U.S. Housing Market
Existing Home Sales Up 5.8% in December
The $405,400 median existing home price for all housing types marked a 0.4% uptick from the $403,700 price set one year before. Continue Reading Existing Home Sales Up 5.8% in December
FHFA’s Pulte Threatens Builders Over Stock Repurchasing
“Our preference is to use carrots, but sticks are on the table,” Pulte said. Continue Reading FHFA’s Pulte Threatens Builders Over Stock Repurchasing
Black Homeownership Rate Drops to 4-Year Low
The homeownership rate decline occurred as the Black unemployment rate reached 7.2% as of July, up from 6.3% one year before and the highest level since October 2021. Continue Reading Black Homeownership Rate Drops to 4-Year Low
Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
The legislation creates $50 million per year in grants for communities that adopt policies removing barriers to affordable housing on property owned by faith-based organizations or colleges. Continue Reading Senate Democrats Debut Bill to Assist Faith-Based Groups in Creating Affordable Housing
Report: Bill Pulte’s Father and Stepmother Claimed Primary Residence on 2 Different Homes
Tax officials in Bloomfield Township, Michigan, said the Pultes’ exemption was being immediately revoked. Continue Reading Report: Bill Pulte’s Father and Stepmother Claimed Primary Residence on 2 Different Homes
Can Micro-Apartments Solve a California Housing Shortage?
Units can be as small as 220 square feet. Continue Reading Can Micro-Apartments Solve a California Housing Shortage?
Mortgage Application Activity Up 5.3%
The Refinance Index inched up by a scant 0.1% from the previous week. Continue Reading Mortgage Application Activity Up 5.3%
United Wholesale Mortgage Launches Conventional 1% Down
Mat Ishbia, president and CEO of UWM, said the company will “continue developing products and solutions that will help get more borrowers into homes faster, easier and cheaper.” Continue Reading United Wholesale Mortgage Launches Conventional 1% Down
Planet Home Lending Debuts 1st Year Flex Program
“We’re committed to finding innovative solutions to help more borrowers purchase a home,” said Michael Dubeck, CEO and President of Planet Financial Group. Continue Reading Planet Home Lending Debuts 1st Year Flex Program
Person of the Week: Dr. Anthony B. Sanders, Chief Economist at Artesia Economics
“I keep hoping some people are going to start noticing that they’ve created a mega-storm and we’re going to pay the price for it eventually,” Sanders said. Continue Reading Person of the Week: Dr. Anthony B. Sanders, Chief Economist at Artesia Economics
Majority of Millennials Are Now Homeowners
Still, more than 17 million millennials are still in rental housing. Continue Reading Majority of Millennials Are Now Homeowners
Mortgage Credit Availability Up Slightly, But Still Near 10-Year Low
“Mortgage credit supply increased modestly in March but remained close to its tightest levels since 2013,” said MBA’s Vice President and Deputy Chief Economist Joel Kan. Continue Reading Mortgage Credit Availability Up Slightly, But Still Near 10-Year Low
Most Gen Z Adults Prioritize Pets Over Family in Housing Needs
“Young adults may be delaying parenthood, but they’re not putting off pet parenthood,” said Zillow’s home trends expert Amanda Pendleton. Continue Reading Most Gen Z Adults Prioritize Pets Over Family in Housing Needs
Survey Finds Steady Optimism Among First-Time Homebuyers
Nearly half of survey respondents have begun to save for a down payment. Continue Reading Survey Finds Steady Optimism Among First-Time Homebuyers
Study: 1 in 3 Homebuyers Unaware of Affordable Home Lending Offerings
KeyBank is observing April’s Fair Housing Month by expanding its Special Purpose Credit Programs for qualifying properties in eligible communities. Continue Reading Study: 1 in 3 Homebuyers Unaware of Affordable Home Lending Offerings
