New mortgage applications increased in March
Mortgage applications for new homes rose 5.5% year-over-year and 14% from February, the MBA said. The average loan size fell. WASHINGTON – Mortgage Bankers Association (MBA) Builder…
Category: Hebrew Real Estate News
Florida homeowners are in crisis. Lawmakers want to offer tax breaks as a solution
Florida homeowners are in crisis — but one Washington, D.C. lawmaker wants to offer tax breaks as a way to ease the burden. Rep. Vern Buchanan, a Republican from the Sunshine State,…
US housing supply still lags behind demand
The U.S. still has a shortage of millions of homes as prices remain high and construction stalls, leaving many buyers out of the market despite recent construction increases. WASHINGTON – The U.S. is short of…
Houston unveils nation's first Tesla-powered home community as Elon Musk faces criticism - yet homes sell quickly
A one-of-a-kind community made up entirely of Tesla-powered homes has sparked a surge of interest from buyers in Houston — even as clean energy company founder Elon Musk…
The housing market that was once hot during the pandemic is cooling with sales declines and inventory growth
Sweaty South Florida is in trouble. Home sales are slowing across the country, but double-digit sales declines and inventory increases in this Sunshine State region — a market that has been particularly hot in the 2000s…
A wave of fresh listings hits the market – but mortgage rates and fees threaten buyers in the spring
It’s officially the best time to sell! April 13-19 has been identified by our economic research team as the best week of the year to sell a home because it combines levels…
Mortgage rates rose slightly
The average interest rate on a 30-year mortgage rose to 6.83% from 6.62% last week, while the interest rate on a 15-year mortgage rose to 6.03% from 5.82%. WASHINGTON – The average interest rate on…
Florida ranks 21st in affordable housing; Key West has the most expensive properties in the country
According to a TradingPedia report, the median home price in the US reached $428,201 last year, while per capita income stood at $72,741 in the third quarter, meaning the average home price…
Single women are driving the housing market
Single women increasingly see homeownership as a powerful tool for building long-term wealth and stability. They make up 20% of buyers. Detroit, Michigan – Before 1974,…
Sellers enter the spring market with high hopes
A new Realtor.com survey finds that potential sellers think it’s a good time to sell, with most expecting to get their asking price despite concerns about mortgage interest rates. Austin, Texas…