U.S. Housing Market
Mortgage Rates Decline Slightly
The 30-year fixed-rate mortgage averaged 6.67% as of Aug. 13, down from last week when it averaged 6.69%. Continue Reading Mortgage Rates Decline Slightly
Multifamily Lending Volume Up 32% Year-Over-Year in 2025
The top five multifamily lenders in 2025 by dollar volume were JPMorgan Chase & Co., Wells Fargo, Walker & Dunlop, Berkadia, and CBRE. Continue Reading Multifamily Lending Volume Up 32% Year-Over-Year in 2025
Median Asking Rent for Los Angeles County at 5-Year Low
The median asking rent is 9.6% below its 2022 peak, representing a monthly savings of $276 for the typical renter compared with peak pricing. Continue Reading Median Asking Rent for Los Angeles County at 5-Year Low
Work Halted on Another NYC Office-to-Residential Conversion Project
SL Green has scheduled its project to be completed in 2029. Continue Reading Work Halted on Another NYC Office-to-Residential Conversion Project
Ground Broken on Affordable Senior Housing Development in Salt Lake City
Construction is expected to be completed by the end of 2027. Continue Reading Ground Broken on Affordable Senior Housing Development in Salt Lake City
Report: 65% of Homebuyers View First Purchase as Their Forever Home
Many buyers are purchasing their first home only after starting a family. Continue Reading Report: 65% of Homebuyers View First Purchase as Their Forever Home
California Home Sales Fizzle as Median Home Price Spikes by 7.1%
The statewide Unsold Inventory Index declined 17.5% from February and was down 5.7% from March 2025. Continue Reading California Home Sales Fizzle as Median Home Price Spikes by 7.1%
Toll Brothers Acquires Buffington Homes of Arkansas
Founded in 2010, Buffington Homes is the largest luxury homebuilder in northwest Arkansas. Continue Reading Toll Brothers Acquires Buffington Homes of Arkansas
Mortgage Application Activity Up 8%
The FHA share of total applications remained unchanged at 18.2% from the week prior. Continue Reading Mortgage Application Activity Up 8%
Pending Home Sales Up 1.5% in March
Month-over-month pending home sales increased in the Northeast and South but declined in the Midwest and West. Continue Reading Pending Home Sales Up 1.5% in March
Report: Land Prices Soared 77% Since the Pandemic
Raw land has appreciated the most of any development category, up 86.5% since the first quarter of 2019. Continue Reading Report: Land Prices Soared 77% Since the Pandemic
PennyMac Unveils Special Mortgage Program for Team USA Olympic Athletes
PennyMac Financial Services Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT), the Official Mortgage Provider of Team USA and the 2028 Los Angeles Olympic and Paralympic Games, had unveiled the “Welcome Home: Athlete Mortgage Program,” an initiative...
Southern Impression Homes Completes First Phase of 213-Unit Dallas-Area BTR Community
Southern Impression Homes is a subsidiary of Japan’s Sumitomo Forestry, which acquired an 80% interest in the company in 2023. Continue Reading Southern Impression Homes Completes First Phase of 213-Unit Dallas-Area BTR Community
Cole West Closes on 38 Homesites for New Utah Community
Development is slated to begin this summer, with home sales commencing early next year with prices expected to start in the $700,000s. Continue Reading Cole West Closes on 38 Homesites for New Utah Community
REMAX: March Home Sales Up Nearly 32% From February
The median sales price increased to $440,000 last month, which was $10,000 (2.3%) higher than February and $5,000 (1.1%) more than March 2025. Continue Reading REMAX: March Home Sales Up Nearly 32% From February
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