Mortgage rates continued to trend down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.85% as of Feb. 20, down from last week when it averaged 6.87%. A year ago at this time, it averaged...
Roughly 1.4 million residential properties were vacant in the first quarter of this year, according to new data from ATTOM. This represents 1.3% of the homes across the nation – the same as in the fourth quarter of last year and up slightly from one year ago. ATTOM...
A new data study from Zillow (NASDAQ: Z, ZG) found 62% of Black homebuyers purchased their first home in 2024, just slightly below the record 63% level in 2023. In comparison, overall, first-time buyers made up just 44% of the market, down from 50% in 2023. Zillow...
January saw a month-over-month spike in new listings, up 53.7% over December, although on a year-over-year measurement the level was down by a scant 0.1%, according to the latest national housing report from RE/MAX Holdings (NYSE: RMAX). Inventory last month was up 5%...
Hunt Communities announced the groundbreaking of its new master-planned community, Verdancia, in Horizon City, Texas, east of El Paso. According to the company, the 770-acre community will include approximately 2,400 single-family home lots, with homes expected to be...
The retailer Forever 21 is considering bankruptcy and may shutter at least 200 US-based stores as soon as next month. According to a Bloomberg report sourced from unnamed “people with knowledge of the matter,” the chain’s US operator, F21 OpCo, is seeking a buyer for...
