U.S. Housing Market
Ginnie Mae Issued $46.1 Billion in Mortgage-Backed Securities During March
The pooling and securitization of loans for more than 128,000 American households, including over 49,000 first-time homebuyers. Continue Reading Ginnie Mae Issued $46.1 Billion in Mortgage-Backed Securities During March
Builder Confidence at 7-Month Low
“Builder sentiment has fallen back in spring as buyers face ongoing elevated interest rates and growing economic uncertainty,” said NAHB Chairman Bill Owens Continue Reading Builder Confidence at 7-Month Low
Survey Finds 70% of Renters Forced to Move Due to Increased Housing Costs
The survey also found 75% of respondents stating the rising cost of housing played a role in accumulating the debt that led them to seek help. Continue Reading Survey Finds 70% of Renters Forced to Move Due to Increased Housing Costs
Half of US Households Experienced Home Insurance Rate Increases
Among the states, Florida carries the highest home insurance average at $7,136. Continue Reading Half of US Households Experienced Home Insurance Rate Increases
Ground Broken on New Orleans Development Featuring 294 Affordable Housing Units
Construction will begin immediately, with substantial completion anticipated in September 2027. Continue Reading Ground Broken on New Orleans Development Featuring 294 Affordable Housing Units
ATTOM: Fewer Residences Were Equity Rich During Q1
The portion of mortgaged homes that were seriously underwater inched up to 2.7%. Continue Reading ATTOM: Fewer Residences Were Equity Rich During Q1
Median Monthly Housing Costs at New Record High
Redfin reported the median sale price reached $384,721, up 4.5% for a new record high. Continue Reading Median Monthly Housing Costs at New Record High
Report: Bay Area Affordable Housing Development Falling Short of Target
“The need for affordable housing transcends jurisdictional boundaries,” said BAHFA Director Kate Hartley. Continue Reading Report: Bay Area Affordable Housing Development Falling Short of Target
Massachusetts Governor Proposes ‘Mansion Tax’ to Fund Affordable Housing Projects
The average Massachusetts home value is $612,509, up 8.7% over the past year. Continue Reading Massachusetts Governor Proposes ‘Mansion Tax’ to Fund Affordable Housing Projects
Las Vegas Home Sales Take a Sharp Upswing
Las Vegas Realtors dubbed 2023 as the slowest year for existing home sales since 2008 Continue Reading Las Vegas Home Sales Take a Sharp Upswing
Patriots Owner Robert Kraft Sells Apartment at NYC’s Plaza Hotel for $22.5 Million
Kraft bought the residence in 2007 for $14.47 million. Continue Reading Patriots Owner Robert Kraft Sells Apartment at NYC’s Plaza Hotel for $22.5 Million
Mortgage Application Activity Up 2.6%
The FHA share of total applications increased to 12.9% from 12.7% the week prior. Continue Reading Mortgage Application Activity Up 2.6%
Travelers to Raise California Homeowner Insurance Rates by 15%
On average, California homeowners pay $1,452 a year for home insurance coverage. Continue Reading Travelers to Raise California Homeowner Insurance Rates by 15%
More Than 90% of Metros Scored Q1 Home Price Gains
30% of the tracked metros experienced double-digit price gains. Continue Reading More Than 90% of Metros Scored Q1 Home Price Gains
NAR Chief Economist Predicts Falling Rates, More Existing Home Sales
Lawrence Yun acknowledged annual existing home sales in 2023 experienced their worst year since 1995. Continue Reading NAR Chief Economist Predicts Falling Rates, More Existing Home Sales
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