U.S. Housing Market
Report: 15% of Home Purchase Agreements Canceled in September
San Francisco, New York’s Nassau County (Long Island) and San Jose had the lowest shares of contract cancellations in September, under 7% each. Continue Reading Report: 15% of Home Purchase Agreements Canceled in September
Mortgage Application Activity Declines for Fourth Straight Week
The Refinance Index increased by 4% and was 81% higher than the same week one year ago. Continue Reading Mortgage Application Activity Declines for Fourth Straight Week
A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans
The FHFA director’s announcement on the use of VantageScore 4.0 might come with a few problems. Continue Reading A Phil Hall Op-Ed: A Few Problems with Pulte’s Credit Scoring Plans
Asking Rents Down for Fourth Straight Month
On a month-over-month basis, asking rents rose 0.6%. Continue Reading Asking Rents Down for Fourth Straight Month
Mortgage Application Activity Up 9.4%
The Refinance Index increased 9% from the previous week and was 56% higher than the same week one year ago. Continue Reading Mortgage Application Activity Up 9.4%
Average Teacher Can Only Afford 12% of Homes Within Commuting Distance to School
Redfin determined the average teacher can only afford 27% of available rentals within commuting distance of their school. Continue Reading Average Teacher Can Only Afford 12% of Homes Within Commuting Distance to School
Jury Awards $612 Million to Fannie Mae and Freddie Mac Shareholders
The FHFA issued a statement saying it would review the verdict and determine how to proceed. Continue Reading Jury Awards $612 Million to Fannie Mae and Freddie Mac Shareholders
WalletHub’s Best State To Live In Is…
Utah had the lowest average of weekly work hours while Alaska had the highest. Continue Reading WalletHub’s Best State To Live In Is…
California’s Housing Affordability Level at 16-Year Low
Lassen County required the lowest minimum qualifying income ($62,400) for purchasing a median-priced home. Continue Reading California’s Housing Affordability Level at 16-Year Low
Hits and Misses for the Real Estate Week of Aug. 7-11
Out-of-control rent prices, a fine that Elon Musk isn’t paying and a Chinese property developer on the skids. Continue Reading Hits and Misses for the Real Estate Week of Aug. 7-11
Redfin: 1 in 10 Homes are Worth $1 Million or More
Redfin noted there are “essentially no million-dollar homes in several inexpensive metros, including parts of Texas and upstate New York.” Continue Reading Redfin: 1 in 10 Homes are Worth $1 Million or More
Mid-Atlantic Region’s Median Home Price at $400,000
The Maryland/West Virginia Panhandle’s median price of $295,000 was the highest recorded for the region. Continue Reading Mid-Atlantic Region’s Median Home Price at $400,000
Truist Allocates $15 Million to Fund Affordable Housing in North Carolina
The new housing impact fund will focus its investments on apartment communities that are vulnerable to gentrification. Continue Reading Truist Allocates $15 Million to Fund Affordable Housing in North Carolina
Proptech RentRedi Acquires Two Property Management Platforms
The founder of the two acquired companies, Rick Sands, will become RentRedi’s head of payments. Continue Reading Proptech RentRedi Acquires Two Property Management Platforms
Wells Fargo Launches Down Payment Grant Program
The grants are being allocated under the company’s Special Purpose Credit Program. Continue Reading Wells Fargo Launches Down Payment Grant Program
