U.S. Housing Market
Illinois Home Sales Up 3.1%
The monthly median price of $315,000 was 6.8% more than $295,000 price recorded one year earlier. Continue Reading Illinois Home Sales Up 3.1%
Home Sales Profits Down During Q1
The first quarter’s home prices held steady from the previous quarter at $360,000 but were up 3% year-over-year from $350,000 in the first quarter of 2025. Continue Reading Home Sales Profits Down During Q1
Southern Impression Homes is Now Constructing 7 Build-to-Rent Properties Across Florida
“The creativity and flexibility we bring to the table is unmatched,” says Chris Funk, President and CEO of Southern Impression Homes. Continue Reading Southern Impression Homes is Now Constructing 7 Build-to-Rent Properties Across Florida
NYC Landlord Sued for Turning Rent-Stabilized Apartments into Short-Term Hotel Rooms
The city filed a lawsuit against Mark David Militana, who owns two brownstone buildings on Manhattan’s Upper West Side. Continue Reading NYC Landlord Sued for Turning Rent-Stabilized Apartments into Short-Term Hotel Rooms
Albuquerque House Featured in ‘Breaking Bad’ Relisted at Significant Discount
Once listed at $4 million, it is back for sale at $400,000. Continue Reading Albuquerque House Featured in ‘Breaking Bad’ Relisted at Significant Discount
Harvard Study: New Construction Barely Addresses Housing Affordability Challenges
The report cited new record highs for home prices during early 2024. Continue Reading Harvard Study: New Construction Barely Addresses Housing Affordability Challenges
Wisconsin Home Sales Up by 11%
Also on the rise was the median price – $315,500 in May, up 6.9% from $295,000 one year earlier. Continue Reading Wisconsin Home Sales Up by 11%
Knock.com in New Partnership with NFM Lending
The Knock Bridge Loan can be used to make a down payment on a new home, pay down debt, cover repairs and moving costs. Continue Reading Knock.com in New Partnership with NFM Lending
Mortgage Rates Down for Third Straight Week
The 30-year fixed-rate mortgage averaged 6.87% as of June 20. Continue Reading Mortgage Rates Down for Third Straight Week
Pennsylvania’s Median Home Sales Price at $295K
The number of listings on the market totaled 37,463 in May, up about 5% from the previous month. Continue Reading Pennsylvania’s Median Home Sales Price at $295K
Zillow: Americans Need to Put More Than $127K Down for Typical House
“Down payments have always been important, but even more so today,” said Skylar Olsen, chief economist at Zillow. Continue Reading Zillow: Americans Need to Put More Than $127K Down for Typical House
Mortgage Application Activity on the Rise
“Purchase volume is still more than 10% behind last year’s pace,” said Mike Fratantoni, MBA’s senior vice president and chief economist. Continue Reading Mortgage Application Activity on the Rise
Home Flipping Activity Enjoys Q1 Upswing
Roughly two-thirds of homes flipped in the first quarter were purchased by investors with cash. Continue Reading Home Flipping Activity Enjoys Q1 Upswing
Housing Starts Slumped in May
Single‐family authorizations in May were down 2.9% from the revised April figure of 977,000. Continue Reading Housing Starts Slumped in May
Builder Confidence Drops to 6-Month Low
“Persistently high mortgage rates are keeping many prospective buyers on the sidelines,” said NAHB Chairman Carl Harris. Continue Reading Builder Confidence Drops to 6-Month Low
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