U.S. Housing Market
An Open Letter to America’s Real Estate Professionals: The Future of Homeownership Demands Our Leadership
Weekly Real Estate News’ publisher calls for a new emphasis on leadership in the real estate profession. Continue Reading An Open Letter to America’s Real Estate Professionals: The Future of Homeownership Demands Our Leadership
Hits and Misses for the Real Estate Week of Sept. 22-26
Fewer homes on the market, a stalled wind energy project gets reanimated, and an ancient Roman stadium is unearthed. Continue Reading Hits and Misses for the Real Estate Week of Sept. 22-26
Report: More Millionaires Are Favoring Rental Housing Over Homeownership
Southern metro areas have seen the most significant growth in wealthy renters. Continue Reading Report: More Millionaires Are Favoring Rental Housing Over Homeownership
Mortgage Application Activity Slows for Third Straight Week
Among the federal programs, the FHA share of total applications increased to 18.7% from 17.9% the week prior. Continue Reading Mortgage Application Activity Slows for Third Straight Week
Richmond American Homes to Build New Community in Jacksonville
Laurelton will feature single- and two-story homes priced from the $400,000s. Continue Reading Richmond American Homes to Build New Community in Jacksonville
Case-Shiller: Home Prices Up in February
Before seasonal adjustment, the U.S. National Index posted a 0.2% month-over-month increase in February. Continue Reading Case-Shiller: Home Prices Up in February
Sheriff’s Office to Conduct Oklahoma’s First Online Foreclosure Auction
The Sheriff’s Office in Osage County has selected Bid4Assets to host the auction. Continue Reading Sheriff’s Office to Conduct Oklahoma’s First Online Foreclosure Auction
Florida Home Sales Down While Prices Remain Elevated
“Buyers in Florida remain challenged by mortgage rates above 6% and economic pressures like inflation,” observed 2023 Florida Realtors President G. Mike McGraw. Continue Reading Florida Home Sales Down While Prices Remain Elevated
Home Construction Collective Launches Real Estate Investing Platform
“Millions of people need homes that do not exist, and real solutions are scant,” said Co-Founder and CEO Isaac Lidsky, Continue Reading Home Construction Collective Launches Real Estate Investing Platform
Real Estate Investors Taking a Loss in Current Home Selling
Redfin observed that investors owned 10.1% of new listings on the market as of December. Continue Reading Real Estate Investors Taking a Loss in Current Home Selling
Mortgage Delinquencies at Record Low
Every state recorded lower delinquency levels in March, ranging from 11.9% in Washington to 21.5% in Vermont. Continue Reading Mortgage Delinquencies at Record Low
Redfin: One-Third of 25-Year-Olds are Homeowners
The typical mortgage rate for homebuyers under 25 using a conventional loan was 3.3% in 2020 and 3.1% in 2021. Continue Reading Redfin: One-Third of 25-Year-Olds are Homeowners
Tight Inventory Drives Down New York State Home Sales
The state has not recorded a year-over-year increase in housing inventory since October 2019. Continue Reading Tight Inventory Drives Down New York State Home Sales
Mortgage Rates on the Rise Again
“For the first time in over a month, mortgage rates moved up due to shifting market expectations,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates on the Rise Again
Existing Home Sales Down 22% from Last Year
First-time buyers were responsible for 28% of sales in March. Continue Reading Existing Home Sales Down 22% from Last Year
