U.S. Housing Market
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
Alec Baldwin Shoots Down the Price on Hamptons Mansion
The property is now being offered at $19.9 million. Continue Reading Alec Baldwin Shoots Down the Price on Hamptons Mansion
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
National Average for Apartment Rents Down Slightly in August
This marks the second consecutive month of flat or negative monthly rent change. Continue Reading National Average for Apartment Rents Down Slightly in August
Connecticut Mega-Church Proposes Affordable Housing Complex On Its Property
First Cathedral in Bloomfield offered an informal presentation to the town’s planning and zoning commission. Continue Reading Connecticut Mega-Church Proposes Affordable Housing Complex On Its Property
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
Vacation Home Demand Sinks in Post-Pandemic Market
“With housing payments near their all-time high; a lot of people can’t afford to buy one home right now, let alone a second,” said Redfin Deputy Chief Economist Taylor Marr. Continue Reading Vacation Home Demand Sinks in Post-Pandemic Market
Defense Dept. Faulted on Oversight of Private Companies Operating Military Housing
“DOD can also fully terminate a project, but has never identified the need to do so,” the report said. Continue Reading Defense Dept. Faulted on Oversight of Private Companies Operating Military Housing
Fannie Mae Home Purchase Sentiment Index Inches Up Slightly
The index is still near its historical low. Continue Reading Fannie Mae Home Purchase Sentiment Index Inches Up Slightly
Zillow: People of Color Pay Higher Upfront Costs on Rental Housing
Zillow also reported people of color were paying more on security deposits for their rental housing. Continue Reading Zillow: People of Color Pay Higher Upfront Costs on Rental Housing
NY Times Publishes Report Claiming Age Discrimination in Mortgage Applications
The Times did not include any input from mortgage professionals in its coverage. Continue Reading NY Times Publishes Report Claiming Age Discrimination in Mortgage Applications
Spotlight On: Thomas Ferrier and Tommie Mac Inc.
“We want to change the way homeowners are able to access the equity in their home,” said Thomas Ferrier. Continue Reading Spotlight On: Thomas Ferrier and Tommie Mac Inc.
Freddie Mac Reports Mortgage Rate Drop
“Mortgage rates continue to trend down entering the traditional spring homebuying season,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Freddie Mac Reports Mortgage Rate Drop
New York City Leads Nation in Property Taxes
The only major metro where property taxes are lower than $1,000 a year is Birmingham. Continue Reading New York City Leads Nation in Property Taxes
California Homeownership Affordability Continues to Evaporate
A minimum annual income of $186,800 was needed to qualify for the purchase of a $822,320 statewide median-priced, existing single-family home in 2022. Continue Reading California Homeownership Affordability Continues to Evaporate
