U.S. Housing Market
Judge Approves Sale of 93-Building NYC Portfolio Over Mamdani’s Objections
Judge David Jones said he was “satisfied” with Summit’s plan to mitigate the more than 6,500 housing code violations in Pinnacle’s portfolio. Continue Reading Judge Approves Sale of 93-Building NYC Portfolio Over Mamdani’s Objections
New Bipartisan Senate Bill Seeks to Fuel Housing Construction Near Transportation Hubs
The Build Housing, Unlock Benefits and Services (HUBS) Act is from Sens. John Curtis (R-UT) and Lisa Blunt Rochester (D-DE). Continue Reading New Bipartisan Senate Bill Seeks to Fuel Housing Construction Near Transportation Hubs
Refinancing Action Fuels 30% Surge in Mortgage Application Activity
The Refinance Index ascended by 58% from the previous week and was 70% higher than the same week one year ago. Continue Reading Refinancing Action Fuels 30% Surge in Mortgage Application Activity
Single-Family Housing Starts Down by 7%
Privately-owned housing starts in August were at a seasonally adjusted annual rate of 1.30 million, an 8.5% decline from the revised July estimate of 1.42 million. Continue Reading Single-Family Housing Starts Down by 7%
Congressional Real Estate Caucus Introduces Bill to Address Housing Affordability
“Homeownership is a vital part of achieving the American Dream,” said Rep. Mark Alford (R-MO), co-chairman of the Congressional Real Estate Caucus. Continue Reading Congressional Real Estate Caucus Introduces Bill to Address Housing Affordability
Fannie Mae: Homeownership Optimism is Rising
However, on a year-over-year measurement, the full index is down 1.7 points. Continue Reading Fannie Mae: Homeownership Optimism is Rising
ALTA: $21B in Title Insurance Premiums During 2022
The top companies by market share in 2022 were First American Title Insurance Co., Old Republic Title Insurance Co. and Fidelity National Title Insurance Co. Continue Reading ALTA: $21B in Title Insurance Premiums During 2022
Clayton to Build Manufactured Homes That Meet DOE Energy Efficiency Standards
“We are driven to make energy efficient homes an attainable option for home buyers across the country,” said CEO Kevin Clayton. Continue Reading Clayton to Build Manufactured Homes That Meet DOE Energy Efficiency Standards
FHLBank Atlanta Adds $7.2M to Homeownership Program
The funds are available on a transaction by transaction, first-come, first-served basis. Continue Reading FHLBank Atlanta Adds $7.2M to Homeownership Program
Republic First Exits the Mortgage Origination Business
The company said it would also “streamline its commercial lending business in New York City.” Continue Reading Republic First Exits the Mortgage Origination Business
Market Snapshot: Florida Home Buyers Are Paying for Overvalued Properties
Closed sales of existing single-family homes in March were down 15% year-over-year. Continue Reading Market Snapshot: Florida Home Buyers Are Paying for Overvalued Properties
Nearly Half of Homes Sold Within Two Weeks of Being Listed
New listings in April were down 23% year-over-year, the second biggest decline since the start of the pandemic. Continue Reading Nearly Half of Homes Sold Within Two Weeks of Being Listed
Simon Property Group Puts New Focus on Residential and Hotel Development
Chairman, President and CEO David Simon declared this was “probably a five-year build process” that is expected to begin later this year. Continue Reading Simon Property Group Puts New Focus on Residential and Hotel Development
Better Debuts Digital HELOC Product Line
The company said closings occur in as little as three days from an application. Continue Reading Better Debuts Digital HELOC Product Line
Guest Opinion: Recruiting to Reality
I recently spoke to the wife of a friend who had been planning a career change into residential real estate but was now having second thoughts. Sound familiar? “Is this a bad time to give up my job and take the plunge?” she asked. “Good question!” I said,...
