U.S. Housing Market
Mortgage Application Activity Down by 5%
Among the federal programs, the FHA share of total applications increased to 20.8% from 19.5% the week prior. Continue Reading Mortgage Application Activity Down by 5%
Minnesota Mayors Blame Reckless State Spending for Property Tax Hikes
“Our residents deserve better than deficits, economic decline and policies that push families and businesses away,” the letter said. Continue Reading Minnesota Mayors Blame Reckless State Spending for Property Tax Hikes
Report: 1 in 4 Homes Exposed to Acute Climate Risks
“Climate risks are no longer a distant threat for U.S. housing—they are a present reality that put a large chunk of US real estate value at risk,” said Danielle Hale, chief economist at Realtor.com. Continue Reading Report: 1 in 4 Homes Exposed to Acute Climate Risks
Report: ‘Normal’ Housing Costs Possible by 2030
“The path back to normal housing costs doesn’t require a crash in home prices—stability may be enough,” said Redfin’s Asas Khan. Continue Reading Report: ‘Normal’ Housing Costs Possible by 2030
The Best and Worst Places to Retire Are…
California had four of the five worst cities for retirement. Continue Reading The Best and Worst Places to Retire Are…
Realtors: Lack of Housing Inventory is Main Reason Buyers Are Not Buying
The median gross income for realtors increased to $56,400 in 2022, up from $54,300 in 2021. Continue Reading Realtors: Lack of Housing Inventory is Main Reason Buyers Are Not Buying
CoreLogic: Annual Home Price Growth at Lowest Rate in 11 Years
Miami posted the highest year-over-year home price increase of the country’s 20 tracked metro areas in May at 11.8%. Continue Reading CoreLogic: Annual Home Price Growth at Lowest Rate in 11 Years
A Phil Hall Op-Ed: Is TikTok the Right Platform for Real Estate Sales?
It doesn’t help that nearly all of the media coverage of TikTok-based real estate professionals highlights extraordinary success stories. Continue Reading A Phil Hall Op-Ed: Is TikTok the Right Platform for Real Estate Sales?
Black Knight’s Home Price Index Hits New Record High
“There is no doubt that the housing market has reignited from a home price perspective,” said Black Knight Vice President of Enterprise Research Andy Walden. Continue Reading Black Knight’s Home Price Index Hits New Record High
Treasury Dept.’s Homeowner Assistance Fund Distributed $1.2 Billion in Q1
Demographically, 35% of homeowners assisted self-identified as Black, 23% self-identified as Hispanic/Latino and 59% self-identified as female. Continue Reading Treasury Dept.’s Homeowner Assistance Fund Distributed $1.2 Billion in Q1
FHLB Dallas Expands Eligibility Standards in Housing Assistance for Veterans Program
The program provides up to $15,000 per household and includes eligible Gold Star Families. Continue Reading FHLB Dallas Expands Eligibility Standards in Housing Assistance for Veterans Program
HUD Allocates $29.5 Million for Fair Housing Assistance Program
The FHAP is designed to provide protection to the public against discrimination in housing. Continue Reading HUD Allocates $29.5 Million for Fair Housing Assistance Program
Has Confidence in the US Housing Market Plateaued?
“Many consumers may be coming to terms with elevated mortgage rates and high home prices,” said Fannie Mae’s Doug Duncan. Continue Reading Has Confidence in the US Housing Market Plateaued?
Mortgage Rates Continue to Soar
The 30-year fixed-rate mortgage’s 6.81% was the highest level achieved this year. Continue Reading Mortgage Rates Continue to Soar
Redfin: Average Home Is Selling Above Its Asking Price Again
The median asking price of newly listed homes was $395,725, up 1.1% from a year earlier. Continue Reading Redfin: Average Home Is Selling Above Its Asking Price Again
