U.S. Housing Market
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
Hits and Misses for the Real Estate Week of Oct. 13-17
Positive data on rental housing costs, a new threat to close the CFPB, and California’s housing market shows signs of vitality. Continue Reading Hits and Misses for the Real Estate Week of Oct. 13-17
New Joint Venture to Develop 243-Unit Rental Community in Denver Suburb
The project is being financed through a $57 million construction loan facility from JPMorgan Chase. Continue Reading New Joint Venture to Develop 243-Unit Rental Community in Denver Suburb
Report: Active Listings Exceed Pre-Pandemic Levels in 22 of 50 Largest Metros
Denver recorded the largest recovery from the pandemic era with a 100% increase in available homes compared to 2017–2019 averages. Continue Reading Report: Active Listings Exceed Pre-Pandemic Levels in 22 of 50 Largest Metros
Refinancing Fuels Upswing in Mortgage Application Activity
The Refinance Index increased 7% from the previous week and was 40% higher than the same week one year ago. Continue Reading Refinancing Fuels Upswing in Mortgage Application Activity
Mortgage Rates Are Up Again
“Higher interest rates continue to dampen activity in interest rate-sensitive sectors,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Are Up Again
Mortgage Delinquency Rate Crashes to All-Time Low
CoreLogic noted that 14 states posted an annual increase in overall delinquency rates in May. Continue Reading Mortgage Delinquency Rate Crashes to All-Time Low
JD Power: Mortgage Servicing Customer Satisfaction Down Amid Financial Stress
Among the major servicers, Rocket Mortgage ranked the highest with a score of 686 out of 1,000. Continue Reading JD Power: Mortgage Servicing Customer Satisfaction Down Amid Financial Stress
Pending Home Sales Inched Up Slightly in June
However, on a year-over-year measurement, pending transactions were down by 15.6%. Continue Reading Pending Home Sales Inched Up Slightly in June
Nearly Half of US Homes in Q2 Were Equity-Rich
Nationwide, the median home value spiked by 10% in the second quarter to $350,000, a new all-time high. Continue Reading Nearly Half of US Homes in Q2 Were Equity-Rich
Long Island Village Considers Buying Accused Serial Killer’s Home
The local police have begun ticketing drivers who slow down to stare at the home. Continue Reading Long Island Village Considers Buying Accused Serial Killer’s Home
Guest Opinion: The Toxic Nature of Contracts for Deed
“Nearly all of our contract for deed clients have been people of color,” said Elizabeth Goodell of Mid-Minnesota Legal Aid. Continue Reading Guest Opinion: The Toxic Nature of Contracts for Deed
Beverly Hills Realtor Pleads No Contest to Burglarizing Celebrity Homes
Police said they recovered 2,000 stolen items worth millions of dollars in Ackerman’s home and in a storage unit. Continue Reading Beverly Hills Realtor Pleads No Contest to Burglarizing Celebrity Homes
Indiana Metros Reign in the Latest Emerging Housing Markets Index
The top three metros in the latest index report were in the Hoosier State. Continue Reading Indiana Metros Reign in the Latest Emerging Housing Markets Index
Declines Reported in New Home Sales, Mortgage Application Activity
The purchase index was at “its lowest level in over a month,” said MBA’s Joel Kan. Continue Reading Declines Reported in New Home Sales, Mortgage Application Activity
