The housing market recorded its first month-over-month decline in the median sales price this year, according to data published by RE/MAX LLC, a subsidiary of RE/MAX Holdings (NYSE: RMAX). Across the 51 metro areas surveyed for its report, RE/MAX found the median...
Republican lawmakers in the House of Representatives have raised concern over a proposed rule by the Consumer Financial Protection Bureau (CFPB) that would remove medical bills from consumer credit reports. In a letter to CFPB Director Rohit Chopra, the lawmakers led...
During 2023, 2,520 multifamily lenders provided a combined total of $246.2 billion in new mortgages for apartment buildings with five or more units during 2023, according to data from the Mortgage Bankers Association (MBA). This represents a 49% decline from 2022...
Million-dollar homes have become more commonplace than ever before, as new data from Redfin (NASDAQ:RDFN) determined nearly one in 10 (8.5%) homes are worth $1 million or more, a record high. The current figure is up 7.6% year-over-year and more than double the 4%...
Single-family housing starts in July were at a rate of 851,000, according to new data from the U.S. Census Bureau and the Department of Housing and Urban Development. This marked a 14.1% drop from the revised June figure of 991,000. Privately-owned housing starts in...
July housing starts in Canada totaled 279,509 units on a seasonally adjusted annualized rate (SAAR), up 16% from June’s total of 241,643, according to Canada Mortgage and Housing Corporation (CMHC). July’s activity was the highest since June 2023, when they exceeded...
Hits and Misses for the Real Estate Week of May 4-8
