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Foreclosure Starts Grow Again in the U.S.

Foreclosure Starts Grow Again in the U.S.

by Third Party | Jun 20, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: The World Property Journal —  Based on ATTOM’s May 2021 U.S. Foreclosure Market Report, there were a total of 10,821 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 8 percent...
Virtual real estate plot sells for close to $1 million

Virtual real estate plot sells for close to $1 million

by Third Party | Jun 19, 2021 | Industry Updates, News/Current Events, Real Estate News

Source:KFGO —  A patch of virtual land in the blockchain-based online world Decentraland sold for more than $900,000 on Thursday, in a record purchase for the platform, the Decentraland Foundation said. In Decentraland, ownership of virtual land is bought and...
Henderson home breaks 2021 record with $14.69M price tag

Henderson home breaks 2021 record with $14.69M price tag

by Third Party | Jun 19, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: Review Journal —  A Henderson estate dubbed the house of water and located in the exclusive hillside community of Ascaya closed Thursday for $14.69 million, making it the highest price paid for a single-family home in 2021 and third-highest price ever...
More than half of homes sold above asking price in May

More than half of homes sold above asking price in May

by Third Party | Jun 18, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: Housing Wire —  Median home-sale prices hit yet another record high in May — up to $377,200, a 26% increase year over year. And 54% of homes sold above their asking price in May — another record high, up from 26% a year ago, according to a new report...
Mortgage rates shoot higher after Fed Chairman Powell’s comments

Mortgage rates shoot higher after Fed Chairman Powell’s comments

by Third Party | Jun 18, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: CNBC —  The average rate on the popular 30-year fixed mortgage moved decidedly higher Thursday, hitting 3.25%, according to Mortgage News Daily. That is the highest rate since mid-April. The move was a reaction to comments made Wednesday by Federal...
Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers

Lumber Prices Are Falling Fast, Turning Hoarders Into Sellers

by Third Party | Jun 18, 2021 | Industry Updates, News/Current Events, Real Estate News

Source: The Wall Street Journal —  Lumber prices are falling back to Earth. Futures for July delivery ended Tuesday at $1,009.90 per thousand board feet, down 41% from the record of $1,711.20 reached in early May. Futures have declined 14 of the past 16 trading...
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