U.S. Housing Market
NYC Mayor Mamdani Backpedals on Promise to Expand Housing Voucher Program
He blamed the administration of his predecessor, Eric Adams, for his change in direction. Continue Reading NYC Mayor Mamdani Backpedals on Promise to Expand Housing Voucher Program
Zillow Unveils New Marketing Campaign
The campaign debuts on Feb. 1 during the telecast of the Grammy Awards on CBS and Paramount+. Continue Reading Zillow Unveils New Marketing Campaign
Report: Increasing Number of VA Loans Being Used in Homebuying
Nationwide, the number of VA loans rose 3% year-over-year in August, while the number of conventional loans declined 9%. Continue Reading Report: Increasing Number of VA Loans Being Used in Homebuying
Greystar Begins Pre-Leasing at New Pennsylvania Apartment Community
Community amenities include a resident lounge, fitness center, heated swimming pool, dog park, and EV charging. Continue Reading Greystar Begins Pre-Leasing at New Pennsylvania Apartment Community
Report: Most Housing Discrimination Complaints Were Disability Related
Complaints based on national origin rose 8.45% from the previous year, marking the highest number since 2018. Continue Reading Report: Most Housing Discrimination Complaints Were Disability Related
MBA: Mortgage Delinquency Rate Inched Up in Q4 2023
The FHA delinquency rate spiked by 131 basis points to 10.81%, the highest level since the third quarter of 2021. Continue Reading MBA: Mortgage Delinquency Rate Inched Up in Q4 2023
NAHB: Housing Affordability Remains Near Historic Low Level
37.7% of new and existing homes sold in the fourth quarter were affordable to families earning the national median income of $96,300. Continue Reading NAHB: Housing Affordability Remains Near Historic Low Level
Harbor Group International Acquires Colorado Multifamily Portfolio
With these acquisitions, the company now owns 10 real estate assets in Colorado. Continue Reading Harbor Group International Acquires Colorado Multifamily Portfolio
Feds Propose Rule for Real Estate Professionals to Report Potential Money Laundering
“Predicate offenses for money laundering through real estate continue to involve domestic and transnational activity,” said the Treasury report. Continue Reading Feds Propose Rule for Real Estate Professionals to Report Potential Money Laundering
Mortgage Applications Up While Most Americans Expect Lower Rates
The Fannie Mae Home Purchase Sentiment Index increased 3.5 points in January to 70.7, its highest level since March 2022. Continue Reading Mortgage Applications Up While Most Americans Expect Lower Rates
First Home Mortgage Corp. Rolls Out Down Payment Assistance Program
Under this program, the buyer contributes 1% and First Home Mortgage contributes 2% (up to $5,500) towards the down payment and/or closing costs. Continue Reading First Home Mortgage Corp. Rolls Out Down Payment Assistance Program
Freddie Mac Extends Mortgage Assistance to Very Low Income Borrowers
The funds can also be used to cover closing costs, escrow and mortgage insurance premiums. Continue Reading Freddie Mac Extends Mortgage Assistance to Very Low Income Borrowers
Opendoor to Air Live Commercial of Home Sale During Super Bowl Halftime
Livestream footage of this commercial will air on Atlanta television and on the Opendoor.com website. Continue Reading Opendoor to Air Live Commercial of Home Sale During Super Bowl Halftime
Data Study Finds Blacks Only Own 10% of Homes While Whites Own 69%
A new data study by LendingTree (NASDAQ:TREE) on racial disparities in homeownership has determined Black people make up an average of about 15% of the population across the nation’s 50 largest metros, but they only own an average of 10.15% of homes. In comparison,...
Survey: One-Third of Agents Report Clients Moved Due to Local Laws and Politics
The most common migration routes were from blue states to red or purple states. Continue Reading Survey: One-Third of Agents Report Clients Moved Due to Local Laws and Politics
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