U.S. Housing Market
Kentucky Home Sales Drop Amid Spike in New Listings
“Despite being in the middle of real estate’s slower season, now is still a great time to buy in Kentucky,” said Kentucky Realtors CEO Josh Summers. Continue Reading Kentucky Home Sales Drop Amid Spike in New Listings
DDB Capital to Create 52-Acre Residential Community in Alabama
The first home sales are anticipated in the fourth quarter of this year. Continue Reading DDB Capital to Create 52-Acre Residential Community in Alabama
Hits and Misses for the Real Estate Week of Nov. 17-21
An affordability challenge in rural America, Canadian and American renters consider the pursuit of homeownership, and Arkansas realtors helping communities facing food insecurity. Continue Reading Hits and Misses for the Real Estate Week of Nov. 17-21
St. Louis Creates Impacted Tenants’ Fund for Displaced Renters
Eligible tenants will receive funds for one-time assistance, equal to one month of rent, based on the federal government’s fair market rates established. Continue Reading St. Louis Creates Impacted Tenants’ Fund for Displaced Renters
Zillow Offers Data Analysis Claiming Private Listings Could Perpetuate Racial Disparities
In majority-white areas, 7.9% of homes for sale within MRED were listed privately. In predominantly minority areas, that share was 3.4%. Continue Reading Zillow Offers Data Analysis Claiming Private Listings Could Perpetuate Racial Disparities
Report Finds Affordable Homeownership Remained Elusive in Q4
The new report found major expenses on median-priced homes consume 33.7% of the average national wage in the fourth quarter. Continue Reading Report Finds Affordable Homeownership Remained Elusive in Q4
CFPB and DOJ Sue Texas Developer Colony Ridge, Alleging Illegal Land Sales
Colony Ridge allegedly sold flood-prone land without water, sewer or electrical infrastructure to unsuspecting families. Continue Reading CFPB and DOJ Sue Texas Developer Colony Ridge, Alleging Illegal Land Sales
Developer Proposes 134-Story Apartment Tower for Oklahoma City
If constructed, the tower would be the second tallest U.S. building. Continue Reading Developer Proposes 134-Story Apartment Tower for Oklahoma City
Mortgage Application Activity Trends Downward
The Refinance Index decreased 2% from the previous week, although it was 18% higher than the same week one year ago. Continue Reading Mortgage Application Activity Trends Downward
Existing Homes Sales Up for First Time in 5 Months
First-time buyers were responsible for 31% of sales in November. Continue Reading Existing Homes Sales Up for First Time in 5 Months
$256 Million in Financing Closed for Mixed-Use Affordable Housing Project in Brooklyn
The project was designed by Bernheimer Architecture and is expected to be completed by June 2026. Continue Reading $256 Million in Financing Closed for Mixed-Use Affordable Housing Project in Brooklyn
Fannie Mae Forecasts Home Sales and Mortgage Origination Recovery in 2024
Current problems including affordability challenges, the lock-in effect, and a lack of homes available for sale are expected to persist. Continue Reading Fannie Mae Forecasts Home Sales and Mortgage Origination Recovery in 2024
California Home Sales Plummet to 16-Year Low
Nearly two-thirds (31) of the state’s 50 counties registered declines in active listings from last year. Continue Reading California Home Sales Plummet to 16-Year Low
21.8% Increase in New Home Purchase Mortgage Applications
The average loan size for new homes decreased from $390,225 in October to $390,049 in November. Continue Reading 21.8% Increase in New Home Purchase Mortgage Applications
Housing Starts Surged in November
Single‐family authorizations in November were at a rate of 976,000, a 0.7% uptick from the revised October figure of 969,000. Continue Reading Housing Starts Surged in November
