U.S. Housing Market
Percentage of First-Time Homebuyers Falls to All-Time Low
35% of Gen Z buyers were single females, the highest share among all generations. Continue Reading Percentage of First-Time Homebuyers Falls to All-Time Low
Refinancing Surge Drives Up Mortgage Application Activity
The Refinance Index increased 5% and was 15% higher than the same week one year ago. Continue Reading Refinancing Surge Drives Up Mortgage Application Activity
New Data Reports Find Continuation of Mild Home Price Acceleration
Once again, FHFA Director Bill Pulte did not comment on the continued home price acceleration. Continue Reading New Data Reports Find Continuation of Mild Home Price Acceleration
Report: Nearly 44% of Homes Carry HOA Fees
Roughly one-third (33.4%) of single-family homes now carry HOA fees. Continue Reading Report: Nearly 44% of Homes Carry HOA Fees
Lennar Unveils New 55+ Community in Central Oregon
Pricing on the new residences start in the low $400,000s. Continue Reading Lennar Unveils New 55+ Community in Central Oregon
The World’s Wealthiest City Is…
When it comes to cities with a surplus number of millionaire residents, the U.S. is the global leader in the 2024 World’s Wealthiest Cities Report published by international wealth migration specialists Henley & Partners in collaboration with the global data...
Market Snapshot: Today’s Rental Housing Market
Rents have outpaced wages in 44 of the 50 largest metros since 2019, according to data from Zillow Group. Continue Reading Market Snapshot: Today’s Rental Housing Market
Lower-Income Borrowers Account for One in Five New Mortgages
Redfin noted today’s median-home sale price is about $420,000, up 5% year-over-year. Continue Reading Lower-Income Borrowers Account for One in Five New Mortgages
Reverse Mortgage Pitchman Tom Selleck Fears Losing Ranch with Series’ End
“Am I set for life? Yeah, but maybe not on a 63-acre ranch,” Selleck said. Continue Reading Reverse Mortgage Pitchman Tom Selleck Fears Losing Ranch with Series’ End
U.S. Real Estate Fencing Market Forecast to Reach $14.1 Billion by 2032
The new report cited concerns over crime as fueling the fencing market. Continue Reading U.S. Real Estate Fencing Market Forecast to Reach $14.1 Billion by 2032
Capitol Hill Lawmakers Create Bipartisan Congressional Real Estate Caucus
The caucus is backed by several prominent housing trade organizations. Continue Reading Capitol Hill Lawmakers Create Bipartisan Congressional Real Estate Caucus
Survey: Nearly Half of Buyers Stopped Looking for Homes Due to Inflation
Two-thirds of respondents admitted they would seriously consider a home purchase after 30-year mortgage rates fall below 5%. Continue Reading Survey: Nearly Half of Buyers Stopped Looking for Homes Due to Inflation
FHLBank Chicago Now Accepting Affordable Housing Program Grant Applications
Applications for this year’s AHP General Fund grants will be accepted through June 14 at 5:00 p.m. CDT. Continue Reading FHLBank Chicago Now Accepting Affordable Housing Program Grant Applications
Hits and Misses for the Real Estate Week of April 29-May 3
This week’s Hits and Misses include a landlord facing multiple indictments, a pair of new lawsuits and a boffo sale of a game show host’s estate. Continue Reading Hits and Misses for the Real Estate Week of April 29-May 3
Study: Fewer White Buyers Taking Out Mortgages
Slightly less than two-thirds (62.2%) of new mortgages issued in 2023 went to White homebuyers. Continue Reading Study: Fewer White Buyers Taking Out Mortgages
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