U.S. Housing Market
Financial Services Trade Groups Lobby White House to Lower Mortgage Costs
The trade groups called for “responsibly reducing mortgage insurance premiums.” Continue Reading Financial Services Trade Groups Lobby White House to Lower Mortgage Costs
Arrive Home Launches Down Payment Assistance Program for Manufactured Home Purchasing
New Foundations DPA provides 3.5% down payment assistance on the purchase price of a single- or double-wide manufactured home on a permanent foundation. Continue Reading Arrive Home Launches Down Payment Assistance Program for Manufactured Home Purchasing
Study: 20% of California Residents Worried About Covering Housing Costs
The survey found 15.6% of adults taking on an additional job or more work at their current job to cover their housing costs. Continue Reading Study: 20% of California Residents Worried About Covering Housing Costs
Q3 Foreclosure Filings Up 17% Year-Over-Year
One in every 1,402 housing units had a foreclosure filing in the third quarter. Continue Reading Q3 Foreclosure Filings Up 17% Year-Over-Year
Report: Apartment Rents Down Slightly in September
All regions posted month-over-month rent declines in September, most notably in the West with a -0.5% tumble. Continue Reading Report: Apartment Rents Down Slightly in September
Los Angeles Sued by Rental Property Owners Group Over Rent Increase Freeze
AAGLA Board President Cheryl Turner complained about the “tremendous financial strain on the city’s rental housing providers.” Continue Reading Los Angeles Sued by Rental Property Owners Group Over Rent Increase Freeze
Hits and Misses for the Real Estate Week of July 17-21
New York Times Magazine writer Caity Weaver scoured the English countryside on a vague tip that Tom Cruise had a home in rural Britain. Continue Reading Hits and Misses for the Real Estate Week of July 17-21
Lionel Messi Goes Home Shopping in Palm Beach County
Although Messi owns condominiums in Miami, he does not want his family living in the city. Continue Reading Lionel Messi Goes Home Shopping in Palm Beach County
Florida’s Housing Market Struggles with Declining Sales
“As of the end of June, single-family inventory was 13.8% higher than a year ago,” said Florida Realtors’ Brad O’Connor. Continue Reading Florida’s Housing Market Struggles with Declining Sales
Serious Delinquency Rate Crashes to 17-Year Low
However, early-stage delinquencies (30-days late) increased by 19,000 (+2.2%) from May to 1.65 million. Continue Reading Serious Delinquency Rate Crashes to 17-Year Low
Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month
“New home purchase activity continues to be a bright spot,” said MBA’s Joel Kan. Continue Reading Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month
Juan Bueno Named President of Operations at Cortland
Bueno comes to Cortland from Avison Young, where he was the firm’s U.S. president. Continue Reading Juan Bueno Named President of Operations at Cortland
Guest Opinion: The Heavy Regulatory Burden Placed on Home Builders
“As home builders, we believe our customers have a right to choose the appliances and energy sources used in their homes,” said NAHB’s Huey. Continue Reading Guest Opinion: The Heavy Regulatory Burden Placed on Home Builders
New Record Set for Pennsylvania’s Median Sales Price
Pennsylvania’s home sales totaled 12,383 transactions, up 12% from May but down 19.5% from June 2022. Continue Reading New Record Set for Pennsylvania’s Median Sales Price
Freddie Mac Reports Decline in Mortgage Rates
“As inflation slows, mortgage rates decreased this week,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Freddie Mac Reports Decline in Mortgage Rates
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