U.S. Housing Market
Virginia Home Sales Up 9% in September
The statewide median sales price continued in September was $420,000, a mild $800 increase from one year earlier. Continue Reading Virginia Home Sales Up 9% in September
Connecticut GOP Leaders Propose Historic Expansion of Property Tax Credits
Gov. Ned Lamont has yet to comment on the GOP proposal. Continue Reading Connecticut GOP Leaders Propose Historic Expansion of Property Tax Credits
FHLBank San Francisco Awards Nearly $50 Million in Affordable Housing Program Grants
“We continue to make meaningful investments to address the affordable housing crisis across Arizona, California, and Nevada,” said Joseph E. Amato, interim president and CEO of FHLBank San Francisco. Continue Reading FHLBank San Francisco Awards Nearly $50 Million in Affordable Housing Program Grants
BMO Unveils Spanish-Language Mortgage Application
The application is available both digitally and in a paper format available at branches. Continue Reading BMO Unveils Spanish-Language Mortgage Application
HUD Enacts 90-Day Foreclosure Moratorium on FHA Mortgages in Texas Flood Region
“Our hearts break as we witness the catastrophe unfolding in Texas,” said HUD Secretary Turner. Continue Reading HUD Enacts 90-Day Foreclosure Moratorium on FHA Mortgages in Texas Flood Region
New Construction Accounts for One-Third of Listed Single-Family Homes
The portion of new homes within the total inventory is nearly double the pre-pandemic share of about 17% in the second quarter of 2019. Continue Reading New Construction Accounts for One-Third of Listed Single-Family Homes
California Home Prices Record First Year-Over-Year Uptick Since October
The statewide median price was $832,340 last month, a scant 0.2% uptick from a revised $830,870 one year ago. Continue Reading California Home Prices Record First Year-Over-Year Uptick Since October
Bill On Broker Payments Creates Political Scuffle in NYC Council
The Real Estate Board of New York reportedly influenced a council member to block the bill from receiving a committee vote. Continue Reading Bill On Broker Payments Creates Political Scuffle in NYC Council
Movement Mortgage Taps Andrew Chevalier As Market Leader
He will be focused on expanding the company’s presence in the Illinois and Wisconsin markets. Continue Reading Movement Mortgage Taps Andrew Chevalier As Market Leader
Condo In NYC’s Billionaires’ Row Sells For Roughly $80 Million
The apartment was last purchased in 2020 for $65.59 million. Continue Reading Condo In NYC’s Billionaires’ Row Sells For Roughly $80 Million
Mortgage Application Activity Takes A Dive
“The ARM share of applications rose slightly to 7%, the highest since April 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Takes A Dive
Single-Family Housing Starts Up 6.7%
Single‐family authorizations in July were at a rate of 930,000, a 0.6% uptick from the revised June figure of 924,000. Continue Reading Single-Family Housing Starts Up 6.7%
Realtors Relief Fund Donates $1.5 Million to Maui Rebuilding
State officials are warning Maui residents of predatory buyers seeking to purchase homes from distressed owners. Continue Reading Realtors Relief Fund Donates $1.5 Million to Maui Rebuilding
Builder Confidence Evaporates Amid Elevated Mortgage Rates
NAHB Chairman Alicia Huey noted that “demand for new construction continues to be supported by a lack of resale inventory.” Continue Reading Builder Confidence Evaporates Amid Elevated Mortgage Rates
July New Home Purchase Mortgage Applications Up 35.5%
Mortgage applications for new home purchases in July increased by 35.5% year-over-year, according to new data from the Mortgage Bankers Association (MBA). Compared to June, applications inched up by 0.2%. MBA estimated new single-family home sales were running at a...
