Michigan cities and a bipartisan group of state lawmakers are backing a $160 million annual budget proposal aimed at increasing housing construction and rehabilitation through local zoning changes and financial incentives. Officials say it could spur 10,000 new homes over five years — or about 2,000 a year — at a total cost of $800 […]
Michigan cities, lawmakers seek $800M for housing incentives Read More »
Florida homebuyers are facing the same affordability challenges that other housing markets are grappling with, but with added regulatory hurdles if they want to buy a condo. The Florida Association of Mortgage Professionals (FAMP), which is hosting its annual convention this week in Orlando, is addressing those challenges head-on, looking to improve the Florida housing market
The Florida Association of Mortgage Professionals pushes for condo guideline changes Read More »
Permits for new multifamily housing construction have declined from the pace set during the COVID-19 pandemic, according to a Redfin analysis of U.S. Census Bureau data. Developers secured an average of 12.8 permits for buildings with at least five units per 10,000 people from July 2024 through June 2025. That is down 23.1% from the
Redfin: Multifamily housing permits fall from pandemic highs Read More »
As Hurricane Erin becomes the first hurricane of the 2025 season, homeowners in many parts of the U.S. are already facing double-digit insurance rate hikes, and insurers in some areas continue to pull out altogether. In high-risk, catastrophe-prone regions, homeowners’ premiums are projected to rise more than 15% this year, according to Hub International’s 2025
Hurricane season arrives amid homeowners insurance hikes Read More »
Mortgage originations and home equity lending both increased in the second quarter despite elevated interest rates and home prices, according to TransUnion’s Q2 2025 Credit Industry Insights Report. Originations rose 5.1% year over year, driven largely by a rebound in refinancing. Rate-and-term refinances climbed 44% and cash-out refinances increased 15%. Home equity originations posted their
TransUnion: Mortgage, home equity lending grow despite high rates Read More »
New Western and PadSplit have entered a partnership aimed at increasing affordable co-living housing, effective last week. New Western cofounder and President Kurt Carlton told HousingWire the collaboration will allow investors to access PadSplit’s model for converting single-family homes into shared living spaces — while leveraging New Western’s large property inventory. “(PadSplit) will help you
New Western president speaks on PadSplit partnership Read More »
If you’ve been skipping over newly built homes in your search, you might be doing so based on outdated assumptions. Let’s clear up a few of the most common myths, so you don’t miss out on a solid opportunity. Myth 1: New Homes Are More Expensive It’s easy to assume a new build will cost
Are These Myths About Buying a Newly Built Home Holding You Back? Read More »
The price gap between new and existing homes fell to a record low in the second quarter of 2025 — making newly built properties a more affordable option for many buyers, according to Realtor.com’s quarterly new construction report released Thursday. The nationwide premium for new homes dropped to 7.8% as builders held prices steady while
Realtor.com: Price premium for new homes sinks to all-time low Read More »
Americans are still drawn to major cities — despite rising living costs and urban congestion. U.S. News & World Report’s 2025 migration trends report shows the popularity of migration pathways such as New York City to Los Angeles, San Francisco to Austin, Texas, and Charlotte to Chicago — highlighting persistent interest in urban living, despite
Migration 2025: Where Americans are moving to — and why Read More »
AGENTS: Did you know you can share a personalized version of this post? Learn more! For Buyers, Infographics, Mortgage Rates, New Construction, Affordability, Buying Tips Some Highlights Prices, rates, and finding the right home are three of the biggest challenges for buyers today. You may find better luck with all 3 if you look at
3 Advantages of Buying a Newly Built Home Today Read More »