U.S. Housing Market
Toll Brothers Opens New Luxury Community in Pennsylvania
Homes are priced from the mid-$900,000s. Continue Reading Toll Brothers Opens New Luxury Community in Pennsylvania
PennyMac Debuts Non-QM Product Suite
The new products are designed to “help TPO partners solve complex borrower scenarios, expand their addressable market, and close more loans.” Continue Reading PennyMac Debuts Non-QM Product Suite
Fort Point Real Estate Partners Launches with Portfolio of 40 San Francisco Properties
The portfolio was aggregated over the last 12 months and encompasses diverse neighborhoods including Nob Hill, Russian Hill, The Castro, Potrero Hill, Hayes Valley, and the Sunset and Richmond Districts. Continue Reading Fort Point Real Estate Partners Launches with Portfolio of 40 San Francisco Properties
Boston City Council Votes to Raise Residential Property Taxes by 13%
Councilor Ed Flynn, a critic of Mayor Michelle Wu, argued the city needs to crack down on its spending. Continue Reading Boston City Council Votes to Raise Residential Property Taxes by 13%
Home Flipping Activity and Profits Down During Q3
A typical flipped home in the third quarter was purchased by an investor at a national median price of $260,000 and sold at a national median of $320,000. Continue Reading Home Flipping Activity and Profits Down During Q3
HUD Offers New Initiatives for Manufactured Housing
The $225 million competitive grant program will provide resources to support residents of manufactured housing through repairs and rehabilitation. Continue Reading HUD Offers New Initiatives for Manufactured Housing
Mortgage Rates Up for Fourth Straight Week
“The recent boomerang in rates has dampened already tentative homebuyer momentum as we approach the spring,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Up for Fourth Straight Week
Pending Home Sales, Buyer Affordability Down in January
The national median payment applied for by purchase applicants increased to $2,134 from $2,055 in December. Continue Reading Pending Home Sales, Buyer Affordability Down in January
Home Mortgage Lending Activity Sank During Q4 2023
The fourth quarter total was also a 16.5% decline from the same period in 2022. Continue Reading Home Mortgage Lending Activity Sank During Q4 2023
Zillow: You Need to Make $106,000 to ‘Comfortably Afford’ to Buy a Home
The monthly mortgage payment on a typical home has nearly doubled since January 2020. Continue Reading Zillow: You Need to Make $106,000 to ‘Comfortably Afford’ to Buy a Home
US Housing Market Gained $2 Trillion in Value in 2023
The total value of homes in urban areas rose 3.6% year over year to $10.1 trillion in December. Continue Reading US Housing Market Gained $2 Trillion in Value in 2023
Mortgage Application Activity Down By 5.6%
U.S. home prices were up 6.5% year-over-year during the fourth quarter of 2023. Continue Reading Mortgage Application Activity Down By 5.6%
Wanted: 7.2 Million Homes to Fill Housing Market Void
Realtor.com’s Danielle Hale warned of a “long-term housing shortage with the construction of new homes failing to keep pace with a growing population.” Continue Reading Wanted: 7.2 Million Homes to Fill Housing Market Void
Whole Foods to Anchor New Mixed-Use Development in Central Connecticut
The project will include retail, lodging and a master-planned community. Continue Reading Whole Foods to Anchor New Mixed-Use Development in Central Connecticut
Case-Shiller: Home Prices Ended 2023 on the Rise
San Diego reported the highest year-over-year gain among the 20 cities with an 8.8% increase in December. Continue Reading Case-Shiller: Home Prices Ended 2023 on the Rise
