U.S. Housing Market
New Jersey Lawmaker Seeks Statewide Property Title Fraud Alerts
“Our biggest investment, for most of us in life, is our home,” said State Sen. Robert Singer. Continue Reading New Jersey Lawmaker Seeks Statewide Property Title Fraud Alerts
Preservation of Affordable Housing to Start First Development in Maine
The Maine State Housing Authority is providing 4% Low Income Housing Tax Credits, along with low-cost construction and permanent loans. Continue Reading Preservation of Affordable Housing to Start First Development in Maine
Mortgage Rates at 10-Month Low
“Purchase application activity is improving as borrowers take advantage of the decline in mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates at 10-Month Low
Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year
Most of the international buyers of Texas houses came from Mexico (30%), followed by Canada and China (each at 8%), India (7%), and Nigeria (6%). T Continue Reading Foreign Purchases of Texas Residential Properties Up 9% Year-Over-Year
Q2 Mortgage Delinquency Rate Down Slightly
The delinquency rate was down 11 basis points from the first quarter and down 4 basis points from the second quarter of 2024. Continue Reading Q2 Mortgage Delinquency Rate Down Slightly
Institutional Property Advisors Brokers $171 Million California Multifamily Portfolio Sale
“The properties represent 11% of the total market-rate housing stock in Thousand Oaks,” said Kevin Green, IPA executive managing director investments. Continue Reading Institutional Property Advisors Brokers $171 Million California Multifamily Portfolio Sale
Builder Confidence Rises for First Time in Four Months
NAHB Chairman Alicia Huey said, “Boosting new home production is the best way to ease the affordability crisis, expand housing inventory and lower inflation.” Continue Reading Builder Confidence Rises for First Time in Four Months
Study: Self Storage Industry Being Impacted by Housing Market’s Headwinds
The report found the asking rates for same-store climate-controlled units fell in all major metros. Continue Reading Study: Self Storage Industry Being Impacted by Housing Market’s Headwinds
Hits and Misses for the Real Estate Week of Dec. 11-15
This week’s Hits and Misses include the Fed’s mixed messaging, Dolly Parton’s embrace of commercial real estate and startling new data on homelessness. Continue Reading Hits and Misses for the Real Estate Week of Dec. 11-15
Rod Stewart Hikes Price on Beverly Hills Mansion to $80 Million
Some of Stewart’s neighbors include Denzel Washington, Justin Bieber and Barry Bonds. Continue Reading Rod Stewart Hikes Price on Beverly Hills Mansion to $80 Million
Construction Starts on New Affordable Housing Community in San Antonio
The first Nova Loft units will be ready for leasing January 2025 and the entire development is slated for completion by April 2025. Continue Reading Construction Starts on New Affordable Housing Community in San Antonio
Los Angeles Affordable Housing Community to Be Built on Former Industrial Site
A new six-story mixed-use apartment complex is now under construction. Continue Reading Los Angeles Affordable Housing Community to Be Built on Former Industrial Site
Median Rents in Manhattan Drop for the First Time in More Than Two Years
Manhattan’s median rents hit a record high of $4,400 in August. Continue Reading Median Rents in Manhattan Drop for the First Time in More Than Two Years
Mortgage Rates Drop Below the 7% Mark
The 30-year fixed-rate mortgage averaged 6.95% as of Dec. 14. Continue Reading Mortgage Rates Drop Below the 7% Mark
Q3 Home Flipping Down, But Profits Are Up
The typical profit margin in the third quarter was 29.8%. Continue Reading Q3 Home Flipping Down, But Profits Are Up
