U.S. Housing Market
Fort Point Real Estate Partners Launches with Portfolio of 40 San Francisco Properties
The portfolio was aggregated over the last 12 months and encompasses diverse neighborhoods including Nob Hill, Russian Hill, The Castro, Potrero Hill, Hayes Valley, and the Sunset and Richmond Districts. Continue Reading Fort Point Real Estate Partners Launches with Portfolio of 40 San Francisco Properties
Boston City Council Votes to Raise Residential Property Taxes by 13%
Councilor Ed Flynn, a critic of Mayor Michelle Wu, argued the city needs to crack down on its spending. Continue Reading Boston City Council Votes to Raise Residential Property Taxes by 13%
Building Permits for Apartments Down 23% Since the Pandemic Construction Boom
San Jose led the nation with the greatest median asking rent increase – 8.8% year-over-year in July to $3,569. Continue Reading Building Permits for Apartments Down 23% Since the Pandemic Construction Boom
Indiana Home Sales Up 9% From One Year Ago
Last month’s median price of $275,000 was unchanged from June and 5% above the price in July 2024. Continue Reading Indiana Home Sales Up 9% From One Year Ago
Foreclosure Activity Up 13% Year-Over-Year
Lenders started the foreclosure process on 24,302 properties last month, up 12% from June and up 11% from July 2024. Continue Reading Foreclosure Activity Up 13% Year-Over-Year
FHFA Rescinds Upfront Fees Based on DTI Ratio
“I appreciate the feedback FHFA has received from the mortgage industry and other market participants,” said FHFA Director Thompson. Continue Reading FHFA Rescinds Upfront Fees Based on DTI Ratio
Mortgage Application Activity in 6.3% Upswing
“Mortgage applications responded positively to a drop in rates last week,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity in 6.3% Upswing
Maricopa County Ranks Highest in List of Top Second Home Markets
Arizona’s Maricopa County took the number one ranking in the newly published list of top U.S. markets for luxury second homes published by the real estate marketplace Pacaso. “The county's vibrant desert cities of Phoenix and Scottsdale offer world-class golf,...
NAR Chief Economist: Fed’s Last Rate Hike was Unnecessary
“Home price increases are naturally good for homeowners,” stated Yun. Continue Reading NAR Chief Economist: Fed’s Last Rate Hike was Unnecessary
California County Beset by Fraudulent Real Estate Sales
The fraudsters identify vacant or lien-free properties and attempt to negotiate their sale. Continue Reading California County Beset by Fraudulent Real Estate Sales
Person of the Week: Kelly Mangold, Principal at RCLCO Real Estate Consulting
“We’re seeing relatively strong conditions in the rental market, both in multifamily rentals as well as the build for rent single-family homes,” said Mangold. Continue Reading Person of the Week: Kelly Mangold, Principal at RCLCO Real Estate Consulting
Mortgage Credit Availability at 10-Year Low
“Government credit supply decreased for the third consecutive month,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability at 10-Year Low
Q1 Existing Single-Family Home Sales Prices Up in 7 Out of 10 Metro Markets
The $371,200 national median single-family existing-home price was down by a scant 0.2% from one year earlier. Continue Reading Q1 Existing Single-Family Home Sales Prices Up in 7 Out of 10 Metro Markets
Hackathon Aims to Remove Algorithmic Bias from Housing and Lending
The inaugural Tech Equity Hackathon will be held June 16–18 at American University in Washington, D.C. Continue Reading Hackathon Aims to Remove Algorithmic Bias from Housing and Lending
America First Credit Union Taps FirstClose for Home Equity Solution
The Utah-based America First is the nation’s fifth largest credit union in terms of membership. Continue Reading America First Credit Union Taps FirstClose for Home Equity Solution
