Washington D.C. Real Estate News
Washington D.C.
Black Homeownership Rates in U.S. Enjoy Largest Annual Increase of All Racial Groups
The National Association of Realtors' 2025 Snapshot of Race and Home Buying in America reports that Black homeownership in the U.S. saw the highest year-over-year increase among racial groups in 2023.
If U.S. Congress Does Not Extend NFIP Soon, Thousands of Daily Home Closings Impacted
America's National Flood Insurance Program (NFIP) is authorized to operate until 11:59 p.m. on March 14, 2025. To prevent a lapse in the program, Senator John Kennedy introduced a bill (S.824) on March 4, 2025, aiming to extend the NFIP's authorization.
U.S. Mortgage Applications Spike 11 Percent in Early March
According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending March 7, 2025, U.S. mortgage applications saw an 11.2% increase compared to the previous week.
U.S. Mortgage Rates Drop to 4 Month Low in March
Based on new data from Freddie Mac's latest Primary Mortgage Market Survey, the U.S. 30-year fixed-rate mortgage (FRM) averaged 6.63% as of March 6, 2025.
Washington D.C. Property News
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