U.S. Housing Market
Record Number of $1 Million-Plus Homes Sold in Texas
“Luxury home sales are small but powerful,” said Jennifer Wauhob, president of Texas Realtors. Continue Reading Record Number of $1 Million-Plus Homes Sold in Texas
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
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
Report: Down Payment Level Held Steady During Q3
During the third quarter, the average down payment share remained near 14.4% of the purchase price. Continue Reading Report: Down Payment Level Held Steady During Q3
Will 2024 Be the Year of Affordable Homeownership?
Realtor.com is forecasting average mortgage rates of 6.8% in 2024, with rates edging down over the year to reach 6.5% by the end of the year. Continue Reading Will 2024 Be the Year of Affordable Homeownership?
Mortgage Application Activity Rises Slightly
The seasonally adjusted Purchase Index was up 5% from one week earlier, but the unadjusted index dropped by 31%, Continue Reading Mortgage Application Activity Rises Slightly
FHFA Increases Conforming Loan Limits Values for 2024
Special statutory provisions establish different loan limits for Alaska, Hawaii, Guam, and the U.S. Virgin Islands. Continue Reading FHFA Increases Conforming Loan Limits Values for 2024
Citing Handwritten Will, Judge Awards Aretha Franklin’s Real Estate to Three Sons
Franklin wrote the will in longhand in 2014. Continue Reading Citing Handwritten Will, Judge Awards Aretha Franklin’s Real Estate to Three Sons
CFPB Fines Bank of America $12 Million Over HMDA Violations
“Bank of America violated a federal law that thousands of mortgage lenders have routinely followed for decades,” said CFPB Director Rohit Chopra Continue Reading CFPB Fines Bank of America $12 Million Over HMDA Violations
LendSure Mortgage Debuts Profit & Loss Loan Program
The program is designed for business owners and self-employed investors with fluctuating seasonal income or cash businesses. Continue Reading LendSure Mortgage Debuts Profit & Loss Loan Program
Survey: Most Americans Think a Housing Crash Could Happen Next Year
Half of homeowner respondents said their current rate is keeping them in their houses. Continue Reading Survey: Most Americans Think a Housing Crash Could Happen Next Year
Home Prices Up Again in Case-Shiller, FHFA Data Reports
FHFA’s Dr. Anju Vajja said third quarter prices were “appreciating more than in each of the previous four quarters.” Continue Reading Home Prices Up Again in Case-Shiller, FHFA Data Reports
New Single-Family Home Sales Down in October
The median sales price of new houses sold in October was $409,300 and the average sales price was $487,000. Continue Reading New Single-Family Home Sales Down in October
Hits and Misses for the Real Estate Week of Nov. 20-24
This week’s Hits and Misses considers seller confusion on agent commissions, New York City’s newest hotel and a San Francisco landmark being prepped for flooding in 2100. Continue Reading Hits and Misses for the Real Estate Week of Nov. 20-24
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