According to a report from the U.S. Housing and Urban Development and Commerce Department, total housing starts fell 0.3 percent in March 2019 to a seasonally adjusted annual rate of 1.14 million units from a downwardly revised reading in February 2019.
Independent mortgage banks and mortgage subsidiaries of chartered banks in the U.s. made an average profit of $367 on each loan they originated in 2018, down from $711 per loan in 2017.
Over 1,737 villas and 6,194 apartments were transacted within the first quarter of 2019 in the overall residential market. Volume of transactions in the secondary market was AED 20.4 billion, compared to AED 18.5 billion in Q4 2018.
Based on the Mortgage Bankers Association's newly released Builder Application Survey for March 2019, U.S. mortgage applications for new home purchases increased 7 percent compared to a year ago. Compared to February 2019, applications increased by 19 percent. This change does not include any adjustment for typical seasonal patterns.
According to the California Association of Realtors, lower interest rates in more than a year have boosted California's housing market and kept home sales level in March 2019, after an exceptionally strong performance the previous month.
According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates rose modestly this 2nd week of April 2019, with the 30-year fixed-rate averaging 4.12 percent. Rates moved up slightly this week while mortgage applications decreased following last week's jump in rates.
A total of 161,875 U.S. properties with a foreclosure filing during the first quarter of 2019, down 23 percent from the previous quarter and down 15 percent from a year ago to the lowest level since Q1 2008.
Home sellers in the United States spend $20,851 on average to sell their homes. This includes closing costs, but also the improvements and other projects made when people are preparing their homes for sale.
According to the newly released 2018 Profile of International Home Buyers Report by the Miami Association of Realtors and the National Association of Realtors, foreign buyer activity in South Florida had a significant 23 percent spike in 2018.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending April 5, 2019, U.S. mortgage applications decreased 5.6 percent from one week earlier.
The Greater Las Vegas Association of Realtors is reporting this week that local home prices inched back up to the $300,000 mark in March 2019 while fewer properties changed hands and more homes were on the market than one year ago.
The National Association of Realtors is reporting this week that one in six Gen Xers purchased a multi-generational home, overtaking younger boomers as the generation most likely to do so; with 52 percent of those Gen X buyers indicating that they did so because their adult children have either moved back or never left home.
According to Freddie Mac's latest Primary Mortgage Market Survey, U.S. mortgage rates held steady in the first week of April 2019, after seeing major drops last week. Purchase mortgage application demand saw the second highest weekly increase over the last year.
According to ATTOM Data Solutions 2018 property tax analysis of more than 87 million U.S. single family homes, property taxes levied on single family homes in 2018 totaled $304.6 billion, up 4 percent from $293.4 billion in 2017.
According to new research from Zillow, real estate investors appear to be flocking to Opportunity Zones in the U.S.
According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending March 29, 2019, mortgage applications increased 18.6 percent from one week earlier.
Based on recent data from the American Housing Survey, nearly two-thirds of first-time home buyers in the U.S. say a better home is the top reason for moving, followed by household formation, 61 percent and a better neighborhood, 49 percent.
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes rose to a seasonally adjusted annual rate of 667,00 units in February 2019 after an upwardly revised January 2019 report.