U.S. Housing Market
Single-Family Housing Starts Down in January
“The single-family market has slowed as builders continue to deal with elevated construction costs while affordability conditions are a cause of concern for many potential home buyers,” said NAHB’s Bill Owens, Continue Reading Single-Family Housing Starts Down in January
Mortgage Rates Start Rising Again
The 30-year fixed-rate mortgage averaged 6.11% as of March 12, up from last week when it averaged 6.00%. Continue Reading Mortgage Rates Start Rising Again
New York State Home Sales Decline as Prices Keep Rising
The median sales price increased 5.0%, rising from $400,000 in November 2024 to $420,000 last month. Continue Reading New York State Home Sales Decline as Prices Keep Rising
Existing Home Sales Inched Up 0.5% in November
The median existing home price in November was $409,200 for all housing types, up 1.2% from one year ago ($404,400). Continue Reading Existing Home Sales Inched Up 0.5% in November
Mortgage Application Payments Down in November
“Affordability conditions have now improved for six straight months,” said MBA’s Edward Seiler. Continue Reading Mortgage Application Payments Down in November
Hits and Misses for the Real Estate Week of March 18-22
Attacks on realtors by the Wall Street Journal and President Biden plus some unusual HUD endeavors top this week’s Hits and Misses. Continue Reading Hits and Misses for the Real Estate Week of March 18-22
State Farm to Drop 72,000 Property Insurance Policies in California
The California Department of Insurance reacted to the news by raising concern about State Farm’s financial health. Continue Reading State Farm to Drop 72,000 Property Insurance Policies in California
Compass in $57.5 Million Settlement Over Commission Charges
HomeServices of America is the only major brokerage that has yet to announce a settlement. Continue Reading Compass in $57.5 Million Settlement Over Commission Charges
Bill Introduced to Remove Squatter Rights in New York
“We’re making sure squatters can’t take advantage of the law, that’s all we’re doing,” said Assemblyman Jake Blumencranz. Continue Reading Bill Introduced to Remove Squatter Rights in New York
Kaplan Launches Buyer Agency Professional Designation
The BAP designation requires an eight-hour live online course. Continue Reading Kaplan Launches Buyer Agency Professional Designation
Home Prices and Sales Up in Pennsylvania
February’s home sales totaled 6,934, up from January’s 6,790 sales and roughly the same from February 2023. Continue Reading Home Prices and Sales Up in Pennsylvania
Crow Holdings Acquires 46-Property Manufactured Housing Portfolio
The portfolio’s properties are spread across Florida, Illinois, Indiana, Missouri, Montana and Ohio. Continue Reading Crow Holdings Acquires 46-Property Manufactured Housing Portfolio
HUD Plans Publicity Tour Trumpeting Biden’s ‘Key Milestones and Accomplishments’ in Housing
HUD Secretary Marcia Fudge previously ran afoul of the Hatch Act in 2021. Continue Reading HUD Plans Publicity Tour Trumpeting Biden’s ‘Key Milestones and Accomplishments’ in Housing
AOC and Sanders Reintroduce ‘Green New Deal for Public Housing’
“We are going to provide decent-quality, affordable housing for millions of Americans,” said Sanders Continue Reading AOC and Sanders Reintroduce ‘Green New Deal for Public Housing’
Mortgage Rates Rise Again, Nearing the 7% Mark
Last week, the mortgage rate averaged 6.74%; one year ago at this time, it was at 6.42%. Continue Reading Mortgage Rates Rise Again, Nearing the 7% Mark
