U.S. Housing Market
Home Values Decline for Sixth Consecutive Month
The monthly mortgage payment on a typical home is now $1,733, which 8.4% less expensive than one year ago. Continue Reading Home Values Decline for Sixth Consecutive Month
Champion Homes Opens 67-Unit Affordable Community in Fresno
“The ability to use manufactured housing for scale and speed-to-market has a real impact,” said Champion Homes’ Chuck Bleth. Continue Reading Champion Homes Opens 67-Unit Affordable Community in Fresno
Multifamily Housing Proposed at Site of Shuttered Historic San Francisco Theater
The Empire Theater opened in 1925 and permanently closed in February 2021. Continue Reading Multifamily Housing Proposed at Site of Shuttered Historic San Francisco Theater
Builders Predict Construction Uptick in Single-Family Housing for 2026
“While mindful of some weakening for the labor market, the economy remains in solid shape,” said Robert Dietz, NAHB chief economist. Continue Reading Builders Predict Construction Uptick in Single-Family Housing for 2026
Mortgage Application Activity Starts 2026 with a Whimper
The FHA share of total applications increased to 20.0% from 18.4% the week prior. Continue Reading Mortgage Application Activity Starts 2026 with a Whimper
Mortgage Rates Inches Up, Homebuyer Affordability Inches Down
The 30-year fixed-rate mortgage averaged 6.89% as of May 29. Continue Reading Mortgage Rates Inches Up, Homebuyer Affordability Inches Down
New Jersey’s Bergen County to Put Property Deeds on Blockchain Network
This endeavor will impact the property record management for 370,000 property deeds representing roughly $240 billion worth of real estate in 70 municipalities. Continue Reading New Jersey’s Bergen County to Put Property Deeds on Blockchain Network
Pending Home Sales Down 6.3% in April
All four regions recorded a month-over-month loss in transactions. Continue Reading Pending Home Sales Down 6.3% in April
Data Reports Affirm Housing Supply Outpaces Demands
“The balance of power in the US housing market has shifted toward buyers,” said Redfin Senior Economist Asad Khan. Continue Reading Data Reports Affirm Housing Supply Outpaces Demands
Report: Texans Lead the Nation for Buying Newly Constructed Homes
Texans were also ahead of the nation for buying multi-generational homes. Continue Reading Report: Texans Lead the Nation for Buying Newly Constructed Homes
Schumer Slams Trump’s Plan to Take Fannie Mae and Freddie Mac Public
Schumer declared without statistical evidence that Trump’s initiative would add between $1,800 to $2,800 to annual mortgage costs. Continue Reading Schumer Slams Trump’s Plan to Take Fannie Mae and Freddie Mac Public
Arrive Home Debuts New Iterations of Earned Equity Program
The new EEP Pathway designed for “ITIN and certain Visa statuses individuals who may be solid long-term renters looking to move on to homeownership.” Continue Reading Arrive Home Debuts New Iterations of Earned Equity Program
Investors Say ‘No, Thanks!’ to Buying Condos
While investors are shying away from condos, they are continuing to pursue single-family homes. Continue Reading Investors Say ‘No, Thanks!’ to Buying Condos
Mortgage Application Activity Drops as Home Prices Rise
The first quarter home prices were up on a year-over-year basis in 49 states and the District of Columbia; Hawaii was the lone state with a price decline. Continue Reading Mortgage Application Activity Drops as Home Prices Rise
Buffalo Council Approves 8% Property Tax Hike
Acting Mayor Scanlon put forth the 8% property tax levy increase proposal last month, claiming it would generate around $13.7 million. Continue Reading Buffalo Council Approves 8% Property Tax Hike
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