U.S. Housing Market
Single-Family Housing Starts Up in December
An estimated 1.35 million housing units were started in 2025, which was 0.6% below the 2024 figure of 1.36 million. A Continue Reading Single-Family Housing Starts Up in December
NYC Mayor Mamdani Threatens 9.5% Property Tax Hike if State Rejects His Call for a New Wealth Tax
The proposed property tax would be the city’s first hike since the late 2000s. Continue Reading NYC Mayor Mamdani Threatens 9.5% Property Tax Hike if State Rejects His Call for a New Wealth Tax
Report: Average Buyer’s Agent Commission Up Slightly Since New NAR Rules
The average buyer’s agent commission during the third quarter was 2.42%, up from 2.36% one year earlier, while commissions were virtually flat compared to the previous quarter. According to a new data report from Redfin, commissions are at roughly the same level they...
New York State Raises Property Tax Exemption for Seniors to 65%
Legislation S5175A/A3698A replaces the previous 50% maximum percentage of exemption local governments have been able to offer income-eligible seniors. Continue Reading New York State Raises Property Tax Exemption for Seniors to 65%
Report: Refinance Retention at 3.5-Year High
Non-banks retained refinancing borrowers at roughly three times the rate of banks (35% versus 13%). Continue Reading Report: Refinance Retention at 3.5-Year High
UWM Debuts 0% Down Purchase Program
UWM’s Mat Ishbia said the program “is going to change the game this purchase season.” Continue Reading UWM Debuts 0% Down Purchase Program
Lennar Unveils Townhome Community in Florida’s Pembroke Park
Pricing for the new community starts in the low $500,000s. Continue Reading Lennar Unveils Townhome Community in Florida’s Pembroke Park
Mortgage Rates Down Slightly, Though Still Elevated
The 30-year fixed-rate mortgage averaged 7.02%, down from last week when it averaged 7.09%. Continue Reading Mortgage Rates Down Slightly, Though Still Elevated
RE/MAX: Spike in New Listings Drive Up April Home Sales
The median sale price increased 2.9% over March to $437,000, which is the highest price in over two years. Continue Reading RE/MAX: Spike in New Listings Drive Up April Home Sales
Single-Family Housing Starts Down Slightly in April
Single‐family housing completions were 15.4% above the revised March rate. Continue Reading Single-Family Housing Starts Down Slightly in April
Connecticut Childhood Home of William F. Buckley Jr. Listed for First Time in a Century
The residence dates to 1812 and was acquired by lawyer and oil speculator William F. Buckley Sr. in 1923. Continue Reading Connecticut Childhood Home of William F. Buckley Jr. Listed for First Time in a Century
Real Estate Investors Snagged 19% of Q1 Home Sales
The typical home bought by investors in the first quarter cost $464,560. Continue Reading Real Estate Investors Snagged 19% of Q1 Home Sales
Builder Confidence Down for First Time in Six Months
Elevated mortgage rates fueled the pessimism among builders. Continue Reading Builder Confidence Down for First Time in Six Months
Foreclosure Activity Down in April
Lenders started the foreclosure process on 21,753 properties last month. Continue Reading Foreclosure Activity Down in April
Mortgage Application Activity Inches Up Slightly
Mortgage applications for new home purchases in April increased 22.1% from one year earlier. Continue Reading Mortgage Application Activity Inches Up Slightly
