U.S. Housing Market
Survey Finds 70% of Renters Forced to Move Due to Increased Housing Costs
The survey also found 75% of respondents stating the rising cost of housing played a role in accumulating the debt that led them to seek help. Continue Reading Survey Finds 70% of Renters Forced to Move Due to Increased Housing Costs
Half of US Households Experienced Home Insurance Rate Increases
Among the states, Florida carries the highest home insurance average at $7,136. Continue Reading Half of US Households Experienced Home Insurance Rate Increases
Mortgage Rates Drop for Fourth Straight Week
The 30-year fixed-rate mortgage averaged 6.17% as of Oct. 30. Continue Reading Mortgage Rates Drop for Fourth Straight Week
National Vacancy and Zombie Foreclosure Rates Decline
The number of zombie properties rose quarter-over-quarter in 21 states and the District of Columbia. Continue Reading National Vacancy and Zombie Foreclosure Rates Decline
Median Monthly Housing Payment in Biggest Decline Since Last November
Redfin attributed the lower payment level to declining mortgage rates. Continue Reading Median Monthly Housing Payment in Biggest Decline Since Last November
Mortgage Application Volume Up Nearly 10%
The holiday adjusted Refinance Index increased 19% from the previous week and was 30% higher than the same week one year ago. Continue Reading Mortgage Application Volume Up Nearly 10%
HUD Awards $40 Million to Housing Counseling Services
HUD plans to award grants to more than 150 housing counseling agencies and intermediary organizations. Continue Reading HUD Awards $40 Million to Housing Counseling Services
Guaranteed Rate Debuts RateReduce Sell Program
Chicago-headquartered Guaranteed Rate has enhanced its RateReduce offering to include RateReduce Sell, a program designed to help real estate agents facing a challenging home sales market. According to the company, RateReduce Sell provides real estate agents the...
Lennar to Open New Community in Raleigh Suburb
Pricing at Franklin Townes begins in the high $200,000s. Continue Reading Lennar to Open New Community in Raleigh Suburb
Two Men Sentenced for $50 Million Connecticut Mortgage Fraud Scheme
Jacob Deutsch has a prior criminal history with a wire fraud conviction stemming from an insurance fraud scheme. Continue Reading Two Men Sentenced for $50 Million Connecticut Mortgage Fraud Scheme
NAR and Brokerages Seek to Overturn Sitzer/Burnett Verdict
The plaintiffs’ attorneys argued NAR and the brokerages were “rehashing” arguments they “lost over and over again” during the trial. Continue Reading NAR and Brokerages Seek to Overturn Sitzer/Burnett Verdict
Tejon Ranch to Begin Construction on Multifamily Community
Construction will begin in late January, with the first units becoming available in the first half of 2025. Continue Reading Tejon Ranch to Begin Construction on Multifamily Community
Are Housing Inventory Levels on the Rise?
“The number of homes on the market is still low relative to pre-pandemic levels,” said Realtor.com’s Danielle Hale. Continue Reading Are Housing Inventory Levels on the Rise?
Mortgage Credit Availability Down in December to 11-Year Low
“Ongoing industry consolidation is resulting in more loan programs being removed from the marketplace,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Down in December to 11-Year Low
Landsea Homes Corp. Acquires Antares Homes for $232.2 Million
The transaction adds 2,298 of owned or controlled lots to Landsea Homes’ portfolio. Continue Reading Landsea Homes Corp. Acquires Antares Homes for $232.2 Million
