U.S. Housing Market
New Bill Would Allow Homebuyers to Put Unused College Savings Toward a Down Payment
The bill has been referred to the House Committee on Ways and Means for consideration. Continue Reading New Bill Would Allow Homebuyers to Put Unused College Savings Toward a Down Payment
New Jersey’s $10,570 Average Property Tax Bill Hits Record High
Only 21 New Jersey towns recorded no change or a decrease in their property tax bills. Continue Reading New Jersey’s $10,570 Average Property Tax Bill Hits Record High
Mortgage Rates Drop for Fourth Straight Week
The 30-year fixed-rate mortgage averaged 6.17% as of Oct. 30. Continue Reading Mortgage Rates Drop for Fourth Straight Week
National Vacancy and Zombie Foreclosure Rates Decline
The number of zombie properties rose quarter-over-quarter in 21 states and the District of Columbia. Continue Reading National Vacancy and Zombie Foreclosure Rates Decline
Median Monthly Housing Payment in Biggest Decline Since Last November
Redfin attributed the lower payment level to declining mortgage rates. Continue Reading Median Monthly Housing Payment in Biggest Decline Since Last November
Florida is Home to 7 of the 10 Most Overvalued Housing Markets
The Cape Coral metro is the most overvalued housing market, with buyers paying a 47.99% premium on the typical home. Continue Reading Florida is Home to 7 of the 10 Most Overvalued Housing Markets
Sunstone Two Tree to Build Three BTR Communities in Phoenix Metro Area
Sunstone Two Tree now has nine BTR communities totaling close to 1,500 units in various stages of development in Arizona. Continue Reading Sunstone Two Tree to Build Three BTR Communities in Phoenix Metro Area
Mortgage Rates at Highest Peak in Almost 23 Years
The 30-year fixed-rate mortgage averaged 7.31% as of Sept. 28, up from last week when it averaged 7.19%. Continue Reading Mortgage Rates at Highest Peak in Almost 23 Years
Three Frank Lloyd Wright Homes Now Listed for Sale
Two homes are being sold together in Michigan and the third is in Milwaukee. Continue Reading Three Frank Lloyd Wright Homes Now Listed for Sale
San Francisco Building Inspector Investigating ‘Sleeping Pods’ Start-Up
Brownstone Shared Housing has similar properties in the California cities Palo Alto, San Jose and Bakersfield. Continue Reading San Francisco Building Inspector Investigating ‘Sleeping Pods’ Start-Up
ATTOM: Affordable Homeownership Opportunities Continued to Evaporate During Q3
“The dynamics influencing the U.S. housing market appear to continuously work against everyday Americans,” said ATTOM CEO Rob Barber. Continue Reading ATTOM: Affordable Homeownership Opportunities Continued to Evaporate During Q3
Fewer Pending Home Sales During August
“Mortgage rates have been rising above 7% since August, which has diminished the pool of home buyers,” said Lawrence Yun, NAR chief economist. Continue Reading Fewer Pending Home Sales During August
Now Listed: Train Caboose in the Georgia Woods, $42K, No Utilities or Running Water
What do you get for your money? Well, to be frank, not a great deal. Continue Reading Now Listed: Train Caboose in the Georgia Woods, $42K, No Utilities or Running Water
Guest Opinion: Putting a New Effort into Expanding the Housing Supply
Housing affordability has become increasingly urgent for many Americans over the past decade due to insufficient production and rising demand. Continue Reading Guest Opinion: Putting a New Effort into Expanding the Housing Supply
CFPB Mortgage Report: Higher Closing Costs, More Denials for Insufficient Income
Average monthly mortgage payments increased more than 46% last year, from $1,400 in December 2021 to $2,045 in December 2022. Continue Reading CFPB Mortgage Report: Higher Closing Costs, More Denials for Insufficient Income
