U.S. Housing Market
New Report Finds Nearly Half of Renters Expect to Buy a Home Within 4 Years
Experian’s report also showed roughly 60% of today’s renters have near-prime or better scores. Continue Reading New Report Finds Nearly Half of Renters Expect to Buy a Home Within 4 Years
Builder Confidence Remains Flat
41% of builders were cutting prices in November, a record high in the post-Covid period and the first time this measure has passed 40%. Continue Reading Builder Confidence Remains Flat
ECI Group Breaks Ground on Savannah-Area Mixed-Use Development
The development will feature more than 3.5 acres of retail pad sites, which are available for ground lease. Continue Reading ECI Group Breaks Ground on Savannah-Area Mixed-Use Development
New Initiative Seeks to Add Property Tax Reform Measures to Nebraska Ballot
This is the second ongoing effort to put property tax reform on the Nebraska ballot. Continue Reading New Initiative Seeks to Add Property Tax Reform Measures to Nebraska Ballot
New Home Sales Down 0.6% in July
The median sales price of new houses sold in July was $403,800, a 0.8% dip from June’s price of $407,200 and 5.9% below the July 2024 price of $429,000. Continue Reading New Home Sales Down 0.6% in July
S&P Case-Shiller: Home Prices Up, But Deceleration is Taking Root
Detroit accelerated with an 8.2% year-over-year gain. Continue Reading S&P Case-Shiller: Home Prices Up, But Deceleration is Taking Root
Construction Begins on $76 Million Apartment Development in Georgia
The new development covers 22 acres and will encompass 300 units spread across eight three-story buildings. Continue Reading Construction Begins on $76 Million Apartment Development in Georgia
Sena Kwawu Joins Leadership Team at Cinch Home Services
Before joining the company, Kwawu was senior vice president of operations at Frontdoor Inc. Continue Reading Sena Kwawu Joins Leadership Team at Cinch Home Services
A Phil Hall Op-Ed: Score One for the Gas Stoves
New federal energy-efficiency standards gave a thumbs up to 97% of the gas stoves now on the market. Continue Reading A Phil Hall Op-Ed: Score One for the Gas Stoves
Angel Oak Mortgage Solutions Rolls Out HELOC Product
The new product allows self-employed homeowners to tap into their home equity while retaining their first mortgage. Continue Reading Angel Oak Mortgage Solutions Rolls Out HELOC Product
Hits and Misses for the Real Estate Week of Jan. 22-26
This week’s Hits and Misses considers a new real estate trade group, increased attention on Native American housing and the collapse of a historic church. Continue Reading Hits and Misses for the Real Estate Week of Jan. 22-26
Pending Home Sales Up by 8.3%
NAR also released its Economic Outlook as of January 2024, projecting a 13% year-over-year increase in existing home sales for 2024 to 4.62 million. Continue Reading Pending Home Sales Up by 8.3%
Mortgage Rates and Purchase Loan Applications Inch Up
“We anticipate a busier spring homebuying season than 2023,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates and Purchase Loan Applications Inch Up
Single-Family Home Sales, Buyer Affordability Ticked Up in December
The national median mortgage payment was $2,055 in December. Continue Reading Single-Family Home Sales, Buyer Affordability Ticked Up in December
Sellers Reaped Smaller Profits and ROI for 2023 Home Sales
The median home price increased 2.1% from 2022, reaching an all-time annual high of $335,000. Continue Reading Sellers Reaped Smaller Profits and ROI for 2023 Home Sales
