U.S. Housing Market
Kamala Harris Drops $8.15 Million on Malibu Mansion
The area is home to prominent Hollywood stars and high-tech titans. Continue Reading Kamala Harris Drops $8.15 Million on Malibu Mansion
House of Representatives Passes Affordable HOMES Act
The bill has been received in the US Senate, where it was referred to the Committee on Energy and Natural Resources. Continue Reading House of Representatives Passes Affordable HOMES Act
Bright MLS: Mid-Atlantic Home Sales Down in August
There were 6,000 sales in August across the Philadelphia metro area, a 1.7% drop from last August. Continue Reading Bright MLS: Mid-Atlantic Home Sales Down in August
TransUnion: More People Sharing Rent Payment Data with Credit Reporting Agencies
The report found more than half of renters (57%) are more likely to rent from a property manager who reports payments. Continue Reading TransUnion: More People Sharing Rent Payment Data with Credit Reporting Agencies
Oh No, Boomer! Survey Finds 61% of Boomers Say They’ll Never Sell Their Homes
The overwhelming majority (89%) of boomers believe buying a home is almost always a good decision. Continue Reading Oh No, Boomer! Survey Finds 61% of Boomers Say They’ll Never Sell Their Homes
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%
