U.S. Housing Market
Hits and Misses for the Real Estate Week of Aug. 24-28
Bigger price tags on smaller homes, the Chicago Bears refuse to commit to a new stadium site, and Dolly Parton’s commercial real estate success. Continue Reading Hits and Misses for the Real Estate Week of Aug. 24-28
The Mortgage Market Is Healthy. That Doesn’t Mean Every Homeowner Is
The mortgage market remains healthy overall, but FHA serious delinquencies have climbed sharply. John G. Stevens argues that the industry should understand why borrowers are struggling before today’s warning signs become tomorrow’s foreclosure statistics. Continue Reading The Mortgage Market Is Healthy. That Doesn’t Mean Every Homeowner Is
More Homes Are Hitting the Market. Fewer Buyers Are Stepping Up
More homes are hitting the market while fewer buyers are signing contracts, creating greater negotiating power for buyers who can still afford to purchase. Continue Reading More Homes Are Hitting the Market. Fewer Buyers Are Stepping Up
Real REMAX Stops Selling New Motto Mortgage Franchises After Merger
Real REMAX is ending sales of new Motto Mortgage franchises just days after completing its combination, signaling an early change in the new company’s mortgage strategy. Continue Reading Real REMAX Stops Selling New Motto Mortgage Franchises After Merger
AI Is Getting a Bigger Role in Home Valuations. Borrowers Need a Better Way to Challenge It
AI and automated valuation tools are taking a larger role in mortgage lending. The technology can improve speed and efficiency, but borrowers need a practical way to address a valuation when the underlying property information or result is wrong. Continue Reading AI Is Getting a Bigger Role in Home Valuations. Borrowers Need a Better Way to Challenge It
Compass Hit with Antitrust Lawsuit by NYC Renters
The lawsuit said the company “is responsible for a conspiracy to monopolize and harm hardworking New Yorkers in the New York City-metro area.” Continue Reading Compass Hit with Antitrust Lawsuit by NYC Renters
The Town with the Most Expensive Housing Market Is…
Among the 10 priciest towns, Nantucket and Vineyard Haven were the only two east of the Mississippi River. Continue Reading The Town with the Most Expensive Housing Market Is…
More Closed Sales, Fewer Pending Sales Across Mid-Atlantic Region
Also on the rise was the median sold price in July – $450,999, up 2.5% year-over-year. Continue Reading More Closed Sales, Fewer Pending Sales Across Mid-Atlantic Region
California Realtors-Backed Group Sues 3 Cities for Limiting Housing Near Transit
“Cities throughout California must play by the same set of rules established by our legislature for the development of housing,” said CAR President Tamara Suminski. Continue Reading California Realtors-Backed Group Sues 3 Cities for Limiting Housing Near Transit
Report: Prince Harry and Meghan Not Planning to Sell California Mansion
Harry and Meghan came to California in 2020 after stepping down from their royal duties, purchasing a home in Montecito for $14.6 million. Continue Reading Report: Prince Harry and Meghan Not Planning to Sell California Mansion
Home Purchase Cancellations at Highest Level in Nearly 3 Years
Redfin noted the deals were falling through at a higher rate than in 2020-2022, when the housing environment was in a hot seller’s market. Continue Reading Home Purchase Cancellations at Highest Level in Nearly 3 Years
Pennsylvania Home Sales Slowed in July
The median home price edged lower by 3% in July to $330,000, down from the all-time high of $340,000 in June. Continue Reading Pennsylvania Home Sales Slowed in July
Stark Enterprises Unveils Plans for First Community in Iowa
Construction is anticipated to begin later this year, with the first homes expected to be delivered in 2027. Continue Reading Stark Enterprises Unveils Plans for First Community in Iowa
Stop Waiting for the Fed to Save Housing
Housing keeps waiting for the Federal Reserve to deliver relief. But mortgage rates are driven by a much larger market, and the industry needs to start paying attention to all of it. Continue Reading Stop Waiting for the Fed to Save Housing
Mortgage Rates Down for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.65% as of Aug. 20, down from last week when it averaged 6.67%. Continue Reading Mortgage Rates Down for Second Straight Week
