U.S. Housing Market
Drop in Pennsylvania Home Sales and Prices Blamed on Severe Winter Weather
Last month, Pennsylvania home sales decreased to 4,560, down 45% from December and down nearly 36% year-over-year. Continue Reading Drop in Pennsylvania Home Sales and Prices Blamed on Severe Winter Weather
New York State Home Sales Declined 7.5% in January
The statewide median sales price rose 7.2% year-over-year to $445,000. Continue Reading New York State Home Sales Declined 7.5% in January
Zillow and Esusu Offer CreditClimb, a Credit-Building Tool for Renters
Enrollment in the CreditClimb service costs $20 per year. Continue Reading Zillow and Esusu Offer CreditClimb, a Credit-Building Tool for Renters
What Role Does Thanksgiving Play in Homebuying?
Gen Z stands out as the only group tilting toward an extra bathroom (48%) over an extra bedroom (39%). Continue Reading What Role Does Thanksgiving Play in Homebuying?
Mortgage Application Activity Tumbles by 5.2%
The FHA share of total applications increased to 19.9% from 19.4% the week prior. Continue Reading Mortgage Application Activity Tumbles by 5.2%
Stephen Sondheim’s NYC Townhome Sells for $7 Million Asking Price
Two offers were made on the property since it was listed last July. Continue Reading Stephen Sondheim’s NYC Townhome Sells for $7 Million Asking Price
Mortgage Rates Down for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 7.22% as of Nov. 30, down from last week when it averaged 7.29%. Continue Reading Mortgage Rates Down for Fifth Straight Week
FHA Proposes Changes to 203(k) Program
Feedback is being welcomed via the FHA’s website through Jan. 5, 2024. Continue Reading FHA Proposes Changes to 203(k) Program
Zillow Predicts Some Easing in Inventory and Affordability for 2024 Housing Market
Zillow predicts the cost of home buying to “level off next year, with the possibility of costs falling if mortgage rates do.” Continue Reading Zillow Predicts Some Easing in Inventory and Affordability for 2024 Housing Market
Ground Breaking on New DC-Area Apartment Complex
The first units are projected to deliver in the fourth quarter of 2025, with final completion in early 2026. Continue Reading Ground Breaking on New DC-Area Apartment Complex
Q3 Mortgage Originations Down 3% From Previous Quarter
On a year-over-year basis, originations were down by 26% from the third quarter of 2022. Continue Reading Q3 Mortgage Originations Down 3% From Previous Quarter
Pending Home Sales at Historic Low Level
“Home sales are rising in places where more inventory is available,” said NAR’s Lawrence Yun. Continue Reading Pending Home Sales at Historic Low Level
New Documentary Series ‘L.O. Confidential’ Focuses on Mortgage Originators
The Fairway Independent Mortgage Corp. production is now on YouTube. Continue Reading New Documentary Series ‘L.O. Confidential’ Focuses on Mortgage Originators
BMO Expands Welcome Home Grant Program to California
“The Welcome Home Grant program removes barriers to homeownership for low- to moderate-income and minority communities,” said BMO Vice Chairman Eric Smith. Continue Reading BMO Expands Welcome Home Grant Program to California
JZZ Technologies Closes Acquisition of Oxygen Mortgage
“I couldn’t be any more excited about joining with JZZ Technologies,” said Oxygen Mortgage President and CEO Rob Egeland. Continue Reading JZZ Technologies Closes Acquisition of Oxygen Mortgage
