U.S. Housing Market
Maine Home Sales Up 10.73% from Last Year
The median sales price for homes sold hit $426,000, up 7.85% from October 2024. Continue Reading Maine Home Sales Up 10.73% from Last Year
MBA Chief Calls for Federal Probe into Price Hikes on Credit Reporting Products
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit is calling for a federal investigation into recent price increases for credit reporting products. In a post on LinkedIn, Broeksmit stated, “I was hoping it was April Fool’s Day, but it feels more like...
Mortgage Rates on the Rise Again
The 30-year fixed-rate mortgage averaged 6.75% as of July 17. Continue Reading Mortgage Rates on the Rise Again
Mortgage Applications on New Home Purchases Up 8.5% from Last Year
The average loan size for new homes decreased from $379,209 in May to $376,077 in June. Continue Reading Mortgage Applications on New Home Purchases Up 8.5% from Last Year
Builder Confidence Inches Up Slightly
The latest HMI survey found 38% of builders cutting prices in July, the highest percentage since NAHB began tracking this figure in 2022. Continue Reading Builder Confidence Inches Up Slightly
Home sales plummet in South Florida. Why do prices keep rising as housing market deflates?
Source: Florida Trend --- Home sales plummet in South Florida. Why do prices keep rising as housing market deflates? Many prospective homebuyers sent a strong message at the start of 2023: they are done trying to buy homes in South Florida, as annual sales nosedived...
What to expect as Spring Real Estate Market is about to kick into high gear
Source: Boston 25 News --- Mass — This is the time when home buyers and sellers come out of hibernation. The spring real estate market is the busiest time of year. Melissa Philley and her husband just hit the jackpot: they had an offer accepted on a single-family home...
Boise Housing Market Forecast
Source: US News --- Located near the foothills of the Rocky Mountains, Boise, Idaho consistently ranks highly among other metro areas for its quality of life and fast growth. Boise is a hub for many industries and a growing tech sector has helped boost the small...
Nearly 9 in 10 first-time sellers think they could have gotten a higher price by making different choices
An overwhelming share of Americans who sold a home for the first time in the past two years wish they had done something differently (84%). A new Zillow® survey conducted online by The Harris Poll finds that even in a sellers' market, many recent first-time sellers...
Opteon Announces Expanded Consumer Appraisal Offerings
Opteon, an international provider of valuation, advisory, and property services, has announced the expansion of its direct-to-consumer business model. This expansion will provide homeowners and buyers, as well as real estate, legal, and tax professionals, with the...
260 Acres in Bel Air: Greater Los Angeles’ Largest and Last Private, Undeveloped Parcel, is For Sale
Senderos Canyon, an undeveloped land opportunity in Los Angeles, CA, USA, comprised of approximately 260 pristine acres in the heart of prestigious Bel Air, is for sale by auction until the deadline of 4pm PT, March 15, 2023. Situated across three contiguous...
Home remodeling is slowing down, but ‘historic boom’ is coming
Source: Yahoo! News --- Americans looking to remodel their home are pulling back, but better days are ahead for the industry. "Remodeling is slowing, but there's a historic boom coming," Eric Finnigan, VP of research & demographics at John Burns Real Estate...
Equifax Adds More Monthly Payments to Consumer Credit Files
Equifax is now offering additional insight into consumer credit by including certain telecommunications (telco), pay TV and utilities attributes available to the mortgage industry. The company says this will help create greater home ownership opportunities for more...
Credit Union Documentary Racks up Festival Wins
A documentary film produced by the digital media division of PenFed Credit Union, the nation's second-largest federal credit union, has been winning awards on the film festival circuit. The documentary short film "The Shot" has won numerous awards and screened for...
S&P Corelogic Case-Shiller Index Declined Again in December
Home price gains continued to drop across the United States according to the latest results for the S&P CoreLogic Case-Shiller Indices. Before seasonal adjustment, the U.S. National Index posted a -0.8% month-over-month decrease in December, while the 10-City and...
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