U.S. Housing Market
Q3 Texas Home Sales Rise While Prices Decline
The median home price of $335,000 was down by 1.5% from the third quarter in 2024. Continue Reading Q3 Texas Home Sales Rise While Prices Decline
Toll Brothers Debuts Luxury Townhome Community in New York’s Westchester County
Homes are priced from $1.39 million. Continue Reading Toll Brothers Debuts Luxury Townhome Community in New York’s Westchester County
New Bipartisan Bill Seeks Government Support for ADU Construction
The lawmakers stated the construction of new ADUs is needed to address the national housing shortage. Continue Reading New Bipartisan Bill Seeks Government Support for ADU Construction
Single-Family Housing Starts and Permits Down in June
Privately-owned housing were at a seasonally adjusted annual rate of 1.321 million, which is 4.6% above the revised May estimate of 1.26 million. Continue Reading Single-Family Housing Starts and Permits Down in June
California Home Sales Up, Reversing 3-Month Slump
California’s median home price fell for the second straight month in June to $899,560. Continue Reading California Home Sales Up, Reversing 3-Month Slump
Mortgage Rates Flat, But Still Above 7%
“Given these high rates, housing demand is cooling off and now homebuilders are feeling the effect,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Flat, But Still Above 7%
Renting is Less Costly Than Home Buying 47 of the Top 50 Metros
“We expect more households will remain renters for longer,” said Realtor.com’s Danielle Hale. Continue Reading Renting is Less Costly Than Home Buying 47 of the Top 50 Metros
Fewer Homes Being Flipped
These transactions represented 8% the second quarter’s home sales. Continue Reading Fewer Homes Being Flipped
Existing Home Sales Drop While Prices Keep Rising
The median existing-home price for all housing types in August was $407,100, an increase of 3.9% from the $391,700 in August 2022. Continue Reading Existing Home Sales Drop While Prices Keep Rising
Mortgage Applications Up 5.4%
“Mortgage applications increased last week, despite the 30-year fixed mortgage rate edging back up to 7.31%,” said MBA’s Joel Kan. Continue Reading Mortgage Applications Up 5.4%
RE/MAX: August Home Sales Up 7.4% From July
“Buyers should be pleased to see the slow but ongoing ramp-up in available listings, regardless of comparisons to a year ago,” says RE/MAX President and CEO Nick Bailey. Continue Reading RE/MAX: August Home Sales Up 7.4% From July
CFPB Issues Guidance on How Lenders Can Use AI Tools
CFPB Director Rohit Chopra said misuse of AI was “growing the list of potential reasons for why credit is denied.” Continue Reading CFPB Issues Guidance on How Lenders Can Use AI Tools
Forbearance Levels Continue to Decline
The forbearance share for portfolio loans and private-label securities decreased 6 basis points to 0.39%. Continue Reading Forbearance Levels Continue to Decline
Tri Pointe Homes Expands Into Utah Market
Tri Pointe Homes cited Utah’s population and job growth as being a key factor in coming to the state. Continue Reading Tri Pointe Homes Expands Into Utah Market
Housing Starts Down in August
Single‐family authorizations in August were at a rate of 949,000, a 2% uptick from the revised July figure of 930,000. Continue Reading Housing Starts Down in August
