U.S. Housing Market
Mortgage Application Activity Slows Again
The FHA share of total applications increased to 20.5% from 18.5% the week prior while the VA share of total applications dropped to 14.9% from 16.3%. Continue Reading Mortgage Application Activity Slows Again
William Holden’s Palm Springs Estate Listed for $11 Million
The property, which was listed as a historic site by the City of Palm Springs in 2018, last sold in 2017 for $3.4 million. Continue Reading William Holden’s Palm Springs Estate Listed for $11 Million
Report: Affordable Homeownership Remains Mostly Elusive
California had 16 of the 25 counties where affordable homeownership requires the highest annual income. Continue Reading Report: Affordable Homeownership Remains Mostly Elusive
Pending Home Sales Up in May
“Consistent job gains and rising wages are modestly helping the housing market,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Up in May
FHFA Orders Review for Using Cryptocurrencies in Mortgage Market
No deadline was set, but Pulte asked that the directive “should be implemented as soon as reasonably practical.” Continue Reading FHFA Orders Review for Using Cryptocurrencies in Mortgage Market
Stephen Sondheim’s Manhattan Townhome Listed for $7 Million
The property was built in 1899 and served as Sondheim’s home since 1959. Continue Reading Stephen Sondheim’s Manhattan Townhome Listed for $7 Million
MBA: Mortgage Application Activity Up Slightly
The MBA also reported a scant 0.1% rise in its Mortgage Credit Availability Index for June, to a level of 96.6. Continue Reading MBA: Mortgage Application Activity Up Slightly
Zillow: Home Values at New Record High
Housing inventory was up 2.4% from May to June but was 28% lower on a year-over-year measurement. Continue Reading Zillow: Home Values at New Record High
CrossCountry Mortgage Creates New SVP Position Focused on Affordable Homeownership
Separately, CCM’s promoted Glen Lemeshev to chief revenue officer. Continue Reading CrossCountry Mortgage Creates New SVP Position Focused on Affordable Homeownership
The Best and Worst Cities for Rental Housing Are…
Cheyenne, Wyoming, has the lowest median annual gross rent divided by median annual household income at 15.39%. Continue Reading The Best and Worst Cities for Rental Housing Are…
Realtors: Lack of Housing Inventory is Main Reason Buyers Are Not Buying
The median gross income for realtors increased to $56,400 in 2022, up from $54,300 in 2021. Continue Reading Realtors: Lack of Housing Inventory is Main Reason Buyers Are Not Buying
CoreLogic: Annual Home Price Growth at Lowest Rate in 11 Years
Miami posted the highest year-over-year home price increase of the country’s 20 tracked metro areas in May at 11.8%. Continue Reading CoreLogic: Annual Home Price Growth at Lowest Rate in 11 Years
A Phil Hall Op-Ed: Is TikTok the Right Platform for Real Estate Sales?
It doesn’t help that nearly all of the media coverage of TikTok-based real estate professionals highlights extraordinary success stories. Continue Reading A Phil Hall Op-Ed: Is TikTok the Right Platform for Real Estate Sales?
Black Knight’s Home Price Index Hits New Record High
“There is no doubt that the housing market has reignited from a home price perspective,” said Black Knight Vice President of Enterprise Research Andy Walden. Continue Reading Black Knight’s Home Price Index Hits New Record High
Treasury Dept.’s Homeowner Assistance Fund Distributed $1.2 Billion in Q1
Demographically, 35% of homeowners assisted self-identified as Black, 23% self-identified as Hispanic/Latino and 59% self-identified as female. Continue Reading Treasury Dept.’s Homeowner Assistance Fund Distributed $1.2 Billion in Q1
