U.S. Housing Market
Pending Home Sales Declined 2.3%
“The highest mortgage rates of the year hit right in the middle of summer, and that’s pulling back contract signings,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Declined 2.3%
Housing Starts Plummeted in July
“The July decline in housing starts reflects broader weakness in the housing market,” said NAHB’s Danushka Nanayakkara-Skillington. Continue Reading Housing Starts Plummeted in July
Dream Finders Homes Acquires Beazer Homes for $2.2 Billion
Dream Finders began pursuing Beazer in May when it made an unsolicited bid with a proposed all-cash transaction of $25.75 per share. Continue Reading Dream Finders Homes Acquires Beazer Homes for $2.2 Billion
Wood Partners and Marcus Partners Break Ground on Raleigh-Area Multifamily Community
The upcoming Altera Heights development will include a mix of one-, two- and three-bedroom units. Continue Reading Wood Partners and Marcus Partners Break Ground on Raleigh-Area Multifamily Community
Mortgage Rates Rise for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.69% as of Aug. 6, up from last week when it averaged 6.66%. Continue Reading Mortgage Rates Rise for Fifth Straight Week
LGI Homes Launches Master-Planned Community in Houston Suburb
Cypress Trails will bring more than 500 new single-family homes to the area. Continue Reading LGI Homes Launches Master-Planned Community in Houston Suburb
Ginnie Mae’s MBS Portfolio Reached Nearly $3 Trillion in April
The agency said the pooling and securitization of loans in April benefited more than 160,000 households, including over 58,000 first-time homebuyers. Continue Reading Ginnie Mae’s MBS Portfolio Reached Nearly $3 Trillion in April
Hits and Misses for the Real Estate Week of May 11-15
A new chairman at the Federal Reserve, a new real estate tax to bite Big Apple homebuyers, and London’s most famous rooftop will open to the public. Continue Reading Hits and Misses for the Real Estate Week of May 11-15
Florida Home Sales Activity Ratchets Up
The statewide median sales price for single-family existing homes in April was $420,000, up 1.8% from the previous year. Continue Reading Florida Home Sales Activity Ratchets Up
Groundbreaking for New 348-Unit Affordable Housing Community in Austin
Construction of Sanara is now underway with first units anticipated in April 2027. Continue Reading Groundbreaking for New 348-Unit Affordable Housing Community in Austin
Texas Attorney General Warns Localities Against Violating New Law in Raising Property Taxes
SB 1851 prohibits localities from enacting property tax increases above the no-new-revenue rate. Continue Reading Texas Attorney General Warns Localities Against Violating New Law in Raising Property Taxes
Historic Dallas Hotel Renovated into Mixed-Income Multifamily Housing
In its prime, the Cabana Hotel accommodated The Beatles and Led Zeppelin. Continue Reading Historic Dallas Hotel Renovated into Mixed-Income Multifamily Housing
Duball Previews New Apartment Community in Washington, DC
Revere is scheduled to begin pre-leasing in late 2026 with move-ins beginning in early 2027. Continue Reading Duball Previews New Apartment Community in Washington, DC
House Removes BTR Sale Provision from Senate’s Housing Bill
The revised bill now states that institutional investors do not need to sell or divest “any covered single-family home purchased before or after the date of enactment of this Act.” Continue Reading House Removes BTR Sale Provision from Senate’s Housing Bill
Mortgage Rates Dip While Delinquency Levels Rise
The 30-year fixed-rate mortgage averaged 6.36% as of May 14. Continue Reading Mortgage Rates Dip While Delinquency Levels Rise
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