U.S. Housing Market
HUD Launches Investigation of Muslim-Only Community Proposed in Texas
Texas Governor Greg Abbott issued a statement supporting HUD’s investigation. Continue Reading HUD Launches Investigation of Muslim-Only Community Proposed in Texas
Vermont Credit Union Debuts Islamic Home Financing Program
NorthCountry Federal Credit Union serves 75,000 accountholders primarily throughout Vermont, New York and New Hampshire. Continue Reading Vermont Credit Union Debuts Islamic Home Financing Program
Data Analysis Warns of Havoc in DeSantis Plan to End Florida Property Taxes
As of October, Florida home values were down about 3% from the same month in 2022. Continue Reading Data Analysis Warns of Havoc in DeSantis Plan to End Florida Property Taxes
Hits and Misses for the Real Estate Week of Nov. 24-28
Thought leaders saying the right thing, revenge seekers doing the wrong thing, and a new movie and book worth pursuing. Continue Reading Hits and Misses for the Real Estate Week of Nov. 24-28
Santa Fe to Link Minimum Wage Increases to Housing Affordability
Santa Fe’s minimum wage will rise to $17.50 in 2027. Continue Reading Santa Fe to Link Minimum Wage Increases to Housing Affordability
Production Losses Widen for Independent Mortgage Banks
The refinancing share of total originations (by dollar volume) decreased to 11% in 2023 from 20% in 2022. Continue Reading Production Losses Widen for Independent Mortgage Banks
Mortgage Rates Continue to Rise
The 30-year fixed-rate mortgage averaged 7.17% as of April 25. Continue Reading Mortgage Rates Continue to Rise
Alabama Home Sales Up for Second Consecutive Month
The median home price of $202,833 was down by 1.3% from the previous year. Continue Reading Alabama Home Sales Up for Second Consecutive Month
New $500 Million Fund Focuses on Sun Belt Rental Housing
The first project involved a $180 million project now under construction in Phoenix. Continue Reading New $500 Million Fund Focuses on Sun Belt Rental Housing
Profit Margins Down for Q1 Home Sales
This is down from 57.1% in the previous quarter and from 56.5% one year earlier. Continue Reading Profit Margins Down for Q1 Home Sales
Redfin: Median Home Sale Price at New Record High
Redfin noted the new record price comes at a time when new listings are up 10.2% year-over-year. Continue Reading Redfin: Median Home Sale Price at New Record High
Pending Home Sales Up in March
Pending home sales in March were up by 3.4% from February and up by 0.1% from one year earlier, according to new data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index (PHSI) increased to 78.2 in March; an index of 100 is...
Frank Sinatra’s Former NYC Home Listed at $4.45 Million
The legendary entertainer owned the property from 1963 through 1969. Continue Reading Frank Sinatra’s Former NYC Home Listed at $4.45 Million
Q1 Texas Home Sales Were Flat Despite Spike in Active Listings
The first quarter statewide median price of $330,950 was 1.6% higher than in the same period during 2023. Continue Reading Q1 Texas Home Sales Were Flat Despite Spike in Active Listings
CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’
“Homeowners cannot just simply switch providers if their mortgage servicer charges them illegal junk fees,” said CFPB Director Rohit Chopra. Continue Reading CFPB Takes Aim at Mortgage Servicers Over ‘Junk Fees’
