U.S. Housing Market
New Home Purchase Mortgage Applications Up 3.1% in November
The average loan size for new homes decreased from $381,404 in October to $378,063 in November. Continue Reading New Home Purchase Mortgage Applications Up 3.1% in November
New Report Names Detroit as America’s Neediest City
“The city has the third-highest share of households lacking complete plumbing facilities and the 10th-highest share lacking complete kitchen facilities,” the report said. Continue Reading New Report Names Detroit as America’s Neediest City
America’s Most Expensive ZIP Code Is…
The top ranked Fisher Island section of Miami Beach’s $11.9 million median listing price is more than 27 times the national median. Continue Reading America’s Most Expensive ZIP Code Is…
FHFA’s Pulte Debuts New Ad for ‘Great American Mortgage Corporation’
The advertisement touts President Trump as a leader “who stands by us and the basic principle that all Americans deserve to dream and dream big.” Continue Reading FHFA’s Pulte Debuts New Ad for ‘Great American Mortgage Corporation’
California Home Sales and Prices Declined in July
Total active listings were up 37.7% from one year earlier, reaching a 69-month high. Continue Reading California Home Sales and Prices Declined in July
Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing
The company’s origination business has its roots in Fort Worth Mortgage, which was founded in 1952. Continue Reading Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing
Ryan Serhant Begins Shooting New Real Estate-Focused TV Show
Serhant’s new show is on location at a triplex penthouse in the world’s tallest condominium tower. Continue Reading Ryan Serhant Begins Shooting New Real Estate-Focused TV Show
Mortgage Rates Go Up, Up and Away
The national median mortgage payment during April was $2,112, an 11.8% spike from $1,889 in April 2022. Continue Reading Mortgage Rates Go Up, Up and Away
Number of Vacant Homes in Foreclosure Up for Fifth Straight Quarter
Among the pre-foreclosure properties, 8,752 sit vacant as zombie foreclosures. Continue Reading Number of Vacant Homes in Foreclosure Up for Fifth Straight Quarter
Pending Home Sales Remained Stagnant in April
“Not all buying interests are being completed due to limited inventory,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Remained Stagnant in April
Mortgage Delinquency Rate Crashes to a New Low
No state posted an annual increase in overall delinquency rates in March. Continue Reading Mortgage Delinquency Rate Crashes to a New Low
More Than 2 in 5 Home Sellers Are Making Concessions to Buyers
Just over one in seven home sellers dropped their asking price in addition to providing a concession. Continue Reading More Than 2 in 5 Home Sellers Are Making Concessions to Buyers
Property Flipping, NYC-Style: Luxury Condo Poised to Sell at $75M
The 6,000-square-foot unit was acquired in 2020 by a Delaware-based LLC for $54 million. Continue Reading Property Flipping, NYC-Style: Luxury Condo Poised to Sell at $75M
DCHFA Unveils Investor Relations Website
The new DCHFABonds.com site will provide data and documents to investors about its bond programs. Continue Reading DCHFA Unveils Investor Relations Website
Mortgage Application Activity Sinks Amid Economic Tumult
“We have yet to see sustained growth in purchase applications,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Sinks Amid Economic Tumult
