U.S. Housing Market
Wisconsin Home Sales and Prices Up During October
The median price increased to $331,500, which is a 6.9% increase over the last 12 months. Continue Reading Wisconsin Home Sales and Prices Up During October
Median for Luxury Home Sales Prices Hit New Record High for October
Last month’s price was a 5.5% year-over-year increase. Continue Reading Median for Luxury Home Sales Prices Hit New Record High for October
Housing Market Hit Record $55.1 Trillion
Seven states saw their housing markets lose value over the past year, with the biggest drops in Florida (-$109 billion), California (-$106 billion) and Texas (-$32 billion). Continue Reading Housing Market Hit Record $55.1 Trillion
Property Insurance Costs Grow 11.3%
California saw the largest increases in the first half of the year, with premiums in Los Angeles up 9% in six months and 19.5% year-over-year. Continue Reading Property Insurance Costs Grow 11.3%
Black Homeownership Rate Drops to 4-Year Low
The homeownership rate decline occurred as the Black unemployment rate reached 7.2% as of July, up from 6.3% one year before and the highest level since October 2021. Continue Reading Black Homeownership Rate Drops to 4-Year Low
Former Boston-Area College Campus to Become Multifamily Community
Alexan Chelmsford will be a 32-acre community with a 340-unit luxury multifamily residence. Continue Reading Former Boston-Area College Campus to Become Multifamily Community
Biden Offers Rare Acknowledgment of Housing Challenges with New Proposals
“I know the cost of housing is so important to you,” said Biden during his State of the Union. Continue Reading Biden Offers Rare Acknowledgment of Housing Challenges with New Proposals
Mortgage Rates Dip, But Still Close to 7%
The 30-year fixed-rate mortgage averaged 6.88% as of March 7, down from last week when it averaged 6.94%. Continue Reading Mortgage Rates Dip, But Still Close to 7%
The Best Month For Selling a House Is…
“The best time to list is when it makes the most sense for their lives,” said Zillow Chief Economist Skylar Olsen. Continue Reading The Best Month For Selling a House Is…
Three States Have 34 of the 50 Most At-Risk County Housing Markets
The Midwest and South had the most markets considered least likely to decline. Continue Reading Three States Have 34 of the 50 Most At-Risk County Housing Markets
Q4 2023 Home Equity Up by 8.6%
The total number of mortgaged homes in negative equity decreased by 1.1% to 1 million homes, or 1.8% of all mortgaged properties. Continue Reading Q4 2023 Home Equity Up by 8.6%
Biden’s State of the Union Speech to Avoid Housing and Commercial Real Estate Challenges
The Biden agenda proposes increasing the corporate tax rate to 28% and the corporate minimum tax to 21%. Continue Reading Biden’s State of the Union Speech to Avoid Housing and Commercial Real Estate Challenges
Appeals Court Restores ‘Mansion Tax’ Referendum to Chicago Ballot
Properties sold for $1.5 million or more would be forced to pay a 3% transfer tax, which is four times the current rate. Continue Reading Appeals Court Restores ‘Mansion Tax’ Referendum to Chicago Ballot
Fannie Mae Upgrades Data Validation Capabilities in Desktop Underwriter
“We are removing a hurdle from the loan application process,” said Cyndi Danko, senior vice president and single-family chief credit officer. Continue Reading Fannie Mae Upgrades Data Validation Capabilities in Desktop Underwriter
HUD Allocates $10 Million in Grants to Housing Counseling Agencies
HUD said the funds will be used “to increase homeownership rates among historically underserved communities.” Continue Reading HUD Allocates $10 Million in Grants to Housing Counseling Agencies
