Housing markets

Manufactured housing could see eased lending rules if the defense bill removes the "permanent chassis" requirement, expanding FHA mortgage eligibility.

A recent Remax survey found 88% of respondents said they are "very" or "somewhat likely" to purchase a home next year.

New York developers are transforming struggling office buildings into more than 12,000 new apartments in a bid to help offset the city's worst housing crisis in decades. 

Of the 50 highest risk markets in the country, 16 reside in California, followed by New Jersey with nine, Attom found.

Gallego introduced legislation to amend the EB-5 immigrant investor visa program in order to funnel more money into the construction and rehabilitation of homes. 

But just three of the 150 most populous ZIP codes have a mortgage debt-to-income ratio below the conforming threshold of 28%, Movingplace found.

In the New Jersey case, MV Realty and its principals agreed to pay $28 million in fines and restitution for these "Homeowner Benefit Agreements."

Housing affordability will improve by 3% next year, according to First American's September Real House Price Index.

An expanded data set based on the third quarter annual price changes is what the Federal Housing Finance Agency uses to calculate next year's conforming loan limits.

Nearly 85,000 sellers removed their properties in September, the highest number for that month in eight years, according to Redfin.

Luxury home prices rose 5.5% year over year in October to a median $1.28 million, far outgaining the 1.8% increase of nonluxury homes.

While some international purchasers are reluctant to buy in the U.S. right now, interest in investment properties still abounds, the CEO of Waltz said.

The national median payment applied for by purchase applicants fell to $2,039 in October from September, the Mortgage Bankers Association said.

Sales of previously owned homes in the US rose in October to the fastest pace in eight months, as buyers took advantage of lower mortgage rates and gained the upper hand over sellers in some markets.

While Redfin argues the housing market is stuck and First American was cautious, Remax and Zillow had positive observations about the month's sales activity.

In November, 41% of builders reported cutting prices, a record in the post-Covid period, according to Tuesday's report. More broadly, 65% reported using sales incentives, unchanged from the prior two months.

Home Depot's bleak forecast provides another warning about the strength of US consumers in the absence of official economic data during the US government shutdown.

The hidden costs of homeownership total nearly $16,000, rising 4.7% in the past year.

For the second consecutive week, the 30-year fixed rate mortgage increased as investors were still sorting through the lack of information due to the shutdown.

Fed Gov. Stephan Miran has spent his short tenure at the central bank arguing that disinflation in housing and immigration reforms will tamp down inflation in the near term. But other economists say the timing, degree and context of those effects is very much in question.