U.S. Housing Market
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
MegPrime and Megatel Homes Debut Digital Rewards Program for Buyers and Brokers
All rewards are issued in MegPrime tokens and may be converted to US dollars through the MegPrime app. Continue Reading MegPrime and Megatel Homes Debut Digital Rewards Program for Buyers and Brokers
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
Non-QM Lender Angel Oak Mortgage Solutions Debuts 5- and 7-Year Adjustable-Rate Mortgages
“This launch underscores our commitment to supporting the non-QM ecosystem,” said Tom Hutchens, president of Angel Oak Mortgage Solutions. Continue Reading Non-QM Lender Angel Oak Mortgage Solutions Debuts 5- and 7-Year Adjustable-Rate Mortgages
Mortgage Rates Go Into Decline
The 30-year fixed-rate mortgage averaged 6.30% as of Oct. 9. Continue Reading Mortgage Rates Go Into Decline
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
NAR: Existing Home Sales Down in June
The median existing-home price for all housing types in June was $410,200, the second-highest price of all time. Continue Reading NAR: Existing Home Sales Down in June
Q2 Profit Margins on Home Sales Reach Nearly 48%
ATTOM CEO Rob Barber said seller profits were “back up to nearly their highest level in the past decade.” Continue Reading Q2 Profit Margins on Home Sales Reach Nearly 48%
New York State’s Housing Market Remains Weak
Closed sales totaled 10,186 last month, down 22.2% from the 13,095 sales in June 2022. Continue Reading New York State’s Housing Market Remains Weak
Texas Q2 Median Home Price Down 3.1%
The second quarter saw fewer closed sales – 96,541, a 10.8% year-over-year decline. Continue Reading Texas Q2 Median Home Price Down 3.1%
Timothy Saunders Named Chief Legal Officer at Angel Oak Companies
He was previously general counsel and chief compliance officer at Reverence Capital Partners. Continue Reading Timothy Saunders Named Chief Legal Officer at Angel Oak Companies
Redfin: 1% of US Homes Changed Hands Year-to-Date
“The typical home is selling for about 40% more than before the pandemic,” said Chief Economist Taylor Marr. Continue Reading Redfin: 1% of US Homes Changed Hands Year-to-Date
Refinancing Fuels Uptick in Mortgage Application Activity
According to MBA’s estimate, 220,000 homeowners are in forbearance plans. Continue Reading Refinancing Fuels Uptick in Mortgage Application Activity
Housing Starts Down During June
Single‐family authorizations in June were at a rate of 922,000, up 2.2% from the revised May figure of 902,000. Continue Reading Housing Starts Down During June
Builder Confidence Up for Seventh Straight Month
Only 22% of builders reported cutting prices in July, down from 25% in June and 27% in May. Continue Reading Builder Confidence Up for Seventh Straight Month
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