U.S. Housing Market
Homeowner Affordability Improves Slightly in California
More California households (28%) could afford a typical condo/townhome in the fourth quarter, rising from 27% in the prior quarter and from 25% one year before. Continue Reading Homeowner Affordability Improves Slightly in California
Mortgage Application Activity Remains Flat as Credit Availability Increases
The FHA share of total applications increased to 18.4% from 17.8% the week prior. Continue Reading Mortgage Application Activity Remains Flat as Credit Availability Increases
Aivre Secures UAD 3.6 Verification from Fannie Mae and Freddie Mac
“This is a watershed moment for the appraisal industry,” said Jake Lew, CEO of Aivre. Continue Reading Aivre Secures UAD 3.6 Verification from Fannie Mae and Freddie Mac
Report: Most Affordable Housing in NYC Built in 10 of 51 Council Districts
Sections of Brooklyn, Queens, and Staten Island turned into “no-go zones” for multifamily affordable housing. Continue Reading Report: Most Affordable Housing in NYC Built in 10 of 51 Council Districts
$60,000 FHLBank Dallas Grant to Support Affordable Housing Initiatives in New Orleans
The PGP offers up to a 5:1 match of member contributions up to $25,000 per FHLBank Dallas member. Continue Reading $60,000 FHLBank Dallas Grant to Support Affordable Housing Initiatives in New Orleans
Mortgage Application Activity Declines Again
Both the seasonally adjusted and the unadjusted Purchase Index dropped 2% from one week earlier. Continue Reading Mortgage Application Activity Declines Again
Fannie Mae Launches Spanish-Language Program for Hispanic Homebuyers
“We’re committed to a future where everyone has fair access to sustainable housing,” said Fannie Mae CEO Priscilla Almodovar. Continue Reading Fannie Mae Launches Spanish-Language Program for Hispanic Homebuyers
Realtor.com Unveils Renovation Calculator for Homeowners Planning Property Upgrades
Users are presented with estimated renovation costs and the potential increase in their home value. Continue Reading Realtor.com Unveils Renovation Calculator for Homeowners Planning Property Upgrades
Christie’s Opens Office in Park City, Utah
The founding agents recorded more than $340 million in closed transaction volume in 2022. Continue Reading Christie’s Opens Office in Park City, Utah
26% of US Homebuyers Seeking to Relocate Elsewhere in the Nation
he California capital of Sacramento is the most popular destination for relocating homebuyers. Continue Reading 26% of US Homebuyers Seeking to Relocate Elsewhere in the Nation
US Housing Market Value Up 49% from the Start of the Pandemic
The housing market’s total value is slightly less than $52 trillion. Continue Reading US Housing Market Value Up 49% from the Start of the Pandemic
Fewer Homes Being Sold, Albeit with Higher Prices
The median sales price of new houses sold last month was $430,300 while the average sales price was $514,000. Continue Reading Fewer Homes Being Sold, Albeit with Higher Prices
A Phil Hall Op-Ed: Addressing New York City’s Housing Problem
There is no consensus on what “affordable” means for New Yorkers. Continue Reading A Phil Hall Op-Ed: Addressing New York City’s Housing Problem
$38.5 Million Construction Loan Closed for Brooklyn Apartment Project
The final project will be completed by the summer of 2025. Continue Reading $38.5 Million Construction Loan Closed for Brooklyn Apartment Project
New Study Finds Affordable Homeownership Sinking to Three-Decade Low
Chief Economist Mark Fleming noted that of the “top 50 markets tracked, 24 markets were overvalued in July.” Continue Reading New Study Finds Affordable Homeownership Sinking to Three-Decade Low
