U.S. Housing Market
Mortgage Rates Decline for Second Straight Week
“Mortgage rates declined this week to a four-week low of 6.30%,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Decline for Second Straight Week
Q1 Foreclosure Filings Up 26% From Last Year
One in every 1,211 housing units had a foreclosure filing during the first quarter. Continue Reading Q1 Foreclosure Filings Up 26% From Last Year
Arrive Home Launches Down Payment Assistance Program for Manufactured Home Purchasing
New Foundations DPA provides 3.5% down payment assistance on the purchase price of a single- or double-wide manufactured home on a permanent foundation. Continue Reading Arrive Home Launches Down Payment Assistance Program for Manufactured Home Purchasing
MegPrime and Megatel Homes Debut Digital Rewards Program for Buyers and Brokers
All rewards are issued in MegPrime tokens and may be converted to US dollars through the MegPrime app. Continue Reading MegPrime and Megatel Homes Debut Digital Rewards Program for Buyers and Brokers
New Study Names Salt Lake City as the Most Neighborly US City
Redfin diplomatically refrained from pointing fingers at the least neighborly city. Continue Reading New Study Names Salt Lake City as the Most Neighborly US City
Real Estate Investors Snagged 19% of Q1 Home Sales
The typical home bought by investors in the first quarter cost $464,560. Continue Reading Real Estate Investors Snagged 19% of Q1 Home Sales
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
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