U.S. Housing Market
$30 Million Sale Sets New Record for Georgia’s Housing Market
Georgia’s housing market saw a new record sale with a Sea Island mansion changing hands for $30 million. The Wall Street Journal reports the 2.32-acre property known as Entelechy II was designed by the late Atlanta architect and developer John Portman. The property...
Mortgage Application Activity Slows Again
Among the federal programs, the FHA share of total applications decreased to 18.3% from 18.8% the week prior. Continue Reading Mortgage Application Activity Slows Again
Wisconsin’s June Home Sales Up for First Time in 4 Years
In review of the first half of the year, the WRA found home sales were up by a scant 0.1% from the first six months of 2024. Continue Reading Wisconsin’s June Home Sales Up for First Time in 4 Years
Honolulu City Council Considers Property Tax Relief Measures
Budget and Fiscal Services Director Andy Kawano warned that these measures could result in lost revenue that is not easily replaced. Continue Reading Honolulu City Council Considers Property Tax Relief Measures
Mortgage Rates Remain Flat
Fannie Mae predictied mortgage rates will end 2025 and 2026 at 6.4% and 6.0%, respectively. Continue Reading Mortgage Rates Remain Flat
US home building surged in February
Source: CNN Business --- US home building jumped higher in February, turning around after five consecutive months of falling. Housing starts, a measure of new home construction, rose by 9.8% in February from January. But that’s still down 18.4% from a year ago,...
‘Will live with blue and green tiles’: Home buyers compromising to appease housing market
Source: USA Today --- Multiple bids on Day One might be a thing of the past, but high mortgage rates, limited inventory and eroding affordability are still forcing buyers to make most of the compromises. “They are looking for smaller homes compared to what they were...
US home prices post first annual decline since 2012
Source: Fox Business --- The U.S. housing market posted the first year-over-year decline in home prices since 2012 as a result of higher mortgage rates. That's according to a new report from real estate brokerage firm Redfin, which showed that the median U.S. home...
These are the 10 housing markets across the US where home sellers are sitting pretty
Source: USA Today --- The housing market might be in flux, but there still are pockets in the country where sellers are seeing their homes not just closing fast but also commanding higher prices than they did last year. In fact, while time spent on the market...
U.S. single-family housing starts, building permits rebound in February
Source: Reuters --- WASHINGTON, March 16 (Reuters) - U.S. single-family homebuilding and permits for future construction rebounded in February, offering hope that the housing market was probably stabilizing after being hammered by higher mortgage rates. Single-family...
How US banks turmoil is impacting the already hammered housing market
Source: New York Post --- Turmoil in the US banking sector is already having spillover effects on the nation’s struggling housing market, which has been hammered by surging mortgage rates over the past year, according to industry experts. The US economy was rattled...
Annual Home Prices Have Fallen in U.S. for the First Time in Over a Decade
The median U.S. home price fell 1.2% in February, marking the first year-over-year decline since 2012, according to a new report from Redfin, a technology-based real estate brokerage. Sellers have been forced to lower their expectations because high mortgage rates...
How Climate Change Could Sink the US Real Estate Market
Source: Sierra --- LIZ GREENE HADN'T ORIGINALLY intended to buy this house. She'd been looking at another one here in the River Haven subdivision, 20 miles northeast of Myrtle Beach, South Carolina. It had the same beige siding, the same slab foundation and...
What’s the current health of the US housing market?
Source: MPA Mag --- An analysis of 200 of the largest metro areas in the US shows the health of the housing market across the country amid a backdrop of intense competition and dwindling housing availability. Today’s Homeowner reached out to Mortgage Professional...
Real estate ‘sweet spot’ puts sellers in drivers seat
Source: Fox Business --- Experts say it's "nearly impossible" for sellers to time the real estate market just right. However, there is one week in particular that provides them with the most favorable conditions to list a home, according to a recent report....
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