U.S. Housing Market
New York State Housing Inventory at Record Low
The statewide median sales price last month was $425,000, unchanged from February 2025. Continue Reading New York State Housing Inventory at Record Low
Mid-Atlantic Home Sales Down Amid Decline in New Listings
“The outlook for the spring homebuying season in the Mid-Atlantic has become cloudier,” said Bright MLS Chief Economist Lisa Sturtevant. Continue Reading Mid-Atlantic Home Sales Down Amid Decline in New Listings
Newsom Follows Trump in Calling for Ban of Institutional Investors in Single-Family Housing Market
The announcement was framed by having Newsom as a change agent for affordability. Continue Reading Newsom Follows Trump in Calling for Ban of Institutional Investors in Single-Family Housing Market
Home Affordability in Q4 Remained Mostly Elusive
ATTOM added the median sales price of a home has risen 54% over the past five years while typical wages only increased by 29%. Continue Reading Home Affordability in Q4 Remained Mostly Elusive
Mortgage Credit Availability Declined in December
“The December decrease reversed gains from the prior two months,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Declined in December
Builder Confidence Down for First Time in Six Months
Elevated mortgage rates fueled the pessimism among builders. Continue Reading Builder Confidence Down for First Time in Six Months
Foreclosure Activity Down in April
Lenders started the foreclosure process on 21,753 properties last month. Continue Reading Foreclosure Activity Down in April
Mortgage Application Activity Inches Up Slightly
Mortgage applications for new home purchases in April increased 22.1% from one year earlier. Continue Reading Mortgage Application Activity Inches Up Slightly
Grant Cardone on Biden’s Homebuyer Tax Credit Plan: ‘Is Joe Dumb?’
Cardone cited homebuyer costs to dilute the impact of the Biden plan. Continue Reading Grant Cardone on Biden’s Homebuyer Tax Credit Plan: ‘Is Joe Dumb?’
Vision Mortgage Group Debuts Loan Program for First-Time Buyers
The program features a 1% down payment and 2% grant down payment assistance. Continue Reading Vision Mortgage Group Debuts Loan Program for First-Time Buyers
Compass Adds Tennessee Brokerage Parks Real Estate
Parks Real Estate employs over 1,500 agents and generated $6.25 billion in 2023 transaction. Continue Reading Compass Adds Tennessee Brokerage Parks Real Estate
Maryland Records First Year-Over-Year Spike in Monthly Home Sales in Nearly 3 Years
The average sales price last month rose 7.5% to $500,968 while the median sales price grew 5.1% to $415,000. Continue Reading Maryland Records First Year-Over-Year Spike in Monthly Home Sales in Nearly 3 Years
Rocket Mortgage Settles HUD Charges of Discrimination Against Native Americans
The settlement includes $65,000 compensation to the complainants. Continue Reading Rocket Mortgage Settles HUD Charges of Discrimination Against Native Americans
NY Fed: Americans Expect Home Prices to Keep Rising
The median inflation rate is expected to be 3.3% one year from now, up from 3% in last month’s report. Continue Reading NY Fed: Americans Expect Home Prices to Keep Rising
Mortgage Originations for Vacation Homes Down 40% in 2023
86% of second-home mortgages were issued last year to high-income buyers. Continue Reading Mortgage Originations for Vacation Homes Down 40% in 2023
