U.S. Housing Market
Toll Brothers Opens Model Home for New Luxury Community in Arizona
Homes are priced from $2.5 million. Continue Reading Toll Brothers Opens Model Home for New Luxury Community in Arizona
New York State Inventory Rises, But Home Sales Continue to Decline
Median prices across New York State reached $460,000 last month. Continue Reading New York State Inventory Rises, But Home Sales Continue to Decline
NAR’s Chief Economist: ‘Housing Market Remains Very Difficult at the Moment’
“Mortgage rates are the magic bullet, and we’re waiting and waiting until those come down,” said Lawrence Yun. Continue Reading NAR’s Chief Economist: ‘Housing Market Remains Very Difficult at the Moment’
Utah’s Largest Mansion Goes Up for Auction This Week
The residence includes a dining room table that can seat up to 42 people and a home theater that can accommodate up to 62 movie lovers. Continue Reading Utah’s Largest Mansion Goes Up for Auction This Week
North Carolina’s Wake County Votes to Raise Property Taxes, Cut Affordable Housing
The county’s budget includes pay raises from 1% to 3.5% for 5,000 public employees. Continue Reading North Carolina’s Wake County Votes to Raise Property Taxes, Cut Affordable Housing
Report: IMBs Outpace Banks for Lending in LMI and Minority Areas
CRA was implemented in 1977 in response to decades of redlining practices by banks and thrifts. Continue Reading Report: IMBs Outpace Banks for Lending in LMI and Minority Areas
FDIC Auctions Mortgage-Backed Bonds from Failed Banks
Another auction is planned for next week, with the FDIC seeking to sell about $660 million of lower-rated bonds. Continue Reading FDIC Auctions Mortgage-Backed Bonds from Failed Banks
Guild Mortgage Adds 8 California Branches From Fairway Independent Mortgage
John Lowe, formerly senior vice president and division manager at Fairway, has been named district manager of the new district. Continue Reading Guild Mortgage Adds 8 California Branches From Fairway Independent Mortgage
Foreclosure Activity Up 22% Year-Over-Year
Nationwide, one in every 1,459 housing units had a foreclosure filing in the first quarter. Continue Reading Foreclosure Activity Up 22% Year-Over-Year
MBA: Mortgage Application Activity Down 8.8%
The refinance share of mortgage activity inched up to 27.6%. Continue Reading MBA: Mortgage Application Activity Down 8.8%
California Median Home Price Up For First Time in Seven Months
All but one of the 51 counties tracked by CAR experienced a sales drop from a year ago in March. Continue Reading California Median Home Price Up For First Time in Seven Months
Most Millennials and Gen Zers Believe a Lottery Win is Their Only Key to Affording a Home
Roughly two-thirds of the Gen Zers and millennials surveyed they will eventually get a home. Continue Reading Most Millennials and Gen Zers Believe a Lottery Win is Their Only Key to Affording a Home
Redfin: Median Home Price in Greatest Year-Over-Year Decline Since 2012
Elevated mortgage rates and a tight inventory complicated the sales environment. Continue Reading Redfin: Median Home Price in Greatest Year-Over-Year Decline Since 2012
Single-Family Housing Starts Up in March
Single‐family housing completions in March were at a rate of 1.05 million, up 2.4% from February’s rate of 1.025 million. Continue Reading Single-Family Housing Starts Up in March
New Home Purchase Mortgage Applications Up, Forbearance Level Down
“Low for-sale inventory continues to constrain sales, along with mortgage rates that remain above 6%,” said MBA’s Joel Kan. Continue Reading New Home Purchase Mortgage Applications Up, Forbearance Level Down
