U.S. Housing Market
Report: Builders Planning to Develop 1 Million ‘Trump Homes’
A White House official said the administration was not considering this program. Continue Reading Report: Builders Planning to Develop 1 Million ‘Trump Homes’
Disney Names Josh D’Amaro to Succeed Bob Iger as CEO
D’Amaro has served as chairman of the Disney Experiences segment since 2020. Continue Reading Disney Names Josh D’Amaro to Succeed Bob Iger as CEO
Hits and Misses for the Real Estate Week of Oct. 13-17
Positive data on rental housing costs, a new threat to close the CFPB, and California’s housing market shows signs of vitality. Continue Reading Hits and Misses for the Real Estate Week of Oct. 13-17
Lennar Begins Sales at New Community in Texas
Pricing starts in the mid $200,000s. Continue Reading Lennar Begins Sales at New Community in Texas
REMAX: Home Sales Up by 8.5% Year-Over-Year
The median sales price in September was $439,000, a decrease of $6,000 (1.3%) from August, Continue Reading REMAX: Home Sales Up by 8.5% Year-Over-Year
New Construction Accounts for One-Third of Listed Single-Family Homes
The portion of new homes within the total inventory is nearly double the pre-pandemic share of about 17% in the second quarter of 2019. Continue Reading New Construction Accounts for One-Third of Listed Single-Family Homes
California Home Prices Record First Year-Over-Year Uptick Since October
The statewide median price was $832,340 last month, a scant 0.2% uptick from a revised $830,870 one year ago. Continue Reading California Home Prices Record First Year-Over-Year Uptick Since October
Bill On Broker Payments Creates Political Scuffle in NYC Council
The Real Estate Board of New York reportedly influenced a council member to block the bill from receiving a committee vote. Continue Reading Bill On Broker Payments Creates Political Scuffle in NYC Council
Movement Mortgage Taps Andrew Chevalier As Market Leader
He will be focused on expanding the company’s presence in the Illinois and Wisconsin markets. Continue Reading Movement Mortgage Taps Andrew Chevalier As Market Leader
Condo In NYC’s Billionaires’ Row Sells For Roughly $80 Million
The apartment was last purchased in 2020 for $65.59 million. Continue Reading Condo In NYC’s Billionaires’ Row Sells For Roughly $80 Million
Mortgage Application Activity Takes A Dive
“The ARM share of applications rose slightly to 7%, the highest since April 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Takes A Dive
Single-Family Housing Starts Up 6.7%
Single‐family authorizations in July were at a rate of 930,000, a 0.6% uptick from the revised June figure of 924,000. Continue Reading Single-Family Housing Starts Up 6.7%
Realtors Relief Fund Donates $1.5 Million to Maui Rebuilding
State officials are warning Maui residents of predatory buyers seeking to purchase homes from distressed owners. Continue Reading Realtors Relief Fund Donates $1.5 Million to Maui Rebuilding
Builder Confidence Evaporates Amid Elevated Mortgage Rates
NAHB Chairman Alicia Huey noted that “demand for new construction continues to be supported by a lack of resale inventory.” Continue Reading Builder Confidence Evaporates Amid Elevated Mortgage Rates
July New Home Purchase Mortgage Applications Up 35.5%
Mortgage applications for new home purchases in July increased by 35.5% year-over-year, according to new data from the Mortgage Bankers Association (MBA). Compared to June, applications inched up by 0.2%. MBA estimated new single-family home sales were running at a...
