U.S. Housing Market
Mid-Atlantic Region Home Sales Down in November
“Even with somewhat lower mortgage rates, homebuyers and sellers are still very cautious,” said Lisa Sturtevant, Bright MLS chief economist. Continue Reading Mid-Atlantic Region Home Sales Down in November
Mortgage Application Activity Up by Nearly 5%
The FHA share of total applications increased to 20.2% from 18.3% the week prior. Continue Reading Mortgage Application Activity Up by Nearly 5%
California Home Affordability Improves Slightly From One Year Ago
For the state’s condo/townhome markets, only 25% of homebuyers were able to purchase those $670,000 median-priced residences. Continue Reading California Home Affordability Improves Slightly From One Year Ago
Three Out of Four Metro Areas Saw Q2 Home Price Increases
The national median single-family existing-home price reached a record high at $429,400. Continue Reading Three Out of Four Metro Areas Saw Q2 Home Price Increases
Mid-Atlantic Home Sales Decline While Higher-End Properties Fuel Median Price Upswing
By the end of July, there were 23,804 listings available for sale across the Bright MLS service area, a 26.2% year-over-year spike. Continue Reading Mid-Atlantic Home Sales Decline While Higher-End Properties Fuel Median Price Upswing
Can Promoting Energy Efficiency in a Home Listing Help Boost the Sale?
Nearly two-thirds of real estate brokers and agents said promoting energy efficiency in listings is either very or somewhat valuable. Continue Reading Can Promoting Energy Efficiency in a Home Listing Help Boost the Sale?
Mortgage Application Activity Drops Amid Jumbo Mortgage Jitters
“The jumbo-conforming spread continues to narrow,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Drops Amid Jumbo Mortgage Jitters
Zillow Debuts ChatGPT Plugin
The Zillow ChatGPT plugin is currently in its alpha phase. Continue Reading Zillow Debuts ChatGPT Plugin
Annual Home Price Growth at Lowest Rate in Over a Decade
The states with the greatest annual loses were Washington (-7.4%), Idaho (-3.6%) and Nevada (-3.5%). Continue Reading Annual Home Price Growth at Lowest Rate in Over a Decade
planetRE Unveils Aelo.Ai virtual staging platform
According to the company, Aelo.Ai can generate images within seconds. Continue Reading planetRE Unveils Aelo.Ai virtual staging platform
27 States Ask Biden and FHFA to Scrap Mortgage Fee Increases
“The policy will take money away from the people who played by the rules and did things right,” said the fiscal officers in their letter of protest. Continue Reading 27 States Ask Biden and FHFA to Scrap Mortgage Fee Increases
CFPB Seeks New Protections for PACE Loan Borrowers
CFPB Director Rohit Chopra said the new rules “would require sensible safeguards on these clean energy loans.” Continue Reading CFPB Seeks New Protections for PACE Loan Borrowers
$15 Million Allocated for 3,000 All-Electric NYC Homes
Gov. Kathy Hochul envisioned a “more sustainable, affordable, and equitable future for New Yorkers.” Continue Reading $15 Million Allocated for 3,000 All-Electric NYC Homes
Brady Yeager Named National Sales Director at Movement Mortgage
Yeager was previously president of Level Capital, a private portfolio lender that provides vertical financing to builders/investors. Continue Reading Brady Yeager Named National Sales Director at Movement Mortgage
A Phil Hall Op-Ed: Stop Trying to Pump Up the Homeownership Rate
In 2002, then-President George W. Bush took it upon himself to expand the number of Black and Hispanic homeowners by 5.5 million families by the end of the decade. Continue Reading A Phil Hall Op-Ed: Stop Trying to Pump Up the Homeownership Rate
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