U.S. Housing Market
Hartford Mayor Offers City-Owned Land for $1 Per Parcel to Affordable Housing Developers
“So many of these properties, especially the vacant lots, just sit there for a while,” said Mayor Arunan Arulampalam. Continue Reading Hartford Mayor Offers City-Owned Land for $1 Per Parcel to Affordable Housing Developers
Foreclosure Activity Up Annually for Ninth Straight Month
Nationwide, one in every 3,992 housing units had a foreclosure filing in November. Continue Reading Foreclosure Activity Up Annually for Ninth Straight Month
Mortgage Rates Decline to Lowest Level Since April
The 30-year fixed-rate mortgage averaged 6.63% as of Aug. 7, down from last week when it averaged 6.72%, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.47%. The 15-year fixed-rate...
Kolter Homes Unveils New Gated Community in Florida
Scheduled to open in the summer, the homes at The Cove at Park Trace will feature single-story floor plans with two to five bedrooms. Continue Reading Kolter Homes Unveils New Gated Community in Florida
Kevin O’Leary Says He’s Moving From Boston Because of Elizabeth Warren
“I now live in Florida because of Elizabeth Warren,” said the “Shark Tank” star. Continue Reading Kevin O’Leary Says He’s Moving From Boston Because of Elizabeth Warren
Foreclosure Activity Up 22% Year-Over-Year
Nationwide, one in every 1,459 housing units had a foreclosure filing in the first quarter. Continue Reading Foreclosure Activity Up 22% Year-Over-Year
MBA: Mortgage Application Activity Down 8.8%
The refinance share of mortgage activity inched up to 27.6%. Continue Reading MBA: Mortgage Application Activity Down 8.8%
California Median Home Price Up For First Time in Seven Months
All but one of the 51 counties tracked by CAR experienced a sales drop from a year ago in March. Continue Reading California Median Home Price Up For First Time in Seven Months
Most Millennials and Gen Zers Believe a Lottery Win is Their Only Key to Affording a Home
Roughly two-thirds of the Gen Zers and millennials surveyed they will eventually get a home. Continue Reading Most Millennials and Gen Zers Believe a Lottery Win is Their Only Key to Affording a Home
Redfin: Median Home Price in Greatest Year-Over-Year Decline Since 2012
Elevated mortgage rates and a tight inventory complicated the sales environment. Continue Reading Redfin: Median Home Price in Greatest Year-Over-Year Decline Since 2012
Single-Family Housing Starts Up in March
Single‐family housing completions in March were at a rate of 1.05 million, up 2.4% from February’s rate of 1.025 million. Continue Reading Single-Family Housing Starts Up in March
New Home Purchase Mortgage Applications Up, Forbearance Level Down
“Low for-sale inventory continues to constrain sales, along with mortgage rates that remain above 6%,” said MBA’s Joel Kan. Continue Reading New Home Purchase Mortgage Applications Up, Forbearance Level Down
Middle-Income Homeowners Gained $122K in Wealth Over the Past Decade
Homeowners in expensive metro areas experienced the largest wealth gains. Continue Reading Middle-Income Homeowners Gained $122K in Wealth Over the Past Decade
Consumers Lose $106K on Average to Real Estate Wire Fraud
CertifID determined that 74% of wire fraud recovery requests came from consumers in 2022. Continue Reading Consumers Lose $106K on Average to Real Estate Wire Fraud
Fannie Mae: Q1 Single-Family Home Prices Up 4.7%
Fannie Mae measured the price change for all U.S. single-family properties except condos. Continue Reading Fannie Mae: Q1 Single-Family Home Prices Up 4.7%
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