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Housing Market

Household income climbs in some big cities, outweighed by inflation in others

Affordability, California, Data & Visuals, Florida, Home Price Appreciation, Home Prices, Housing Market, HWmember, Inflation, Minneapolis, Minnesota, SmartAsset, Tampa /

Household income in the U.S. rose slightly in 2024, but the picture looks very different depending on where you live. The national median income reached $83,730 last year, up 1.3% from 2023, according to a new report from online fintech company SmartAsset. That modest increase failed to keep pace with the roughly 3% inflation rate, […]

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Mortgage rates go wild following Fed rate cut and Powell remarks

Federal Reserve, Housing Market, HWmember, Jobs Report, Mortgage Rates, Purchase Applications /

Mortgage rates have had a wild ride since Fed Chair Jerome Powell started talking at the Fed press event Wednesday, rising 15 basis points today. However, I think the bond market responded appropriately after the Fed meeting, and on Thursday morning. Why? Even though the Fed lowered rates, the tone of the press conference was

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Disappointing housing permits show why we need 6% mortgage rates

Federal Reserve, Homebuilders, Housing Market, Housing Starts, HWmember, Mortgage Rates /

Homebuilders in America are cheering, not because of the disappointing housing permit data released today, but because mortgage rates are near 6%. We have seen four consecutive months of job losses in residential construction labor, as mortgage rates have been elevated and builders’ inventory has been piling up. Housing permits, which have been declining since early 2022,

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Best time to buy a house? Mid-October 2025 favors buyers

Agent, Homebuying, Housing Inventory, Housing Market, HWmember, Mortgage Rates, Real Estate, Real Estate Listings, Realtor.com /

The week of Oct. 12–18 will be the best time for homebuyers in 2025, according to Realtor.com’s annual Best Time to Buy Report. The analysis projects buyers could see 32.6% more active listings compared to the start of the year, home prices averaging $15,000 lower than summer peaks and 30.6% less competition. “After years of

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FEMA funds blocked illegally, GAO finds

Disaster Relief, FEMA, Government, Housing Market, HWmember, Politics, Trump administration /

A federal watchdog has ruled that the Federal Emergency Management Agency (FEMA) broke the law by blocking or delaying aid money that Congress had already approved, including funds for programs that provide shelter and food. The Government Accountability Office (GAO), which oversees federal spending on behalf of Congress, said in a decision released this week

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RAND study reveals key strategies to boost housing voucher effectiveness

Affordable housing, Housing Market, Housing Policy, HUD, HWmember, Multifamily Housing, Rental Assistance, Single-Family Rentals /

RAND and the Terner Center for Housing Innovation at the University of California at Berkeley have released a joint report examining how local housing agencies can more effectively use federal housing vouchers. The study, funded by the Cooper Housing Institute, found that while the Housing Choice Voucher (HCV) program — popularly known as Section 8

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Miami luxury home prices soar to $1.13 million, nearly triple national average

Artificial Intelligence, Construction, Florida, Florida Association of Mortgage Professionals, Florida Housing Market, Housing Market, Luxury Real Estate, Miami, Mortgage, Multifamily Housing, Real Estate, Single-Family Housing /

New construction drives market with $2.29 million average price tag as future builds signal even higher luxury premiums Miami’s real estate market continues to outpace national trends with average home prices reaching $1.13 million, nearly triple the national average of $647,307, according to the latest market data. The city’s luxury segment is driving much of

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North Carolina housing market offers 20% price advantage over national average

Artificial Intelligence, Charlotte, Construction, First-Time Homebuyers, Housing Market, Investors, Mortgage, North Carolina, Real Estate /

The North Carolina housing market delivers significant value for homebuyers. Current data shows 62,710 active listings with an average home price of $519,908. This represents a 19.7% discount compared to the national average of $647,307. The Tar Heel State provides abundant options for first-time buyers, with more than one-third of all listings priced below $300,000.

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Amazon-backed affordable housing hits Seattle milestone

Affordable housing, Amazon, Housing Market, HWmember, Multifamily Housing, Rental Properties, Seattle, Washington /

Amazon has reached a milestone of 10,000 affordable housing units funded in Seattle’s Puget Sound region, part of the $2 billion Housing Equity Fund the online retail giant launched in 2021. The announcement coincides with the opening of Connection Angle Lake — a 130-unit development from Mercy Housing built with the help of a $17

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Trump wants quarterly earnings reports to become a relic of the past

Donald Trump, Earnings, Housing Market, HWmember, Regulatory, Securities and Exchange Commission, Trump administration /

President Donald Trump on Monday renewed his call for U.S. companies to move away from quarterly earnings reports, building upon an idea he floated during his first term. Since 1970, the nearly 3,700 publicly traded companies in the U.S. — including mortgage and real estate companies — have been required to disclose their financial results

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