22 residences located above the Aman New York hotel in the historic Crown Building in Manhattan. Continue Reading 5-Floor NYC Penthouse Sells for $135 Million
New Pennsylvania Law Addresses Residential Wholesaling Abuses
Wholesalers typically seek distressed properties from an owner who wants to sell quickly and is unaware of the home’s market value. Continue Reading New Pennsylvania Law Addresses Residential Wholesaling Abuses
Mortgage Application Activity Takes a Downturn
The seasonally adjusted Purchase Index increased 1% from one week earlier, but the unadjusted index fell by 19%. Continue Reading Mortgage Application Activity Takes a Downturn
The City with the Biggest Annual Rent Hike Is…
New York City leads the nation with the highest typical rents. Continue Reading The City with the Biggest Annual Rent Hike Is…
FHA Updates 203(k) Program for Home Repair Financing
“The changes we are announcing today for the 203(k) program are long overdue,” said FHA Commissioner Julia Gordon. Continue Reading FHA Updates 203(k) Program for Home Repair Financing
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