U.S. Housing Market
Kentucky Home Sales Plummet in October
October’s median sales price of $270,000 held steady from the previous month and was up 1.9% from one year earlier. Continue Reading Kentucky Home Sales Plummet in October
JPMorgan Chase Allocates $40 Million for Affordable Housing Development
“We know that housing is at the root of local economic growth and homeownership is key to building generational wealth,” said JPMorgan Chase’s Tim Berry. Continue Reading JPMorgan Chase Allocates $40 Million for Affordable Housing Development
Las Vegas Housing Inventory Up 31% from Last Year
The typical Las Vegas home sold for $445,000 last month, down 1% from July 2024. Continue Reading Las Vegas Housing Inventory Up 31% from Last Year
Senate Democrats Urge FHFA’s Pulte to Focus on Lowering Housing Costs
“You could demonstrate an actual commitment to improving the everyday lives of the American people,” the senators said. Continue Reading Senate Democrats Urge FHFA’s Pulte to Focus on Lowering Housing Costs
Mortgage Originations Up 19% During Q2
A total of 689,217 refinance loans were issued in the second quarter, up 16.4% from the prior quarter. Continue Reading Mortgage Originations Up 19% During Q2
Investors Bought 26% of Affordable Homes During Q4 2023
Single-family homes represented 68.6% of investor purchases in the fourth quarter. Continue Reading Investors Bought 26% of Affordable Homes During Q4 2023
Guild Mortgage Acquires Academy Mortgage Corp.
This transaction is Guild’s sixth acquisition since 2021. Continue Reading Guild Mortgage Acquires Academy Mortgage Corp.
Mortgage Application Activity Down 2.3%
The Refinance Index decreased 2% from the previous week and was 12% higher than the same week one year ago. Continue Reading Mortgage Application Activity Down 2.3%
Foreclosure Activity is On the Rise
Monthly increases in foreclosure completions were recorded in 19 states. Continue Reading Foreclosure Activity is On the Rise
Homeowners Staying Longer in Their Houses
The typical U.S. homeowner has spent 11.9 years in their home. Continue Reading Homeowners Staying Longer in Their Houses
Regent Properties Previews Plans for New California Community
Construction is set to start in 2025, and homes are expected to be move-in ready by 2026. Continue Reading Regent Properties Previews Plans for New California Community
Florida and Texas Lead the Nation for Master-Planned Community Sales
Florida MPCs accounted for 40% of new home sales in the top 50 list while developments in Texas followed closely with 34%. Continue Reading Florida and Texas Lead the Nation for Master-Planned Community Sales
Mattamy Homes Purchases 49 Acres for North Carolina Community
The Orlando-headquartered homebuilder Mattamy Homes announced the expansion of its presence in Harnett County, North Carolina, with the purchase of 49 acres that will become the site of the upcoming Cardinal Landing community. The new community will consist of 140...
A Phil Hall Op-Ed: Who’s Afraid of the Sitzer/Burnett Verdict?
Editor Phil Hall considers why some brokers feel the “impact of commission lawsuits” will challenge how they do business this year. Continue Reading A Phil Hall Op-Ed: Who’s Afraid of the Sitzer/Burnett Verdict?
New Study Finds Poor Air Quality Powers Outbound Migration
If there is a theme song for some of today’s outbound migration trends, it could be The Hollies’ “All I Need is the Air That I Breathe” – a new data report by Redfin (NASDAQ:RDFN) found that 1.2 million more people moved out of than into metros facing high risk from...
