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Results: 2132 Articles found.

August 2023

Only 1% of Homes Have Changed Hands This Year: Redfin

Home sales are at their lowest level in at least a decade, with around 14 homes out of every 1,000 changing hands during the first half of the year, down from 19 out of 1,000 during the first half of 2019, Redfin reported July 18. Sales have slowed due to recent interest rate hikes and a homebuying boom from 2020-21 that depleted inventory levels.

 
August 2023

Home Prices on the Rise for First Time in 5 Months, Redfin Data

Home prices rose 1.5% in recent weeks, marking the first increase in nearly five months, Redfin reported July 13. The rising prices are the result of the low inventory of homes for sale — there are 27% fewer available properties now than at the same point a year ago.

 
August 2023

Inflation Slows, but Home Sales Could Reach Lowest Level in 14 Years: Fannie Mae

Annual inflation continues to head downward with the Consumer Price Index reaching 4% in June, down from 3% in May; however, the pace of reductions likely will plateau during the next six months, Fannie Mae reported July 19 in its Economic & Housing Outlook. The report also noted that the availability of for-sale homes is expected to remain limited, which could lead to the lowest year-end sales total since 2009.

 

August 2023

Hartford, Connecticut, is Top US Housing Market: Realtor.com

Hartford, Connecticut, was the nation’s hottest housing market in June, with a median listing price of $429,000 and homes selling in an average 18 days — almost a month less than the typical time frame, Realtor.com reported July 19. Overall, housing markets in the Northeast and the Midwest dominated the hot list.

 
August 2023

Updated Fannie Mae Selling Guide Addresses Condo and Co-op Property Issues

Fannie Mae on July 5 released its updated Selling Guide, which revises eligibility policies and review requirements for condominiums and co-ops in need of critical repairs and/or that have special assessments. Additionally, it adjusts eligibility requirements for limited cash-out refinance transactions and incorporates eligibility requirements for the sale of loans aged six months or less.

 
August 2023

Miami Reclaims Title as Nation’s Hottest Rental Market, RentCafe Reveals

Florida’s apartment market is once again the most competitive in the country, claiming six spots on the list of the 20 hottest rental hubs, RentCafe.com reported July 5. Miami reclaimed the top spot after ranking second earlier this year (behind North Jersey), with an occupancy rate of 97.1%, a lease renewal rate near 72% and a Rental Competitivity Index score of 120 — double the national average.

 
August 2023

Foreclosure Activity Increases 100% in Maryland, Other States See Rates Soar: ATTOM

Foreclosure activity is on the rise, climbing 13% in the first six months of the year, ATTOM reported July 13. Some states saw foreclosure activity soar, including Maryland (up 100%), Oregon (up 99%) and Alaska (up 95%). States with the most foreclosures overall are Illinois and New Jersey.

 

August 2023

Existing Home Sales Down as Prices Near Record Highs: NAR

Existing home sales fell 3.3% between May and June and are down 18.9% from one year ago, the National Association of Realtors reported July 20. The median sales price in June was $410,200, the second-highest price ever reported.

 

August 2023

FHFA Expands UAD Dataset Aggregate Statistics

The Federal Housing Finance Agency on June 29 published its first quarter 2023 data for the Uniform Appraisal Dataset Aggregate Statistics. The data now includes information on residential property sales comparisons and on such characteristics as lot size, property condition ratings and the largest race/ethnicity group in a tract.

 
August 2023

Supply of Low-cost Rental Apartments Drops by Nearly 4 Million: Harvard Report

The supply of low-cost rental apartments declined by 3.9 million units between 2011-21, with declines reported in every state, the Harvard Joint Center for Housing Studies reported July 6. The share of rental units at $600 per month or less dropped 10 percentage points, while the share of rentals costing at least $1,400 went up 16 percentage points.

 
Results: 2132 Articles found.

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