After a year of strong results, sales of newly built homes took a major step back last month. Data released Tuesday by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development (HUD) shows new-home sales in October clocking in at a seasonally adjusted annual rate of 610,000 — a 17.3% decline…
"November 2024" Archives
Archive page
With just hours to go before Judge Stephen R. Bough holds a final approval hearing for the National Association of Realtors’ (NAR) commission lawsuit settlement agreement , the trade association has fired back at the statement of interest filed Sunday by the Department of Justice (DOJ). In its filing, NAR mentions that the DOJ’s statement of interest is “non-binding” and…
The Federal Housing Finance Agency (FHFA) has set a new baseline conforming loan limit of $806,500 for one-unit properties in 2025, authorizing Fannie Mae and Freddie Mac to purchase mortgages up to this amount. The new limit reflects a 5.2% increase over the current $766,550 cap for 2024, aligning with home price trends. The adjustment…
U.S. home-price growth continued to cool in September. The S&P CoreLogic Case-Shiller national home-price index (HPI) rose 3.9% annually to a reading of 324.80 in September, according to data released Tuesday. This increase is down from a 4.3% annual gain in August and a 5% jump in July, and it marks the lowest year-over-year increase since August 2023….