U.S. Housing Market
Hits and Misses for the Real Estate Week of April 6-10
Home sellers aggressively cutting their listings prices, a stalemate for Kansas property tax relief, and a hurricane-damaged stadium reopens for the new baseball season. Continue Reading Hits and Misses for the Real Estate Week of April 6-10
First-Time Homebuyers Accounted for 21% of the Texas Housing Market
his is slightly above the all-time low of 20% recorded in 2024. Continue Reading First-Time Homebuyers Accounted for 21% of the Texas Housing Market
REMAX: December Home Sales Up 14.9%
“For buyers, easing rates and more options created opportunities that didn’t exist a year ago,” said REMAX CEO Erik Carlson. Continue Reading REMAX: December Home Sales Up 14.9%
Record Number of $1 Million-Plus Homes Sold in Texas
“Luxury home sales are small but powerful,” said Jennifer Wauhob, president of Texas Realtors. Continue Reading Record Number of $1 Million-Plus Homes Sold in Texas
Trump Suggests He is Opposed to Lowering Home Prices
“Now if I want to really crush the housing market, I could do that so fast and people could buy houses,” he said. Continue Reading Trump Suggests He is Opposed to Lowering Home Prices
New York State’s Housing Inventory Sinks to New Record Low
Closed sales fell from 7,790 sales in March 2023 to 6,685 homes last month, a 14.2% decline. Continue Reading New York State’s Housing Inventory Sinks to New Record Low
Mortgage Rates Soar Above 7%
The 30-year fixed-rate mortgage averaged 7.10% as of April 18, up from last week when it averaged 6.88%. Continue Reading Mortgage Rates Soar Above 7%
Existing Home Sales Drop in March
The median existing-home price for all housing types in March was $393,500. Continue Reading Existing Home Sales Drop in March
RE/MAX: New Inventory Fuels 21.6% Spike in March Home Sales
Last month’s median sales price was $415,000, up 5.1% from one year earlier. Continue Reading RE/MAX: New Inventory Fuels 21.6% Spike in March Home Sales
Austin Realtors Support Plan for Smaller Houses to Boost Affordable Homeownership
The median price for home sales in the Texas capital was $540,000. Continue Reading Austin Realtors Support Plan for Smaller Houses to Boost Affordable Homeownership
Rhode Island’s Housing Secretary: Our ‘Production Rate is Too Low’
“It’s been decades in the making,” said Stefan Pryor. Continue Reading Rhode Island’s Housing Secretary: Our ‘Production Rate is Too Low’
Florida and California Homeowners Report Higher Level of Problems with Insurance Carriers
Increased levels of natural disaster risks have prompted many insurers to stop doing business in Florida and California. Continue Reading Florida and California Homeowners Report Higher Level of Problems with Insurance Carriers
Mortgage Application Activity Rises Again
The seasonally adjusted Purchase Index increased 5% from one week earlier and the unadjusted index was up by 6%. Continue Reading Mortgage Application Activity Rises Again
New Home Purchase Mortgage Applications Up 6.2%
The average loan size for new homes was $405,400 in March. Continue Reading New Home Purchase Mortgage Applications Up 6.2%
Housing Starts Plummet by 12.4%
“This is the largest month-over-month drop in housing starts since the Covid lockdowns,” said economist Dr. Anthony B. Sanders. Continue Reading Housing Starts Plummet by 12.4%
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