U.S. Housing Market
Mortgage Delinquencies Decline While Prepayment Activity Nears a 4-Year High
The foreclosure inventory rose to 273,000 in March, up from 213,000 a year ago, marking the largest such volume since February 2020. Continue Reading Mortgage Delinquencies Decline While Prepayment Activity Nears a 4-Year High
Initiative to Create Ballot Measure on Eliminating Ohio Property Taxes is Falling Short of Goals
The Committee to Abolish Property Tax in Ohio needs to secure more than 413,000 signatures from at least half of Ohio’s 88 counties by July 1. Continue Reading Initiative to Create Ballot Measure on Eliminating Ohio Property Taxes is Falling Short of Goals
New Bill Would Allow Homebuyers to Put Unused College Savings Toward a Down Payment
The bill has been referred to the House Committee on Ways and Means for consideration. Continue Reading New Bill Would Allow Homebuyers to Put Unused College Savings Toward a Down Payment
New Jersey’s $10,570 Average Property Tax Bill Hits Record High
Only 21 New Jersey towns recorded no change or a decrease in their property tax bills. Continue Reading New Jersey’s $10,570 Average Property Tax Bill Hits Record High
Homeowner Affordability Improves Slightly in California
More California households (28%) could afford a typical condo/townhome in the fourth quarter, rising from 27% in the prior quarter and from 25% one year before. Continue Reading Homeowner Affordability Improves Slightly in California
Mansion Tax Proposal Coming Back to Connecticut
Gov. Ned Lamont has not commented on the proposal. Continue Reading Mansion Tax Proposal Coming Back to Connecticut
Mortgage Application Activity Slumps Again
The FHA share of total applications remained unchanged at 13.1%. Continue Reading Mortgage Application Activity Slumps Again
Study: Detroit Cited as Most Overvalued Housing Market
Eight of the 20 most overvalued housing markets are in Florida. Continue Reading Study: Detroit Cited as Most Overvalued Housing Market
Grant Cardone Lists $42 Million Florida Mansion on Propy Blockchain Platform
“We are all in on blockchain revolutionizing real estate,” said Cardone. Continue Reading Grant Cardone Lists $42 Million Florida Mansion on Propy Blockchain Platform
CoreLogic: Home Price Gains Just Under 5% in May
Looking ahead, CoreLogic is forecasting annual home price gains relaxing to 3% in May 2025. Continue Reading CoreLogic: Home Price Gains Just Under 5% in May
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
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