U.S. Housing Market
Mortgage Rates Surge for Fourth Straight Week
The 30-year fixed-rate mortgage averaged 6.38% as of March 26. Continue Reading Mortgage Rates Surge for Fourth Straight Week
Report: Most Homes Were Unaffordable During Q1
California’s Los Angeles County was the least affordable market in ATTOM’s report. Continue Reading Report: Most Homes Were Unaffordable During Q1
Trump Issues Executive Order to Curb Institutional Investor Purchasing of Single-Family Homes
“My Administration will take decisive action to stop Wall Street from treating America’s neighborhoods like a trading floor and empower American families to own their homes,” said the president. Continue Reading Trump Issues Executive Order to Curb Institutional Investor Purchasing of Single-Family Homes
Refinancing Inquiries Spark Upswing in Mortgage Application Activity
The FHA share of total applications decreased to 15.9% from 19.2% the week prior. Continue Reading Refinancing Inquiries Spark Upswing in Mortgage Application Activity
New York State Home Sales Up 2.5%
Home prices extended the streak of 29 consecutive months of rising values with a 4.2% year-over-year upswing to $440,000. Continue Reading New York State Home Sales Up 2.5%
Survey: Most Americans Are Unwilling or Uncertain About Moving
70% said they were very satisfied with their property appraisal and 23% reported being somewhat satisfied. Continue Reading Survey: Most Americans Are Unwilling or Uncertain About Moving
Redfin: Newly Built Apartments Are Filling at Slowest Pace in 4 Years
There were 90,260 new apartments completed in the fourth quarter, the second highest number in records dating back to 2012. Continue Reading Redfin: Newly Built Apartments Are Filling at Slowest Pace in 4 Years
Thompson Thrift to Develop Atlanta-Area Multifamily Community
The Levi will encompass roughly 15 acres within the 158-acre master-planned community of Bridges at Jodeco. Continue Reading Thompson Thrift to Develop Atlanta-Area Multifamily Community
Hits and Misses for the Real Estate Week of June 24-28
This week’s Hits and Misses include the presidential debate, a growing disenchantment with homeownership and an effort to repopulate rural Italy. Continue Reading Hits and Misses for the Real Estate Week of June 24-28
Bank of America Economist: Housing Market is ‘Stuck’ Until at Least 2026
“This will take many years to work itself out – there isn’t a magic fix,” said Michael Gapen. Continue Reading Bank of America Economist: Housing Market is ‘Stuck’ Until at Least 2026
Toll Brothers Opens Dallas Multifamily Community
The community was constructed to meet LEED Gold certification standards. Continue Reading Toll Brothers Opens Dallas Multifamily Community
Biden-Trump Debate Barely Acknowledges Housing Issues
“We’re going to make sure we build 2 million new units,” said Biden. Continue Reading Biden-Trump Debate Barely Acknowledges Housing Issues
A Typical Black Household Can Only Afford Starter Homes in 10 Major Metros
The typical Detroit starter home costs just $66,000 and comes with a median monthly payment of $579. Continue Reading A Typical Black Household Can Only Afford Starter Homes in 10 Major Metros
Pending Home Sales Down in May
“The market is at an interesting point with rising inventory and lower demand,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Down in May
Mortgage Rates Moves Further from the 7% Mark
The 30-year fixed-rate mortgage averaged 6.86% as of June 27. Continue Reading Mortgage Rates Moves Further from the 7% Mark
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