U.S. Housing Market
Virginia Home Sales Hold Steady Amid Surge in New Listings
The statewide median sales price reached $430,000, a 3.6% increase from August 2024. Continue Reading Virginia Home Sales Hold Steady Amid Surge in New Listings
Forecast Warns of 10% Spike in Electric Heating Costs This Winter
NEADA is also predicting higher natural gas costs, with the average household gas bill increasing from $639 to $693. Continue Reading Forecast Warns of 10% Spike in Electric Heating Costs This Winter
Mortgage Rates Inches Up, Homebuyer Affordability Inches Down
The 30-year fixed-rate mortgage averaged 6.89% as of May 29. Continue Reading Mortgage Rates Inches Up, Homebuyer Affordability Inches Down
New Jersey’s Bergen County to Put Property Deeds on Blockchain Network
This endeavor will impact the property record management for 370,000 property deeds representing roughly $240 billion worth of real estate in 70 municipalities. Continue Reading New Jersey’s Bergen County to Put Property Deeds on Blockchain Network
Pending Home Sales Down 6.3% in April
All four regions recorded a month-over-month loss in transactions. Continue Reading Pending Home Sales Down 6.3% in April
Can a Pizza Oven Boost a Home’s Sales Price?
But some amenities may have the opposite effect on sales. Continue Reading Can a Pizza Oven Boost a Home’s Sales Price?
Home Price Growth Lowest In 4 Years
Seven states and the District of Columbia recorded price declines in February. Continue Reading Home Price Growth Lowest In 4 Years
Moon Mortgage Unveils Crypto Real Estate and Lending Products
The crypto mortgage product is currently available in Florida, Texas and Colorado. Continue Reading Moon Mortgage Unveils Crypto Real Estate and Lending Products
GTIS Partners Debuts Build-to-Rent Community Development Subsidiary
Seven additional build-to-rent communities are now underway. Continue Reading GTIS Partners Debuts Build-to-Rent Community Development Subsidiary
US Ranks Among Third Lowest Countries for Homeowners Without Mortgages
Lithuania had the highest percentage of mortgage-free homeownership. Continue Reading US Ranks Among Third Lowest Countries for Homeowners Without Mortgages
A Phil Hall Op-Ed: Still Making the Same Mistakes
(This is the first weekly op-ed column from our new editor, longtime real estate and mortgage industry journalist Phil Hall.) A few years ago, I arrived home from work on a July evening and found a bright yellow square-shaped envelope in my mailbox. In handling the...
Early-Stage Homebuying Demand at Highest Level Since May
Pending sales fell 19% year-over-year in the four weeks ending March 26. Continue Reading Early-Stage Homebuying Demand at Highest Level Since May
HUD Awards $5.5 Million to HBCUs for Housing Research
“HBCUs create economic opportunity both for their students and throughout the communities they serve,” said HUD Secretary Marcia Fudge in a press statement. Continue Reading HUD Awards $5.5 Million to HBCUs for Housing Research
Realtors Say Home Staging Can Create Faster Sales with Bigger Returns
Four out of five buyers’ agents (81%) said staging a home made it easier for a buyer to visualize the property’s potential. Continue Reading Realtors Say Home Staging Can Create Faster Sales with Bigger Returns
GSEs Update Deferral Policies for Mortgage Payments
The GSEs’ payment deferral policies were expanded during the pandemic. Continue Reading GSEs Update Deferral Policies for Mortgage Payments
