U.S. Housing Market
Top Ranking Democrat Questions Trump’s Proposed Ban on Institutional Investors in Housing Market
Rep. Emanuel Cleaver nonetheless commended the White House for taking a new look at housing issues. Continue Reading Top Ranking Democrat Questions Trump’s Proposed Ban on Institutional Investors in Housing Market
Existing Home Sales Up 5.8% in December
The $405,400 median existing home price for all housing types marked a 0.4% uptick from the $403,700 price set one year before. Continue Reading Existing Home Sales Up 5.8% in December
Hits and Misses for the Real Estate Week of Sept. 29-Oct. 2
Property tax relief gets slow walked in Ohio, HUD weighs in on the government shutdown, and a familiar face returns to lead NAMB. Continue Reading Hits and Misses for the Real Estate Week of Sept. 29-Oct. 2
One in Six Home Sellers Dropped Their Asking Price
The typical home that sold in August went for 3.8% less than its original asking price—the steepest discount for that month since 2019. Continue Reading One in Six Home Sellers Dropped Their Asking Price
Mortgage Rates Rise for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.34% as of Oct. 2. Continue Reading Mortgage Rates Rise for Second Straight Week
California City Repurposes Hotel into Multifamily Complex for Homeless Residents
“Housing stability is vital to the independence of individuals experiencing homelessness,” said Baldwin Park Mayor Emmanuel J. Estrada. Continue Reading California City Repurposes Hotel into Multifamily Complex for Homeless Residents
A Phil Hall Op-Ed: Biden Remembers the Housing Market
At no point in his presidency has Biden made a single speech related to homeownership. Continue Reading A Phil Hall Op-Ed: Biden Remembers the Housing Market
Xome Auction Simulator Teaches Neophyte Investors About Online Real Estate Auctions
Mike Rawls, CEO at Xome, said “Creating this game is a great example of the type of innovations Xome is bringing to the market.” Continue Reading Xome Auction Simulator Teaches Neophyte Investors About Online Real Estate Auctions
First National Bank of Long Island to Offer Home Loans Through Rocket Mortgage
“We are committed to providing innovative ways to best serve our clients,” said Chris Becker, the bank’s president and CEO. Continue Reading First National Bank of Long Island to Offer Home Loans Through Rocket Mortgage
MBA Predicts Increased Mortgage Origination, Mild Recession in 2024
The trade group also predicted purchase originations will increase 11% to $1.47 trillion next year. Continue Reading MBA Predicts Increased Mortgage Origination, Mild Recession in 2024
Philadelphia Fed Chief: ‘We Can Hold Rates Where They Are’
“I’m telling you something you already know: the rate of inflation in housing prices is similarly down from its peak levels,” he said. Continue Reading Philadelphia Fed Chief: ‘We Can Hold Rates Where They Are’
Navy Federal Credit Union Wins MBA’s Residential Educator Award
Navy Federal Credit Union is the world’s largest credit union with $165.2 billion in assets and 13 million members. Continue Reading Navy Federal Credit Union Wins MBA’s Residential Educator Award
MBA Chief Broeksmit to Housing Industry: ‘Washington, D.C. is Fighting Against You’
“This madness must stop before it’s too late,” he said. Continue Reading MBA Chief Broeksmit to Housing Industry: ‘Washington, D.C. is Fighting Against You’
Hits and Misses for the Real Estate Week of Oct. 9-13
Rising mortgage rates, rising foreclosure rates, and Bad Bunny’s rather pricey rental unit. Continue Reading Hits and Misses for the Real Estate Week of Oct. 9-13
HUD Allocates $212 Million to Expand Housing for Very-Low Income People with Disabilities
“This funding is a small but important part of HUD’s overall commitment to meeting the housing needs of all communities,” said HUD’s Ethan Handelman. Continue Reading HUD Allocates $212 Million to Expand Housing for Very-Low Income People with Disabilities
