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VA mortgage lending increased 2.3% led by Millennials Oct. 23rd 2019
The number of loans backed by the Department of Veterans Affairs increased 2.3% in the 12 months through September, led by 14% gain in the number of mortgages for Millennial generation veterans and active-duty military. The post VA mortgage lending increased 2.3% led by Millennials appeared first on HousingWire.
U.S. housing affordability woes spurs uptick in homebuyer migration Oct. 23rd 2019
As more homebuyers enter the market, America’s lack of housing inventory has begun to put pressure on home prices nationwide. Redfin reports that in the third quarter of 2019, more and more Americans expressed interest in relocating to housing markets that offered them more affordable housing. The post U.S. housing affordability woes spurs uptick in homebuyer migration appeared first on HousingWire.
FHFA: U.S. home prices climb 4.6% from last August Oct. 23rd 2019
Home prices increased in September, rising only 0.2% from the previous month but up 4.6% from 2018, according to the latest monthly House Price Index. The post FHFA: U.S. home prices climb 4.6% from last August appeared first on HousingWire.
Report: Over half of homes on the market will sell below original price Oct. 22nd 2019
Is there a Black Friday looming for home sales too? Home trade-in company Knock forecasted that by the end of September 2019, 67% of listings on the market were expected to sell below their original list prices. The post Report: Over half of homes on the market will sell below original price appeared first on HousingWire.
Facebook commits $1 billion to affordable housing Oct. 22nd 2019
Facebook announced Tuesday it is committing $1 billion to help address the affordable housing crisis in California. Facebook explained that a family of four in San Francisco making more than $100,000 per year is still considered low income, and now it’s doing something to fix that. The post Facebook commits $1 billion to affordable housing appeared first on HousingWire.
NAR: Existing home sales dampened by the housing market’s lack of inventory Oct. 22nd 2019
After rising for two consecutive months, the nation’s existing-home sales declined 2.2% in September, according to the National Association of Realtors. The post NAR: Existing home sales dampened by the housing market’s lack of inventory appeared first on HousingWire.
Dallas tornado leaves 15 miles of homes with at least 50% damage probability Oct. 21st 2019
Tornados hit Dallas Sunday night, one gliding along the ground for about 15 miles. The area has at least 50% destruction probability, CoreLogic data shows. The post Dallas tornado leaves 15 miles of homes with at least 50% damage probability appeared first on HousingWire.
Harvard: Remodeling to stall in 2020 Oct. 21st 2019
Home renovation spending reached a record high this summer, according to Harvard University's Joint Center for Housing Studies. Although they expected those numbers to continue to soar through the end of 2019, the JCHS now says it expects a complete stall come 2020. The post Harvard: Remodeling to stall in 2020 appeared first on HousingWire.
Here’s how climate change could also change home values Oct. 18th 2019
Poorer communities in the U.S. are more likely to face falling home values as they struggle to adjust to floods and rising insurance costs, according to an article from Bloomberg. The post Here’s how climate change could also change home values appeared first on HousingWire.
September’s home sales nearly hit 3-year high Oct. 18th 2019
In September, America’s home sales climbed 8.1%, representing the largest year-over-year increase since 2016, according to the RE/MAX National Housing Report. Once again, buyer demand outpaced home sales, resulting in the largest inventory decline in over a year. The post September’s home sales nearly hit 3-year high appeared first on HousingWire.