U.S. Housing Market
New Data Reports Highlight Continued Home Price Acceleration
Chicago, New York and Cleveland experienced the highest gains with year-over-year price increases of 6.9%, 4.8% and 4.1%, respectively. Continue Reading New Data Reports Highlight Continued Home Price Acceleration
California Gov. Newsom Lists Sacramento-Area Mansion for $7.5 Million
The property was acquired for $3.7 million in 2018. Continue Reading California Gov. Newsom Lists Sacramento-Area Mansion for $7.5 Million
Mortgage Application Activity Holds Steady
The refinance share of mortgage activity increased to 41.9% of total applications from 40.7% in the previous week. Continue Reading Mortgage Application Activity Holds Steady
Century Communities Begins Sales at New Arizona Community
Pricing on the residences begins in the mid-$300,000s. Continue Reading Century Communities Begins Sales at New Arizona Community
California Home Sales Hit the Summer Doldrums
California’s statewide median home price softened again in July, falling below the $900,000 benchmark for the first time in four months. Continue Reading California Home Sales Hit the Summer Doldrums
New Partnership Seeks to Deliver 4,000 Affordable Housing Units Across Los Angeles
The first project will be the conversion of the former LA World Trade Center, which will be re-branded as “Sky Castle.” Continue Reading New Partnership Seeks to Deliver 4,000 Affordable Housing Units Across Los Angeles
New Report Finds National Average for Mortgage Closing Costs Down by 3%
The greatest single-market shift during this period occurred in the District of Columbia, where closing costs dropped 21.1%. Continue Reading New Report Finds National Average for Mortgage Closing Costs Down by 3%
DeSantis, in Reversal, Declines to Campaign for Measure Ending Florida’s Property Taxes
“I think most people are going to be supportive of it, but I don’t know that,” he stated. Continue Reading DeSantis, in Reversal, Declines to Campaign for Measure Ending Florida’s Property Taxes
South Dakota Coalition Fails to Get Ballot Measure on Contentious Property Tax Law
“The cost-of-living crisis is hitting all South Dakotans,” said Ned Horsted, chairman of South Dakotans for Fair Taxes. Continue Reading South Dakota Coalition Fails to Get Ballot Measure on Contentious Property Tax Law
Report: 19% of House Hunters Looking to Relocate Elsewhere in the Country
Redfin attributed the rising percentage of homebuyers considering cross-country relocation on the search for more affordable. Continue Reading Report: 19% of House Hunters Looking to Relocate Elsewhere in the Country
336-Unit Multifamily Community Launches in Savannah
Construction is being led by Summit Contracting Group, with an anticipated completion in the second quarter of 2028 and stabilized occupancy targeted for the first quarter of 2029. Continue Reading 336-Unit Multifamily Community Launches in Savannah
VA Updates Appraisal Requirements
The VA also adjusted appraisal fees in select regions, adding it was seeking to “to stay competitive and maintain a qualified pool of experienced appraisers.” Continue Reading VA Updates Appraisal Requirements
Speaker Johnson: Housing Bill ‘Will Become Law’
President Trump abruptly cancelled a Capitol Hill signing ceremony for the bill last week. Continue Reading Speaker Johnson: Housing Bill ‘Will Become Law’
Hits and Misses for the Real Estate Week of June 22-26
A Trump about-face on the bipartisan housing bill, a lack of natural gas services in a Brooklyn housing project, and an unlikely real estate advisor for Perez Hilton. Continue Reading Hits and Misses for the Real Estate Week of June 22-26
Calendar Anomaly Boosts Mortgage Delinquency Rate by 15 Basis Points
“While the headline increase in delinquencies may draw attention, the underlying performance picture is stable as delinquencies remain below January 2020 levels,” said ICE’s Andy Walden. Continue Reading Calendar Anomaly Boosts Mortgage Delinquency Rate by 15 Basis Points
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