U.S. Housing Market
Florida Records Surge in Pending Home Sales
The statewide median sales price for single-family existing homes in August was $410,000, down 0.4% year-over-year. Continue Reading Florida Records Surge in Pending Home Sales
Report: Fixer-Uppers Generate More Page Views Than Comparable Older Homes
During July, homes marketed as fixer-uppers came with a median list price tag of just $200,000, which is 54% below the $436,250 median for all single-family homes. Continue Reading Report: Fixer-Uppers Generate More Page Views Than Comparable Older Homes
Data Reports Affirm Housing Supply Outpaces Demands
“The balance of power in the US housing market has shifted toward buyers,” said Redfin Senior Economist Asad Khan. Continue Reading Data Reports Affirm Housing Supply Outpaces Demands
Report: Texans Lead the Nation for Buying Newly Constructed Homes
Texans were also ahead of the nation for buying multi-generational homes. Continue Reading Report: Texans Lead the Nation for Buying Newly Constructed Homes
Schumer Slams Trump’s Plan to Take Fannie Mae and Freddie Mac Public
Schumer declared without statistical evidence that Trump’s initiative would add between $1,800 to $2,800 to annual mortgage costs. Continue Reading Schumer Slams Trump’s Plan to Take Fannie Mae and Freddie Mac Public
Virginia Resort Tops List of Best Places to Buy a Beach House
Rockaway Beach, Oregon, was the sole West Coast location in the top 10, placing ninth with a cap rate of 4.7%. Continue Reading Virginia Resort Tops List of Best Places to Buy a Beach House
Nearly 14% of Renters Are Behind on Rent Payments
More than half of renters across the U.S. saw their rent increase over the past 12 months. Continue Reading Nearly 14% of Renters Are Behind on Rent Payments
Home Price Gains Continue to Slow Down in 2023
S&P Dow Jones Indices released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for January 2023 show that the trend of declining home price gains continued across the United States...
$100M Housing Options Grant Program Opens in PA
The Pennsylvania Housing Finance Agency today has opened the application process for the $100 million Housing Options Grant Program. This program provides a new affordable housing development tool by making additional money available to create or preserve more...
Homebuying Demand May Finally Be Turning a Corner
House hunters are wading into the market as mortgage rates and home prices continue to decline, according to a new report from Redfin, the technology-powered real estate brokerage. Mortgage-purchase applications increased for the fourth week in a row and...
Tax Deadline Extended For California 1031 Exchanges
California residents and real estate investors looking to begin a 1031 exchange are being encouraged to act now, according to Peak 1031 Exchange. The recent IRS extensions allow qualifying California taxpayers to extend any exchange deadline that falls after...
Mortgage Delinquencies Continue to Fall, Nearing Two Years of the Downward Trend
CoreLogic, a global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for January 2023. For the month of January, 2.8% of all mortgages in the U.S. were in some stage of delinquency...
First Quarter of 2023 Brings a Mixed Bag of Housing Data
ATTOM, a curator of land, property, and real estate data, released its first-quarter 2023 U.S. Home Affordability Report showing that median-priced single-family homes and condos are less affordable in the first quarter of 2023 compared to historical averages in 94...
Why Would a House Not Get Any Offers In Today’s Market
There's no doubt that today's real estate market is...difficult. Homes are spending an outstanding 75 days on the market, up from a low of 31 days set in May 2022. This is the longest time on market since February 2020. Days on market is a metric that tracks the time...
Florida Governor Signs Affordable Housing Law
Today, Governor Ron DeSantis signed Senate Bill 102, known as the "Live Local Act," a comprehensive, statewide workforce housing strategy designed to increase the availability of attainable housing options for Florida workers who seek to live in the communities they...
