U.S. Housing Market
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
HUD and FHFA Update Credit Scoring Models
Mortgage Bankers Association President and CEO Bob Broeksmit said this was “an important next step in modernizing the credit scoring framework.” Continue Reading HUD and FHFA Update Credit Scoring Models
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
Hits and Misses for the Real Estate Week of Feb. 2-6
A baseball team gets evicted from its stadium, a five-year-old lawsuit is settled, and a pizza chain loses 250 stores. Continue Reading Hits and Misses for the Real Estate Week of Feb. 2-6
Report: White House Considers Antitrust Investigation of Homebuilders
President Trump and Federal Housing Finance Agency Director Bill Pulte called out builders for not creating enough new housing. Continue Reading Report: White House Considers Antitrust Investigation of Homebuilders
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
CFPB Issues Bans to Reverse Mortgage Servicers
The CFPB issued permanent bans against Sutherland Global, Sutherland Government Solutions and NOVAD Management Consulting Continue Reading CFPB Issues Bans to Reverse Mortgage Servicers
California’s Median Home Price Sets New Record High
The statewide unsold inventory index 2.6 months in May, unchanged from April and up from 2.1 months in May 2023. Continue Reading California’s Median Home Price Sets New Record High
Maryland Home Sales Down 3.4% During May
“The housing stats for May read like a spring housing market in the midst of an inventory crisis,” said Chris Hill, 2024 president of Maryland Realtors. Continue Reading Maryland Home Sales Down 3.4% During May
Zillow: US Needs 4.5 Million Homes to Cover the Housing Shortage
During 2022, 1.4 million homes were built, but the number of U.S. families increased by 1.8 million that year. Continue Reading Zillow: US Needs 4.5 Million Homes to Cover the Housing Shortage
Redfin: Home Price Acceleration Has Cooled
On a year-over-year basis, home prices were up by 7.2%. Continue Reading Redfin: Home Price Acceleration Has Cooled
Mill Creek Residential Acquires 290-Unit Apartment Community in Austin
The 290-unit, three-story community was built in 1997. Continue Reading Mill Creek Residential Acquires 290-Unit Apartment Community in Austin
Sen. JD Vance: ’20 Million Illegal Aliens’ Preventing Affordable Homeownership
The Ohio Republican responded to anti-Trump comments by a financial journalist. Continue Reading Sen. JD Vance: ’20 Million Illegal Aliens’ Preventing Affordable Homeownership
Multifamily Developer Wood Partners Enters RI and NH Markets
Both properties are expected to deliver their first units in the Spring of 2025. Continue Reading Multifamily Developer Wood Partners Enters RI and NH Markets
Real Estate Investor Fights $180K Fine for Illegal Airbnb at Las Vegas Property
Xin Tao said the city was aware of the unauthorized Airbnb usage as early as October 2021. Continue Reading Real Estate Investor Fights $180K Fine for Illegal Airbnb at Las Vegas Property
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