Source: Wall Street Journal — It’s 9 a.m. on an April Sunday, and Eric Smith is drinking tea, looking out over the city of Los Angeles from the balcony of his two-level, midcentury modern in a tree-filled, mountainous neighborhood called Hollywoodland—just a...
Source: Redfin — An influx of people moving into Phoenix, Tampa and Atlanta has led to rapidly rising home prices, one contributor to outsized inflation in those areas. Those Sun Belt metros are still relatively affordable, but scores of new residents and high...
Source: CNBC — It’s becoming harder to afford a home. Prices are up almost 20% year over year, and mortgage rates are soaring. The rate for a 30-year fixed loan is now 5.57%, according to Mortgage News Daily, up from 3.29% at the start of the year. At the same...
Source: CNBC — Bank regulators on Thursday proposed the first sweeping changes in more than 25 years to a controversial law aimed at increasing lending to low- and moderate-income communities. The changes would tailor the Community Reinvestment Act’s approach...
Source: Apartment Therapy — For about five months, my family has been preparing for an interstate move. Having such a long time to plan for it has bred restlessness, for sure. I’ve had plenty of time not only to organize before packing, but to declutter our...
Source: Point2 — The end of March marked the beginning of a new era in home prices: After a whopping 26.5% year-over-year jump, the median listing price landed at $405,000. Also on the rise is the average square footage of new single-family homes. According to...
Hits and Misses for the Real Estate Week of April 27-May 1
