The real estate industry threw some curveballs. Take Inman’s real estate news quiz to demonstrate how strong your talking points and cocktail banter are this week.
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According to Attom Data Solutions’ latest Rental Affordability Report, buying is more affordable than renting for the average wage earner in the majority of U.S. markets, despite home-price growth outpacing wage growth. Continue reading
A decade after the Great Recession, the federal government wants to lure banks back into the Federal Housing Administration program that caters to first-time homebuyers, and this week announced regulatory changes meant to make that program more appealing. Continue reading
Approved by the Federal Reserve on Friday, the adjustment, from $250,000 to $400,000, marks the first time in 25 years such an appraisal threshold has changed. Continue reading
Sales of new, single-family homes rose an astounding 18 percent year-over-year in August, according to the U.S. Census Bureau. Continue reading
The median sales prices of all new homes sold in July hovered at $312,800, according to the U.S. Census Bureau and the Department of Housing and Urban Development. Continue reading
The number of privately-owned housing units authorized by building permits dropped 6.1 percent from May to June and fell 6.6 percent year-over-year. Continue reading
According to a primer provided by HUD, eligibility for programs is based on three income levels — extremely low income (less than 30 percent of the median family income), very low (less than 50 percent of the median family income), and low (less than 8… Continue reading
Residential housing starts fell a staggering 11.2 percent in December, according to a new residential sales report released by the U.S. Census Bureau. Continue reading
Federal workers either not being paid or currently furloughed as a result of the government shutdown are estimated to owe approximately $438 million in mortgage and rent payments this month. Continue reading