U.S. Housing Market
Q3 Home Sales Profits Near 50% Margin
The median national sales price in the third quarter was $370,000. Continue Reading Q3 Home Sales Profits Near 50% Margin
NYC Median Rent Up 5.4% from Last Year
Smaller apartments recorded the greatest rent gains with a 6.0% year-over-year spike to $3,581, Continue Reading NYC Median Rent Up 5.4% from Last Year
Florida Gov. DeSantis Vetoes Bill for $1 Million Study on Ending Property Tax
“We know what needs to be done, so let’s just do it,” said DeSantis. “And we will do it.” Continue Reading Florida Gov. DeSantis Vetoes Bill for $1 Million Study on Ending Property Tax
Socialist NYC Mayoral Candidate Mamdani Seeks Property Tax Hikes in ‘Richer and Whiter Neighborhoods’
He claimed “I don’t think that we should have billionaires” because of perceived income inequality gaps. Continue Reading Socialist NYC Mayoral Candidate Mamdani Seeks Property Tax Hikes in ‘Richer and Whiter Neighborhoods’
Sen. Tim Sheehy Lists Montana Estate for $10.25 Million
The property, called Bird Point, is located along 2,400 feet of protected shoreline and encompasses three residences. Continue Reading Sen. Tim Sheehy Lists Montana Estate for $10.25 Million
NAR: Existing Home Sales Down in June
The median existing-home price for all housing types in June was $410,200, the second-highest price of all time. Continue Reading NAR: Existing Home Sales Down in June
Q2 Profit Margins on Home Sales Reach Nearly 48%
ATTOM CEO Rob Barber said seller profits were “back up to nearly their highest level in the past decade.” Continue Reading Q2 Profit Margins on Home Sales Reach Nearly 48%
New York State’s Housing Market Remains Weak
Closed sales totaled 10,186 last month, down 22.2% from the 13,095 sales in June 2022. Continue Reading New York State’s Housing Market Remains Weak
Texas Q2 Median Home Price Down 3.1%
The second quarter saw fewer closed sales – 96,541, a 10.8% year-over-year decline. Continue Reading Texas Q2 Median Home Price Down 3.1%
Timothy Saunders Named Chief Legal Officer at Angel Oak Companies
He was previously general counsel and chief compliance officer at Reverence Capital Partners. Continue Reading Timothy Saunders Named Chief Legal Officer at Angel Oak Companies
Redfin: 1% of US Homes Changed Hands Year-to-Date
“The typical home is selling for about 40% more than before the pandemic,” said Chief Economist Taylor Marr. Continue Reading Redfin: 1% of US Homes Changed Hands Year-to-Date
Refinancing Fuels Uptick in Mortgage Application Activity
According to MBA’s estimate, 220,000 homeowners are in forbearance plans. Continue Reading Refinancing Fuels Uptick in Mortgage Application Activity
Housing Starts Down During June
Single‐family authorizations in June were at a rate of 922,000, up 2.2% from the revised May figure of 902,000. Continue Reading Housing Starts Down During June
Builder Confidence Up for Seventh Straight Month
Only 22% of builders reported cutting prices in July, down from 25% in June and 27% in May. Continue Reading Builder Confidence Up for Seventh Straight Month
The Best and Worst Cities for First-Time Home Buyers Are…
Honolulu has the lowest real estate tax rate at 0.30%, while the highest is in Waterbury, Connecticut, at 3.59%. Continue Reading The Best and Worst Cities for First-Time Home Buyers Are…
