U.S. Housing Market
HUD Proposes Rule to Force Noncitizens Out of Public Housing
“HUD’s proposed rule will guarantee that all residents in HUD-funded housing are eligible tenants,” said Secretary Scott Turner. Continue Reading HUD Proposes Rule to Force Noncitizens Out of Public Housing
30-Year Fixed-Rate Mortgage Sinks to 6.01%
A year ago at this time, it averaged 6.85%. Continue Reading 30-Year Fixed-Rate Mortgage Sinks to 6.01%
Builder Confidence Remains Flat
41% of builders were cutting prices in November, a record high in the post-Covid period and the first time this measure has passed 40%. Continue Reading Builder Confidence Remains Flat
Minnesota Property Taxes Could Rise by $1 Billion in 2026
Final property taxes will be determined by the end of the year, and it would be the highest increase of this decade if it holds. Continue Reading Minnesota Property Taxes Could Rise by $1 Billion in 2026
Report: Chicago Property Taxes See Largest Hike in 30 Years
The city is offering an installment plan with interest for homeowners who are unable to pay their total property tax bill at one time. Continue Reading Report: Chicago Property Taxes See Largest Hike in 30 Years
Hits and Misses for the Real Estate Week of Nov. 20-24
This week’s Hits and Misses considers seller confusion on agent commissions, New York City’s newest hotel and a San Francisco landmark being prepped for flooding in 2100. Continue Reading Hits and Misses for the Real Estate Week of Nov. 20-24
Guest Opinion: The Richmond Fed and the Housing Challenge
In 2022, construction costs were three-fifths of the average sales price for a new single-family home. Continue Reading Guest Opinion: The Richmond Fed and the Housing Challenge
Tunnel to Towers Launches Fifth Annual Season of Hope Campaign
The foundation is planning to deliver more than 200 mortgage-free homes to families across its programs. Continue Reading Tunnel to Towers Launches Fifth Annual Season of Hope Campaign
Florida Home Sales Down While Prices Seesaw Up
Florida had a 3.5-month supply of single-family existing homes in October, up 29.6% year-over-year. Continue Reading Florida Home Sales Down While Prices Seesaw Up
New York State Home Sales Down for 26th Consecutive Month
The inventory of homes for sale across New York was down 21.4% from one year ago. Continue Reading New York State Home Sales Down for 26th Consecutive Month
Mortgage Application Activity at Highest Level in Six Weeks
The refinance share of mortgage activity increased to 32.4% of total applications from 31.9% in the previous week. Continue Reading Mortgage Application Activity at Highest Level in Six Weeks
Survey: 42% of Sellers Didn’t Know They Pay the Buyer’s Agent’s Commission
72% of sellers who worked with an agent believed a good agent was worth every penny of their commission. Continue Reading Survey: 42% of Sellers Didn’t Know They Pay the Buyer’s Agent’s Commission
Existing Home Sales Down in October
NAR reported the median existing-home price for all housing types in October was $391,800. Continue Reading Existing Home Sales Down in October
ATTOM Names Ned Stringham as Chairman of the Board of Directors
ATTOM also announced the promotions of Ana Flor to chief people officer and Kara Taylor to chief marketing officer. Continue Reading ATTOM Names Ned Stringham as Chairman of the Board of Directors
RE/MAX and Anywhere Real Estate Receive Preliminary Approval for Lawsuit Settlements
“We are pleased with the court’s decision to grant preliminary approval of the settlement,” said Nick Bailey, president and CEO of RE/MAX LLC. Continue Reading RE/MAX and Anywhere Real Estate Receive Preliminary Approval for Lawsuit Settlements
