U.S. Housing Market
Report: Sales of Newly Built Homes at 4-Year Low
“Builders are hesitant to start new projects because in today’s buyer’s market, it doesn’t make financial sense,” said Jesse Landin, a Redfin Premier agent in San Antonio. Continue Reading Report: Sales of Newly Built Homes at 4-Year Low
Mortgage Application Activity Rebounds After 4 Weeks in Decline
The Refinance Index increased by 9% and was also 111% higher than the same week one year ago. Continue Reading Mortgage Application Activity Rebounds After 4 Weeks in Decline
RE/MAX: Home Sales Up for Fifth Straight Month
June’s median sales price of $440,000 was a 2/8% increase from the prior month. Continue Reading RE/MAX: Home Sales Up for Fifth Straight Month
Q2 Home Sales in Texas Up 1.4%
The statewide median price was $340,000, down 1.4% from the same quarter last year. Continue Reading Q2 Home Sales in Texas Up 1.4%
New Legislation Seeks to Address Systemic Bias in Home Appraisals
Six Democratic senators cosponsored the bill. Continue Reading New Legislation Seeks to Address Systemic Bias in Home Appraisals
US Housing Market Value Up 49% from the Start of the Pandemic
The housing market’s total value is slightly less than $52 trillion. Continue Reading US Housing Market Value Up 49% from the Start of the Pandemic
Fewer Homes Being Sold, Albeit with Higher Prices
The median sales price of new houses sold last month was $430,300 while the average sales price was $514,000. Continue Reading Fewer Homes Being Sold, Albeit with Higher Prices
A Phil Hall Op-Ed: Addressing New York City’s Housing Problem
There is no consensus on what “affordable” means for New Yorkers. Continue Reading A Phil Hall Op-Ed: Addressing New York City’s Housing Problem
$38.5 Million Construction Loan Closed for Brooklyn Apartment Project
The final project will be completed by the summer of 2025. Continue Reading $38.5 Million Construction Loan Closed for Brooklyn Apartment Project
New Study Finds Affordable Homeownership Sinking to Three-Decade Low
Chief Economist Mark Fleming noted that of the “top 50 markets tracked, 24 markets were overvalued in July.” Continue Reading New Study Finds Affordable Homeownership Sinking to Three-Decade Low
Hits and Misses for the Real Estate Week of Sept. 18-22
A potential new life for a 100-year-old closed theater, federal workplaces that make employees sick and Jerome Powell’s foot on the brake. Continue Reading Hits and Misses for the Real Estate Week of Sept. 18-22
New York State Home Sales Down 18.8% From Last Year
The state’s median sales price of homes was $411,500 in August, up 4.8% from $392,620 one year earlier. Continue Reading New York State Home Sales Down 18.8% From Last Year
Teachers Federal Credit Union Now Offering VA Loans
“It is our honor to serve those who serve our country,” said Brad Calhoun, president and CEO. Continue Reading Teachers Federal Credit Union Now Offering VA Loans
Revnest, a Marketplace for Vacation Rental Properties, Goes Live
Revnest offers its free listing service for sellers and agents. Continue Reading Revnest, a Marketplace for Vacation Rental Properties, Goes Live
Florida Existing Home Sales Down in August
Last month’s statewide median sales price for single-family existing homes in Florida was $415,000, up 2% year-over-year. Continue Reading Florida Existing Home Sales Down in August
