U.S. Housing Market
Report: Roughly 2.8% of the National Housing Inventory Changed Hands This Year
This is the lowest turnover rate in at least 30 years. Continue Reading Report: Roughly 2.8% of the National Housing Inventory Changed Hands This Year
Luxury Home Sales Up 5% in September
The only two metros where prices dropped were Tampa, Florida (-3.3% to $1.45 million) and Oakland, California (-2.2% to $2.9 million). Continue Reading Luxury Home Sales Up 5% in September
Home Sale Profits Up Slightly During Q2
In pure dollar figures, the large metro areas with the highest typical profit on a home sale were all on the West Coast. Continue Reading Home Sale Profits Up Slightly During Q2
Chicago Mayor Downplays CFO’s Remarks of a ‘Likely’ Property Tax Hike
“We have a working group that is coming up with a lot of ideas,” said Mayor Johnson. Continue Reading Chicago Mayor Downplays CFO’s Remarks of a ‘Likely’ Property Tax Hike
Florida’s Single-Family Home Sales Up in June, Down for Q2
The statewide median sales price for single-family existing homes last month was $412,000, down 3.5% compared to June 2024. Continue Reading Florida’s Single-Family Home Sales Up in June, Down for Q2
Housing Starts Up in September
Single‐family authorizations in September were at a rate of 965,000, up 1.8% from the revised August figure of 948,000. Continue Reading Housing Starts Up in September
Mortgage Application Activity Sinks to 28-Year Low
“The ARM share was 9.3%, the highest share in 11 months,” said the MBA’s Joel Kan. Continue Reading Mortgage Application Activity Sinks to 28-Year Low
Most Americans Would Buy a Haunted House Just to Save Money
68% of respondents believed the government should mandate sellers to disclose if a home is haunted. Continue Reading Most Americans Would Buy a Haunted House Just to Save Money
2024 Homebuying Trends: Pickleball Courts Are In, Tuscan Kitchens Are Out
Brutalist-style design and sensory gardens are more popular today. Continue Reading 2024 Homebuying Trends: Pickleball Courts Are In, Tuscan Kitchens Are Out
California City Repurposes Hotel into Multifamily Complex for Homeless Residents
“Housing stability is vital to the independence of individuals experiencing homelessness,” said Baldwin Park Mayor Emmanuel J. Estrada. Continue Reading California City Repurposes Hotel into Multifamily Complex for Homeless Residents
A Phil Hall Op-Ed: Biden Remembers the Housing Market
At no point in his presidency has Biden made a single speech related to homeownership. Continue Reading A Phil Hall Op-Ed: Biden Remembers the Housing Market
Xome Auction Simulator Teaches Neophyte Investors About Online Real Estate Auctions
Mike Rawls, CEO at Xome, said “Creating this game is a great example of the type of innovations Xome is bringing to the market.” Continue Reading Xome Auction Simulator Teaches Neophyte Investors About Online Real Estate Auctions
First National Bank of Long Island to Offer Home Loans Through Rocket Mortgage
“We are committed to providing innovative ways to best serve our clients,” said Chris Becker, the bank’s president and CEO. Continue Reading First National Bank of Long Island to Offer Home Loans Through Rocket Mortgage
MBA Predicts Increased Mortgage Origination, Mild Recession in 2024
The trade group also predicted purchase originations will increase 11% to $1.47 trillion next year. Continue Reading MBA Predicts Increased Mortgage Origination, Mild Recession in 2024
Philadelphia Fed Chief: ‘We Can Hold Rates Where They Are’
“I’m telling you something you already know: the rate of inflation in housing prices is similarly down from its peak levels,” he said. Continue Reading Philadelphia Fed Chief: ‘We Can Hold Rates Where They Are’
