Five federal regulatory agencies have requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions. “The proposed guidance advises on policies that financial institutions may implement to allow...
The average renter in 11 major U.S. markets needs to earn a six-figure annual salary in order to avoid being considered as rent burdened. Consumers are considered rent-burdened if they spend 30% or more of their incomes on rent. To avoid being rent-burdened, the...
Kyle Busch has generated a NASCAR career full of triumphs, and now he is seeking to expand his winning streak to real estate with the listing of his Denver, North Carolina-based mansion for $12.99 million. Busch’s 1.38-acre lakefront property features a...
New listings have become the housing market’s equivalent of an endangered species, as data report from Redfin (NASDAQ:RDFN) has determined new listings were down 25% year-over-year as of the four weeks ending June 4 – the lowest level of any early June on record....
U.S. homeowners with mortgages saw their home equity decline by 0.7% year-over-year during the first quarter of the year, according to new data from CoreLogic. This represented a collective loss of $108.4 billion and an average loss of $5,400 per borrower from one...
Middle-income homebuyers can only afford less than one-quarter (23%) of properties currently being listed, according to new data from the National Association of Realtors (NAR). Working under the definition of a middle-income buyer as a household earning up to...
Hits and Misses for the Real Estate Week of Aug. 24-28
