U.S. Housing Market
Median Luxury Home Sale Price Reaches $1.31 Million
While active listings of luxury homes for sale increased 5.6% year-over-year in December, that marked the slowest growth since April. Continue Reading Median Luxury Home Sale Price Reaches $1.31 Million
Oklahoma Gov. Stitt Calls for Freeze on Property Taxes
Stitt offered no details on how long his proposed freeze would stay in place or how the state would replace the revenue lost by a property tax freeze. Continue Reading Oklahoma Gov. Stitt Calls for Freeze on Property Taxes
Mortgage Rates Take Another Tumble
The 30-year fixed-rate mortgage averaged 6.27% as of Oct. 16. Continue Reading Mortgage Rates Take Another Tumble
Builder Confidence Rises Despite Market Challenges
“The HMI gain in October is a positive signal for 2026 as our forecast is for single-family housing starts to gain ground next year,” said NAHB Chief Economist Robert Dietz. Continue Reading Builder Confidence Rises Despite Market Challenges
Q3 Home Sales Profits Near 50% Margin
The median national sales price in the third quarter was $370,000. Continue Reading Q3 Home Sales Profits Near 50% Margin
Average Teacher Can Only Afford 12% of Homes Within Commuting Distance to School
Redfin determined the average teacher can only afford 27% of available rentals within commuting distance of their school. Continue Reading Average Teacher Can Only Afford 12% of Homes Within Commuting Distance to School
Jury Awards $612 Million to Fannie Mae and Freddie Mac Shareholders
The FHFA issued a statement saying it would review the verdict and determine how to proceed. Continue Reading Jury Awards $612 Million to Fannie Mae and Freddie Mac Shareholders
WalletHub’s Best State To Live In Is…
Utah had the lowest average of weekly work hours while Alaska had the highest. Continue Reading WalletHub’s Best State To Live In Is…
California’s Housing Affordability Level at 16-Year Low
Lassen County required the lowest minimum qualifying income ($62,400) for purchasing a median-priced home. Continue Reading California’s Housing Affordability Level at 16-Year Low
Hits and Misses for the Real Estate Week of Aug. 7-11
Out-of-control rent prices, a fine that Elon Musk isn’t paying and a Chinese property developer on the skids. Continue Reading Hits and Misses for the Real Estate Week of Aug. 7-11
Redfin: 1 in 10 Homes are Worth $1 Million or More
Redfin noted there are “essentially no million-dollar homes in several inexpensive metros, including parts of Texas and upstate New York.” Continue Reading Redfin: 1 in 10 Homes are Worth $1 Million or More
Mid-Atlantic Region’s Median Home Price at $400,000
The Maryland/West Virginia Panhandle’s median price of $295,000 was the highest recorded for the region. Continue Reading Mid-Atlantic Region’s Median Home Price at $400,000
Truist Allocates $15 Million to Fund Affordable Housing in North Carolina
The new housing impact fund will focus its investments on apartment communities that are vulnerable to gentrification. Continue Reading Truist Allocates $15 Million to Fund Affordable Housing in North Carolina
Proptech RentRedi Acquires Two Property Management Platforms
The founder of the two acquired companies, Rick Sands, will become RentRedi’s head of payments. Continue Reading Proptech RentRedi Acquires Two Property Management Platforms
Wells Fargo Launches Down Payment Grant Program
The grants are being allocated under the company’s Special Purpose Credit Program. Continue Reading Wells Fargo Launches Down Payment Grant Program
