U.S. Housing Market
Maryland to See Average Increase of 12.7% on Property Tax Assessments
All 23 counties and Baltimore City will see increases in property values. Continue Reading Maryland to See Average Increase of 12.7% on Property Tax Assessments
Mamdani Focuses on Housing During First Day as NYC Mayor
Mamdani also signed an executive order revoking all orders issued by former Mayor Eric Adams following his indictment in September 2024 on federal corruption charges. Continue Reading Mamdani Focuses on Housing During First Day as NYC Mayor
Refinancing Action Fuels 30% Surge in Mortgage Application Activity
The Refinance Index ascended by 58% from the previous week and was 70% higher than the same week one year ago. Continue Reading Refinancing Action Fuels 30% Surge in Mortgage Application Activity
Single-Family Housing Starts Down by 7%
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1.30 million, an 8.5% decline from the revised July estimate of 1.42 million. Continue Reading Single-Family Housing Starts Down by 7%
Congressional Real Estate Caucus Introduces Bill to Address Housing Affordability
“Homeownership is a vital part of achieving the American Dream,” said Rep. Mark Alford (R-MO), co-chairman of the Congressional Real Estate Caucus. Continue Reading Congressional Real Estate Caucus Introduces Bill to Address Housing Affordability
CFPB Penalizes Freedom Mortgage and Realty Connect for Kickback Scheme
CFPB Director Rohit Chopra said his agency “will be vigilant in rooting out anti-competitive behavior that interferes with consumers’ ability to choose financial products and services.” Continue Reading CFPB Penalizes Freedom Mortgage and Realty Connect for Kickback Scheme
Mortgage Rates Top 7%, Highest Level in Over 20 Years
The 30-year fixed-rate mortgage averaged 5.13% one year ago. Continue Reading Mortgage Rates Top 7%, Highest Level in Over 20 Years
New Construction Accounts for One-Third of Listed Single-Family Homes
The portion of new homes within the total inventory is nearly double the pre-pandemic share of about 17% in the second quarter of 2019. Continue Reading New Construction Accounts for One-Third of Listed Single-Family Homes
California Home Prices Record First Year-Over-Year Uptick Since October
The statewide median price was $832,340 last month, a scant 0.2% uptick from a revised $830,870 one year ago. Continue Reading California Home Prices Record First Year-Over-Year Uptick Since October
Bill On Broker Payments Creates Political Scuffle in NYC Council
The Real Estate Board of New York reportedly influenced a council member to block the bill from receiving a committee vote. Continue Reading Bill On Broker Payments Creates Political Scuffle in NYC Council
Movement Mortgage Taps Andrew Chevalier As Market Leader
He will be focused on expanding the company’s presence in the Illinois and Wisconsin markets. Continue Reading Movement Mortgage Taps Andrew Chevalier As Market Leader
Condo In NYC’s Billionaires’ Row Sells For Roughly $80 Million
The apartment was last purchased in 2020 for $65.59 million. Continue Reading Condo In NYC’s Billionaires’ Row Sells For Roughly $80 Million
Mortgage Application Activity Takes A Dive
“The ARM share of applications rose slightly to 7%, the highest since April 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Takes A Dive
Single-Family Housing Starts Up 6.7%
Single‐family authorizations in July were at a rate of 930,000, a 0.6% uptick from the revised June figure of 924,000. Continue Reading Single-Family Housing Starts Up 6.7%
Realtors Relief Fund Donates $1.5 Million to Maui Rebuilding
State officials are warning Maui residents of predatory buyers seeking to purchase homes from distressed owners. Continue Reading Realtors Relief Fund Donates $1.5 Million to Maui Rebuilding
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