Last month’s median U.S. home price fell 3.3% year-over-year to $400,528, the largest year-over-year drop since 2012, according to new data from Redfin (NASDAQ:RDFN). Redfin noted that much of the decline was fueled by the “pandemic boomtowns and pricey Bay Area...
New York City’s Rockefeller Center will soon have its first hotel – a situation created by a surplus amount of empty offices. The Wall Street Journal reported Aspen Hospitality is planning to renovate 10 floors of vacant office space above the NBC “Today” show studios...
City neighborhoods usually don’t congeal by happenstance – urban planning at various municipal, state and sometimes federal levels bring about changes to the landscape. To understand the right way and wrong way to conduct urban planning, we called on Steven Cornwell,...
Single‐family housing starts were at a rate of 861,000 in March, according to new data from the U.S. Census Bureau and U.S. Department of Housing and Urban Development. The March rate is 2.7% above the revised February figure of 838,000. However, privately‐owned...
Two new data reports from the Mortgage Bankers Association (MBA) show a rise in new home purchase mortgage applications and a decline in the number of home loans in forbearance. The MBA Builder Application Survey data for March reported a 0.6% year-over-year increase...
Middle-income homeowners accumulated $122,100 in wealth as their homes appreciated by 68% over the last 10 years, according to new data from the National Association of Realtors (NAR). However, the gains of the past decade varied across the country. NAR’s data...
Keller Williams Acquires 1,200-Agent Jason Mitchell Group
