U.S. Housing Market
Georgia Senate Passes Bill to Cap Statewide Property Taxes
“We need to protect our homeowners from double-digit increases,” said Sen. Chuck Hufstetler. Continue Reading Georgia Senate Passes Bill to Cap Statewide Property Taxes
Home Values Decline for Sixth Consecutive Month
The monthly mortgage payment on a typical home is now $1,733, which 8.4% less expensive than one year ago. Continue Reading Home Values Decline for Sixth Consecutive Month
Survey: Most Millennials Feel Financially Squeezed Between Homeownership and Retirement Readiness
More than one-third (35%) of millennials citing rising housing costs as the biggest obstacle to their retirement readiness. Continue Reading Survey: Most Millennials Feel Financially Squeezed Between Homeownership and Retirement Readiness
Groundbreaking for $36 Million Mixed-Use Development in South Carolina
The community will include over 650 multifamily units and encompass more than 95 acres of commercial property. Continue Reading Groundbreaking for $36 Million Mixed-Use Development in South Carolina
New 135-Unit Apartment Community Being Built in Twin Cities Metro Area
Pre-leasing is set to begin in fall 2026 with apartments ready for residents by late 2026. Continue Reading New 135-Unit Apartment Community Being Built in Twin Cities Metro Area
Service Restored for Northern California MLS Networks After Cyberattack
An Aug. 8 ransomware attack against data vendor Rapattoni Corp. locked out users of 22 MLSes in California and nationwide. Continue Reading Service Restored for Northern California MLS Networks After Cyberattack
RE/MAX and CCIM Institute in New Partnership
RE/MAX affiliates can now access educational resources at discounted rates through RE/MAX University and the CCIM platform. Continue Reading RE/MAX and CCIM Institute in New Partnership
Zillow: Half of All Homebuyers Are First-Timers
Nearly half of first-time buyers are millennials and about one-quarter are Gen Zers. Continue Reading Zillow: Half of All Homebuyers Are First-Timers
MBA: Purchase Loan Applications at 28-Year Low
The adjustable-rate mortgage share of activity increased to 7.6% of total applications, its highest level in five months. Continue Reading MBA: Purchase Loan Applications at 28-Year Low
Foreclosure Inventory Hits 15-Month Low
Among the states, Mississippi had the highest non-current percentage at 7.65% and Colorado had the lowest with 1.95%. Continue Reading Foreclosure Inventory Hits 15-Month Low
FHLBNY Awards $42 Million for 42 Affordable Housing Initiatives
The funding will result in the creation, rehabilitation or preservation of 2,693 units, including 1,945 units dedicated to very low-income housing. Continue Reading FHLBNY Awards $42 Million for 42 Affordable Housing Initiatives
Alabama Home Sales and Prices Declined in July
Alabama had 12,259 active listings at the end of July, up 9% from the 11,244 one year ago. Continue Reading Alabama Home Sales and Prices Declined in July
Existing Home Sales Down 16.6% From Last Year
The median existing-home price for all housing types in July was $406,700, an increase of 1.9% from the $399,000 one year earlier. Continue Reading Existing Home Sales Down 16.6% From Last Year
Texas Metros Top New Study for Best Real Estate Markets
The WalletHub study ranked five Lone Star localities among its top 10 markets. Continue Reading Texas Metros Top New Study for Best Real Estate Markets
MBA: Loans in Forbearance Account for 0.39% of Servicers’ Portfolio Volume
The states with the lowest share of loans that were current were Louisiana, Mississippi, Indiana, New York, and West Virginia. Continue Reading MBA: Loans in Forbearance Account for 0.39% of Servicers’ Portfolio Volume
