With the passage of California's Assembly Bill 1482 this week, California's Realtors issued the following statement of from State's Association president Jared Martin:
80 percent of American households believe the nation is suffering a housing affordability crisis and at least 75 percent report this is a problem at the state and local level as well.
While home values have recovered since the Great Recession and, in many cases, surpassed their pre-recession peaks, single-family home construction activity has continued to languish.
According to CoreLogic's latest monthly Loan Performance Insights Report, on a national basis 4% of U.S. mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in June 2019
According to Zillow, in the decade following the Great Recession, job growth has been disproportionately concentrated to the largest U.S. job centers, and home values in these markets have risen accordingly.
GLVAR reported that the median price for existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during August was $305,000. That's up 3.4% from $295,000 in August of 2018.
According to Freddie Mac's latest Primary Mortgage Market Survey for the first week of September 2019, the 30-year fixed-rate mortgage rate in the U.S. averaged 3.49 percent, the lowest it has been since October 2016.
U.S. home prices rose both year over year and month over month. Home prices increased nationally by 3.6% from June 2018. On a month-over-month basis, prices increased by 0.5% in July 2019.
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage rate in the last week of August 2019 averaged 3.58 percent in the U.S., a slight increase from last week.
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $1,675 on each loan they originated in the second quarter of 2019, up from a reported gain of $285 per loan in the first quarter of 2019.
According to Zillow, entry-level teachers will need to spend more than half of their salaries on the typical rent in 19 of the 50 largest U.S. metro areas this school year.
According to the National Association of Realtors, pending U.S. home sales fell in July 2019, reversing course on two consecutive months of gains. Of the four major regions, each reported a drop in contract activity, although the greatest decline came in the West.
Potential risk of storm surge damage based on its projected Category 3 status at landfall.
Roughly 80 percent of those zones had median home prices in the second quarter of 2019 that were below the national figure of $266,000 and that half had median prices of less than $150,000.
According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family U.S. homes fell 12.8 percent to a seasonally adjusted annual rate of 635,000 units in July 2019, off a strongly revised upward reading in June 2019.
Based on the latest results of the National Association of Home Builders' Multifamily Market Survey, U.S. builder confidence for new multifamily housing improved in the second quarter of 2019.
According to Freddie Mac's latest Primary Mortgage Market Survey, the 30-year fixed-rate mortgage rate in the U.S. averaged 3.55 percent, the lowest it has been since November 2016.
Thirteenth Consecutive Month-Over-Month Decline. States with the worst foreclosure rates in July were New Jersey, Delaware, Florida, Illinois and Maryland.