U.S. Housing Market
Trump Suggests He is Opposed to Lowering Home Prices
“Now if I want to really crush the housing market, I could do that so fast and people could buy houses,” he said. Continue Reading Trump Suggests He is Opposed to Lowering Home Prices
HUD Targets Minneapolis for Alleged Race-Based Housing Plans
The “Minneapolis 2040” plan was faulted for prioritizing housing resources to serve nonwhite residents. Continue Reading HUD Targets Minneapolis for Alleged Race-Based Housing Plans
New 135-Unit Apartment Community Being Built in Twin Cities Metro Area
Pre-leasing is set to begin in fall 2026 with apartments ready for residents by late 2026. Continue Reading New 135-Unit Apartment Community Being Built in Twin Cities Metro Area
Forecast: Single-Family Mortgage Origination to Reach $2.2 Trillion in 2026
“We expect that home sales will increase in 2026,” said Mike Fratantoni, MBA’s chief economist. Continue Reading Forecast: Single-Family Mortgage Origination to Reach $2.2 Trillion in 2026
Report: More Homes Selling at Discounted Prices
The typical home sold for 1.4% less than its final list price. Continue Reading Report: More Homes Selling at Discounted Prices
MBA’s Broeksmit Expresses ‘Significant Concern’ Over Pausing Foreclosures on VA-Guaranteed Loans
“The VA needs to provide a detailed plan on how servicers will be reimbursed for advancing payments on behalf of borrowers,” he said. Continue Reading MBA’s Broeksmit Expresses ‘Significant Concern’ Over Pausing Foreclosures on VA-Guaranteed Loans
UMH Properties and Nuveen Real Estate in Manufactured Housing Joint Venture
UMH will have the right to purchase the community from the joint venture after a certain period of time. Continue Reading UMH Properties and Nuveen Real Estate in Manufactured Housing Joint Venture
Jeff Pancer Joins First Community Mortgage as EVP of Capital Markets
Prior to joining FCM, he was senior vice president of secondary markets at CMG Financial. Continue Reading Jeff Pancer Joins First Community Mortgage as EVP of Capital Markets
Monthly Mortgage Payment Average Continues to Decline
Redfin attributed this decline to the continued downturn in mortgage rates from its high of 7.79% in October. Continue Reading Monthly Mortgage Payment Average Continues to Decline
Stephen Sondheim’s NYC Townhome Sells for $7 Million Asking Price
Two offers were made on the property since it was listed last July. Continue Reading Stephen Sondheim’s NYC Townhome Sells for $7 Million Asking Price
Mortgage Rates Down for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 7.22% as of Nov. 30, down from last week when it averaged 7.29%. Continue Reading Mortgage Rates Down for Fifth Straight Week
FHA Proposes Changes to 203(k) Program
Feedback is being welcomed via the FHA’s website through Jan. 5, 2024. Continue Reading FHA Proposes Changes to 203(k) Program
Zillow Predicts Some Easing in Inventory and Affordability for 2024 Housing Market
Zillow predicts the cost of home buying to “level off next year, with the possibility of costs falling if mortgage rates do.” Continue Reading Zillow Predicts Some Easing in Inventory and Affordability for 2024 Housing Market
Ground Breaking on New DC-Area Apartment Complex
The first units are projected to deliver in the fourth quarter of 2025, with final completion in early 2026. Continue Reading Ground Breaking on New DC-Area Apartment Complex
Q3 Mortgage Originations Down 3% From Previous Quarter
On a year-over-year basis, originations were down by 26% from the third quarter of 2022. Continue Reading Q3 Mortgage Originations Down 3% From Previous Quarter
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