U.S. Housing Market
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
Virginia Home Sales Jumped by 3.1% in October
The statewide median sales price was $430,000, a $15,000 or 3.6% increase from October 2024. Continue Reading Virginia Home Sales Jumped by 3.1% in October
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
Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
The legislation creates $50 million per year in grants for communities that adopt policies removing barriers to affordable housing on property owned by faith-based organizations or colleges. Continue Reading Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
Report: Bill Pulte’s Father and Stepmother Claimed Primary Residence on 2 Different Homes
Tax officials in Bloomfield Township, Michigan, said the Pultes’ exemption was being immediately revoked. Continue Reading Report: Bill Pulte’s Father and Stepmother Claimed Primary Residence on 2 Different Homes
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
What’s Driving Today’s Homebuyers: Price or Location?
56% of survey respondents cited price as being more important than location, which was cited by 50%. Continue Reading What’s Driving Today’s Homebuyers: Price or Location?
Zillow to Provide Multifamily Rental Listings on Realtor.com
Zillow will begin syndicating multifamily rental listings to Realtor.com later this spring. Continue Reading Zillow to Provide Multifamily Rental Listings on Realtor.com
Mortgage Applications Up 9.7%
The Refinance Index increased 8% from the previous week and was 2% lower than the same week one year ago. Continue Reading Mortgage Applications Up 9.7%
Realtor.com: More Affordable Homes Available in February
Affordable homeownership opportunities in February were more abundant compared to one year earlier, according to Realtor.com's housing report for February. Last month, homes in the $200,000 to $350,000 price range grew by 20.6% compared to February 2023, outpacing all...
Redfin: Black Millennials Half as Likely to Own Homes as Whites
Redfin stated that only 7% of homes for sale in 2023 were affordable for the typical Black household. Continue Reading Redfin: Black Millennials Half as Likely to Own Homes as Whites
A Phil Hall Op-Ed: Is Climate Change to Blame for Florida’s Expensive Property Insurance?
“Florida had only 8% of U.S. property claims and 80% of the property litigation in the U.S.,” said Jeff Brandes, a former state senator. Continue Reading A Phil Hall Op-Ed: Is Climate Change to Blame for Florida’s Expensive Property Insurance?
Johnny Carson’s One-Time New York Home Listed for $5.3 Million
Carson bought the home in 1959 when he was hosting the game show “Who Do You Trust?
” Continue Reading Johnny Carson’s One-Time New York Home Listed for $5.3 Million
Hits and Misses for the Real Estate Week of Feb. 25-March 1
This week’s Hits and Misses includes Macy’s store closings, the CFPB’s opaqueness and living in a Mercedes-Benz (but not a car). Continue Reading Hits and Misses for the Real Estate Week of Feb. 25-March 1
1830 Farmhouse Being Offered for Free, But There is a Catch
The residence includes four bedrooms, two bathrooms, two chimneys and five fireplaces. Continue Reading 1830 Farmhouse Being Offered for Free, But There is a Catch
