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
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
Hits and Misses for the Real Estate Week of Sept. 1-5
A decades-old crime is solved, an emergency without urgency is declared, and bizarre happenings in the UK and Canada. Continue Reading Hits and Misses for the Real Estate Week of Sept. 1-5
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
Production Profits Plummet for Independent Mortgage Banks
“For the first time since the inception of MBA’s report in 2008, net production income was in the red in 2022, with losses averaging 13 basis points,” said MBA’s Marina Walsh. Continue Reading Production Profits Plummet for Independent Mortgage Banks
$339.8 Billion Collected in U.S. Single-Family Home Property Taxes in 2022
The states with the highest effective property tax rates in 2022 were New Jersey (1.79%), Illinois (1.78%), Connecticut (1.57%), Vermont (1.43%) and Nebraska (1.36%). Continue Reading $339.8 Billion Collected in U.S. Single-Family Home Property Taxes in 2022
FHFA Updates GSEs’ Equitable Housing Finance Plans
“Bringing more equity into the housing finance system is a step in the right direction,” said FHFA Director Sandra L. Thompson. Continue Reading FHFA Updates GSEs’ Equitable Housing Finance Plans
Will Continued Financial Stress on Americans Drive Down Home Sales?
A study published in February by PYMNTS determined that 62% of American adults are living a paycheck-to-paycheck existence. Continue Reading Will Continued Financial Stress on Americans Drive Down Home Sales?
Mortgage Applications Down 4.1%
“Spring has arrived, but the housing market is missing the customary burst in listings and purchase activity that typically mark the season,” said MBA Chief Economist Mike Fratantoni. Continue Reading Mortgage Applications Down 4.1%
Study: LGBTQ and BIPOC Buyers Face Greatest Obstacles to Homeownership
Realtor.com also found that LGBTQ+ and BIPOC buyers are 1.7 times more likely to have been denied mortgages two or more times. Continue Reading Study: LGBTQ and BIPOC Buyers Face Greatest Obstacles to Homeownership
Person of the Week: Mark Calabria on Running the FHFA During the Pandemic
“I don’t think there are enough books about problems actually averted – hence the title,” said Calabria. Continue Reading Person of the Week: Mark Calabria on Running the FHFA During the Pandemic
Rocket Cos. Encourages Home Buyer Savings with BUY+ Program
Rocket Homes also announced the SELL+ initiative, Continue Reading Rocket Cos. Encourages Home Buyer Savings with BUY+ Program
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