U.S. Housing Market
FHFA’s Pulte Demands Home Builders ‘Start Building Out Their Lot Supply’
Pulte also resumed his online attacks on the Federal Reserve chairman with a post that said, “Jerome Powell should resign, immediately.” Continue Reading FHFA’s Pulte Demands Home Builders ‘Start Building Out Their Lot Supply’
Apartment Rents Up by Scant 0.1% in December
This mild uptick reversed the previous five consecutive month trend of flat or negative monthly rent change. Continue Reading Apartment Rents Up by Scant 0.1% in December
New York State Inventory Rises, But Home Sales Continue to Decline
Median prices across New York State reached $460,000 last month. Continue Reading New York State Inventory Rises, But Home Sales Continue to Decline
Mortgage Rates Inch Up Slightly
The 30-year fixed-rate mortgage averaged 6.30% as of Sept. 25, up from last week when it averaged 6.26%. Continue Reading Mortgage Rates Inch Up Slightly
Existing Home Sales Remain Flat
“Home sales have been sluggish over the past few years due to elevated mortgage rates and limited inventory,” said NAR Chief Economist Lawrence Yun. Continue Reading Existing Home Sales Remain Flat
Teachers Federal Credit Union Now Offering VA Loans
“It is our honor to serve those who serve our country,” said Brad Calhoun, president and CEO. Continue Reading Teachers Federal Credit Union Now Offering VA Loans
Revnest, a Marketplace for Vacation Rental Properties, Goes Live
Revnest offers its free listing service for sellers and agents. Continue Reading Revnest, a Marketplace for Vacation Rental Properties, Goes Live
Florida Existing Home Sales Down in August
Last month’s statewide median sales price for single-family existing homes in Florida was $415,000, up 2% year-over-year. Continue Reading Florida Existing Home Sales Down in August
Mortgage Rates Flat, But Still Above 7%
“Given these high rates, housing demand is cooling off and now homebuilders are feeling the effect,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Flat, But Still Above 7%
Renting is Less Costly Than Home Buying 47 of the Top 50 Metros
“We expect more households will remain renters for longer,” said Realtor.com’s Danielle Hale. Continue Reading Renting is Less Costly Than Home Buying 47 of the Top 50 Metros
Fewer Homes Being Flipped
These transactions represented 8% the second quarter’s home sales. Continue Reading Fewer Homes Being Flipped
Existing Home Sales Drop While Prices Keep Rising
The median existing-home price for all housing types in August was $407,100, an increase of 3.9% from the $391,700 in August 2022. Continue Reading Existing Home Sales Drop While Prices Keep Rising
Mortgage Applications Up 5.4%
“Mortgage applications increased last week, despite the 30-year fixed mortgage rate edging back up to 7.31%,” said MBA’s Joel Kan. Continue Reading Mortgage Applications Up 5.4%
RE/MAX: August Home Sales Up 7.4% From July
“Buyers should be pleased to see the slow but ongoing ramp-up in available listings, regardless of comparisons to a year ago,” says RE/MAX President and CEO Nick Bailey. Continue Reading RE/MAX: August Home Sales Up 7.4% From July
CFPB Issues Guidance on How Lenders Can Use AI Tools
CFPB Director Rohit Chopra said misuse of AI was “growing the list of potential reasons for why credit is denied.” Continue Reading CFPB Issues Guidance on How Lenders Can Use AI Tools
