U.S. Housing Market
Treasury Secretary Bessent Blames Fed for ‘Housing Recession’
“If the Fed brings down mortgage rates, they can end this housing recession,” said Bessent. Continue Reading Treasury Secretary Bessent Blames Fed for ‘Housing Recession’
Bilt Adds Venmo for Housing Payment Options
Bilt will add Venmo to its existing payment options of ACH, debit, and any linked credit card. Continue Reading Bilt Adds Venmo for Housing Payment Options
Deltec Homes Debuts New Hurricane-Resistant Housing Model
“We set out to create a smaller home that delivers world-class resilience and a truly elevated living experience,” said Meg Gore, CEO of Deltec Homes. Continue Reading Deltec Homes Debuts New Hurricane-Resistant Housing Model
Wisconsin’s June Home Sales Up for First Time in 4 Years
In review of the first half of the year, the WRA found home sales were up by a scant 0.1% from the first six months of 2024. Continue Reading Wisconsin’s June Home Sales Up for First Time in 4 Years
Honolulu City Council Considers Property Tax Relief Measures
Budget and Fiscal Services Director Andy Kawano warned that these measures could result in lost revenue that is not easily replaced. Continue Reading Honolulu City Council Considers Property Tax Relief Measures
Zillow Updates Design for Website and App
“The new design delivers a fun and efficient way to browse homes on the Zillow website,” said Jenny Arden, chief design officer at Zillow. Continue Reading Zillow Updates Design for Website and App
Hits and Misses for the Real Estate Week of Oct. 16-20
A Chinese agtech company is kicked out of Arkansas, a Fed officer feels your pain and a wild new building becomes a Las Vegas landmark. Continue Reading Hits and Misses for the Real Estate Week of Oct. 16-20
Q3 Home Prices in Texas Down 1.5% From One Year Earlier
Active listings increased 15.2% in the third quarter compared to the same period in the previous year. Continue Reading Q3 Home Prices in Texas Down 1.5% From One Year Earlier
New York State Home Sales Down 22.5%
nventory of homes for sale dropped 24% across the state, from 38,082 homes in September 2022 to just 28,943 units available last month. Continue Reading New York State Home Sales Down 22.5%
Need to Give a Wedding Present? How About ‘Home Funds’?
“Home funds were one of the most popular wedding registry cash funds on The Knot in 2022,” said Esther Lee, deputy editor of The Knot. Continue Reading Need to Give a Wedding Present? How About ‘Home Funds’?
Prefab Housing Provider Connect Homes to Open Arizona Factory
The factory will be capable of manufacturing up to 5,000 square feet of housing per week. Continue Reading Prefab Housing Provider Connect Homes to Open Arizona Factory
Profit Margins on Home Sales Up During Q3
This represented the second straight quarterly increase following several declines. Continue Reading Profit Margins on Home Sales Up During Q3
Ameris Bank in $9 Million Settlement Over Redlining Charges
“We strongly disagree with any suggestion that we have engaged in discriminatory conduct,” said Palmer Proctor, CEO of Ameris. Continue Reading Ameris Bank in $9 Million Settlement Over Redlining Charges
Mortgage Rates Surge Higher (Again)
“Mortgage rates continued to approach 8% this week, further impacting affordability,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Surge Higher (Again)
Pennsylvania Home Sales Down 21% Year-Over-Year
The median home sale price decreased for the third month in a row, down 3% from August to $216,249 in September. Continue Reading Pennsylvania Home Sales Down 21% Year-Over-Year
