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Pending Home Sales Tumbled 7.1% in August
Pending home sales slid 7.1% in August, according to the National Association of REALTORS®. All four U.S. regions posted monthly losses and year-over-year declines in transactions. "Mortgage rates have been rising above 7% since August
CONSTRUCTION EMPLOYMENT INCREASES IN 223 OF 358 METRO AREAS BETWEEN AUGUST 2022 AND AUGUST...
Dallas-Plano-Irving, Texas, and Baton Rouge, La. Register the Largest Number and Percent of Job Gains; Houston-The
Senior Home Equity Levels Rebound to $12.7 Trillion in Q2
Homeowners 62 and older saw their housing wealth increase by $820 billion in the second quarter of 2023 to $12.69 trillion, according to the latest quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index.
Rebuilding? Check First with Local Authorities About Permits
FDEM’s Office of Floodplain Management and FEMA remind residents planning to make repairs or rebuild after Hurricane Idalia to consult with their community’s building or planning
MBA Opens Doors Foundation Kicks Off 2024 Fundraising Season with Nearly $2.7 Million in...
The MBA Opens Doors Foundation (Opens Doors) today announced it received $2,684,526 in corporate and individual donations during its Annual Appeal fundraising campaign to kick
Housing Starts Lower on Rising Mortgage Rates
Higher mortgage rates averaging above 7% put a damper on single-family production in August, as builders also continue to face supply-side challenges in the form of elevated construction costs, a lack of skilled labor and a shortage of buildable lots.
California Protects Greater Joshua Tree Landscape from Contentious Project with New Legislation
The California State Legislature has advanced historic energy procurement legislation (AB 1373) that takes a strong stance against the contentious Eagle Crest Pumped Storage Energy Project proposed near Joshua Tree National Park.
Elevated Home Prices and Mortgage Rates, Limited Inventory are Home Buying Barriers, According to...
The current real estate market's high home prices and mortgage rates, as well as limited inventory, are the top reasons that
Congressman Lamborn’s Statement Following Meeting with Balfour Beatty Communities on Fort Carson Housing Issues
RealEstateRama - Congressman Doug Lamborn met with Balfour Beatty Communities (BBC) President, Christopher Williams, to
Urban Land Institute Welcomes Distinguished Real Estate Leaders to Key Governing Bodies
More than 30 internationally-renowned real estate industry leaders have been elected to four-year terms as Urban Land Institute (ULI) Global Governing Trustees, while numerous other
August New Home Purchase Mortgage Applications Increased 20.6 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2023 shows mortgage applications for new home purchases increased 20.6 percent compared from a
Just-Released Report Identifies Solutions for Closing Chicago’s Racial Homeownership Gap
The report’s policy recommendations are the result of work between community organizations and different kinds of mortgage lenders, as part of the Mortgage Access Initiative led by Woodstock Institute and Neighborhood Housing Services
Large Metro Markets Show Biggest Slowdown in Single-Family Construction
Rising mortgage rates and elevated construction costs have taken a toll on the pace of single-family construction in markets across the nation, with the slowdown most pronounced in large metro
NEW SURVEY SHOWS SIGNIFICANT FLAWS IN NATION’S APPROACH TO PREPARING WORKERS FOR CONSTRUCTION CAREERS...
88 Percent of Construction Firms Having a Hard Time Finding Workers to Hire, Undermining Efforts to Build Infrastructure &
NFHA and Fellow Fair Housing Advocates File Amicus Brief in Supreme Court Supporting the...
The National Fair Housing Alliance (NFHA), 50 of its operating members, and three fair housing testers filed an amicus brief in the U.S. Supreme Court in Acheson Hotels v. Laufer, a case that will decide whether testers have standing to pursue claims under the Americans with Disabilities Act (ADA).
GCAAR housing stats | July ‘23
The regional median sold price for residential properties for July was $611,000, representing a decrease of 2.2% compared to last month and an increase of 2.7% from July 2022. The average days on market for units sold in July was 21 days, 5% below the 5-year July average of 22 days
Pending Home Sales Elevated 0.9% in July, Marking Second Consecutive Monthly Increase
Pending home sales increased 0.9% in July – rising for the second consecutive month – according to the National Association of REALTORS®. The Northeast and Midwest posted monthly losses
CONSTRUCTION EMPLOYMENT INCREASES IN 226 OF 358 METRO AREAS BETWEEN JULY 2022 AND JULY...
Dallas-Plano-Irving, Texas, Yuba City, Calif., and Corvallis, Ore. Lead the Nation in Employment Increases; Miami-Miami Beach
New Home Sales Increase in July Despite Higher Mortgage Rates
Low existing inventory and solid demand more than offset rising mortgage rates and elevated construction costs to boost new home sales last month. Sales of newly built, single-family homes
Mortgage Application Payments Flat in July
Homebuyer affordability in July was challenging but mostly unchanged from June, with the national median payment applied for by purchase applicants remaining at $2,162. This is according to the Mortgage Bankers Association's (MBA) Purchase
