A new data analysis by the National Association of Realtors (NAR) has determined affordable homeownership is still an elusive commodity for too many Americans. The new NAR study found households earning $75,000 a year can only afford 21.2% of home listings as of...
Mortgage rates were on the rise in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.81% as of May 15, up from last week when it averaged 6.76%. A year ago at this time, it averaged 7.02%. The...
Builder confidence took a sizable stumble this month amid concerns of tariffs, interest rates and an uncertain economic outlook. However, the National Association of Home Builders (NAHB) stressed that its Housing Market Index (HMI) data was culled prior to the May 12...
More properties are coming on the market than being sold, according to a new data report from Zillow (NASDAQ: Z, ZG). During April, Zillow found the quantity of new listings were up 9.8% from March and up 7.6% from one year earlier, outpacing sales nationwide. New...
A total of 36,033 residential properties had foreclosure filings during April, up by a slight 0.4% from the prior month and up by a more substantial 13.9% from one year ago. According to data from ATTOM, one in every 3,950 housing units had a foreclosure filing in...
Starwood Real Estate Income Trust Inc. (SREIT), a non-listed REIT managed by Starwood Capital Group, has hired Nora Creedon as its new CEO, effective July 28. She will succeed Sean Harris who is stepping down to pursue other opportunities. Creedon joins SREIT after 18...
