U.S. Housing Market
Massachusetts to Study Building Code Change to Enable More Housing Construction
The advisory group will include fire and public safety services professionals, building officials, architectural experts, and accessibility advocates. Continue Reading Massachusetts to Study Building Code Change to Enable More Housing Construction
Japan’s Sumitomo Forestry Acquires Tri Pointe Homes for $4.5 Billion
Tri Pointe Homes will continue as a wholly owned subsidiary of Sumitomo Forestry America Inc. Continue Reading Japan’s Sumitomo Forestry Acquires Tri Pointe Homes for $4.5 Billion
Q3 Home Prices Up in 77% of Metro Markets
Eight of the 10 most expensive markets were in California, led by the San Jose-Sunnyvale-Santa Clara metro at $1.9 million, up by 0.8% from one year earlier. Continue Reading Q3 Home Prices Up in 77% of Metro Markets
Report: Increasing Number of VA Loans Being Used in Homebuying
Nationwide, the number of VA loans rose 3% year-over-year in August, while the number of conventional loans declined 9%. Continue Reading Report: Increasing Number of VA Loans Being Used in Homebuying
Greystar Begins Pre-Leasing at New Pennsylvania Apartment Community
Community amenities include a resident lounge, fitness center, heated swimming pool, dog park, and EV charging. Continue Reading Greystar Begins Pre-Leasing at New Pennsylvania Apartment Community
Hits and Misses for the Real Estate Week of Oct. 16-20
A Chinese agtech company is kicked out of Arkansas, a Fed officer feels your pain and a wild new building becomes a Las Vegas landmark. Continue Reading Hits and Misses for the Real Estate Week of Oct. 16-20
Q3 Home Prices in Texas Down 1.5% From One Year Earlier
Active listings increased 15.2% in the third quarter compared to the same period in the previous year. Continue Reading Q3 Home Prices in Texas Down 1.5% From One Year Earlier
New York State Home Sales Down 22.5%
nventory of homes for sale dropped 24% across the state, from 38,082 homes in September 2022 to just 28,943 units available last month. Continue Reading New York State Home Sales Down 22.5%
Need to Give a Wedding Present? How About ‘Home Funds’?
“Home funds were one of the most popular wedding registry cash funds on The Knot in 2022,” said Esther Lee, deputy editor of The Knot. Continue Reading Need to Give a Wedding Present? How About ‘Home Funds’?
Prefab Housing Provider Connect Homes to Open Arizona Factory
The factory will be capable of manufacturing up to 5,000 square feet of housing per week. Continue Reading Prefab Housing Provider Connect Homes to Open Arizona Factory
Profit Margins on Home Sales Up During Q3
This represented the second straight quarterly increase following several declines. Continue Reading Profit Margins on Home Sales Up During Q3
Ameris Bank in $9 Million Settlement Over Redlining Charges
“We strongly disagree with any suggestion that we have engaged in discriminatory conduct,” said Palmer Proctor, CEO of Ameris. Continue Reading Ameris Bank in $9 Million Settlement Over Redlining Charges
Mortgage Rates Surge Higher (Again)
“Mortgage rates continued to approach 8% this week, further impacting affordability,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Surge Higher (Again)
Pennsylvania Home Sales Down 21% Year-Over-Year
The median home sale price decreased for the third month in a row, down 3% from August to $216,249 in September. Continue Reading Pennsylvania Home Sales Down 21% Year-Over-Year
Florida Home Sales and Prices Begin to Stabilize
In September, the statewide median sales price for single-family existing homes was $409,243. Continue Reading Florida Home Sales and Prices Begin to Stabilize
