U.S. Housing Market
February New Home Purchase Mortgage Applications Up by 0.9%
Conventional loans composed 49.4 % of loan applications and FHA loans composed 35.3%. Continue Reading February New Home Purchase Mortgage Applications Up by 0.9%
Hoover’s Hatchery Unveils State-of-the-Art Chicken Coop for Your Fine-Feathered Tenants
The US backyard poultry market is now at approximately 11 million households, roughly 13% of the population. Continue Reading Hoover’s Hatchery Unveils State-of-the-Art Chicken Coop for Your Fine-Feathered Tenants
reAlpha Mortgage Launches Loan Officer Recruitment Program
“This program was built around what experienced originators consistently ask for: clarity, support, and fewer operational obstacles,” said CEO Jamie Cavanaugh. Continue Reading reAlpha Mortgage Launches Loan Officer Recruitment Program
Kansas Home Sales Declined During November
The median sale price in November was $277,000, up by 4.5% from the $265,000 price recorded in the prior year. Continue Reading Kansas Home Sales Declined During November
Iowa Home Sellers Will Need to Disclose Presence of Lead Water Lines
Chris Delfs, board president of the Northwest Iowa Board of Realtors, welcomed the new state law. Continue Reading Iowa Home Sellers Will Need to Disclose Presence of Lead Water Lines
Kennedy Wilson and Haseko Buy Two Washington Multifamily Communities for $90 Million
The communities are located off Interstate 205 and within 10 minutes of Portland, Oregon. Continue Reading Kennedy Wilson and Haseko Buy Two Washington Multifamily Communities for $90 Million
Connecticut Home Built in 1738 Listed for $1.95 Million
The new listing is the third time in five years that the home is being sold. Continue Reading Connecticut Home Built in 1738 Listed for $1.95 Million
Hits and Misses for the Real Estate Week of April 22-26
This week’s Hits and Misses includes a new stadium in Chicago, a new player in Sun Belt rental housing and cleaning up moldy residences in London. Continue Reading Hits and Misses for the Real Estate Week of April 22-26
Production Losses Widen for Independent Mortgage Banks
The refinancing share of total originations (by dollar volume) decreased to 11% in 2023 from 20% in 2022. Continue Reading Production Losses Widen for Independent Mortgage Banks
Mortgage Rates Continue to Rise
The 30-year fixed-rate mortgage averaged 7.17% as of April 25. Continue Reading Mortgage Rates Continue to Rise
Alabama Home Sales Up for Second Consecutive Month
The median home price of $202,833 was down by 1.3% from the previous year. Continue Reading Alabama Home Sales Up for Second Consecutive Month
New $500 Million Fund Focuses on Sun Belt Rental Housing
The first project involved a $180 million project now under construction in Phoenix. Continue Reading New $500 Million Fund Focuses on Sun Belt Rental Housing
Profit Margins Down for Q1 Home Sales
This is down from 57.1% in the previous quarter and from 56.5% one year earlier. Continue Reading Profit Margins Down for Q1 Home Sales
Redfin: Median Home Sale Price at New Record High
Redfin noted the new record price comes at a time when new listings are up 10.2% year-over-year. Continue Reading Redfin: Median Home Sale Price at New Record High
Pending Home Sales Up in March
Pending home sales in March were up by 3.4% from February and up by 0.1% from one year earlier, according to new data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index (PHSI) increased to 78.2 in March; an index of 100 is...
