The U.S. median home listing price was down by 0.9% year-over-year, according to data from Realtor.com. This marked the first yearly decline since 2017, when Realtor.com began to track this data. In June, the U.S. median list price was $445,000, up from $441,000 in...
The Federal Housing Administration (FHA) published a Mortgagee Letter that increases the threshold at which a multifamily loan is considered a large loan from $75 million to $120 million. This marked the first increase in the multifamily loan threshold since 2014. The...
DwellWell, a Los Angeles-based homebuying platform, has introduced a rebate program that is being promoted as “a solution for cash-strapped homebuyers.” According to the company, if buyers use an agent from DwellWell’s network to purchase a property, DwellWell’s agent...
eXp Realty, the Bellingham, Washington-based subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), has introduced Boost program to financially incentivize qualifying independent teams and brokerages to join its network. According to the company, the program will...
Pending home sales were an increasingly elusive concept in May, according to new data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings – was down...
Wayne C. Thompson, a real estate executive who became a prominent evangelical pastor, passed away at the age of 84. Thompson was born in Atlanta and was educated locally at Oglethorpe Elementary, Booker T. Washington High School, Morehouse College and Georgia State...
Hits and Misses for the Real Estate Week of Aug. 24-28
