The monthly housing payment for the typical starter home that sold in July was $1,981, up 4.4% from one year earlier, according to a new data report from Redfin (NASDAQ: RDFN). To afford a typical starter home, buyers must earn $79,252 annually, also up 4.4%...
A total of 1.62 million residential mortgages were issued during the second quarter, according to new data from ATTOM. This represents a 23.2% increase from the first quarter but a 1.6% drop from the second quarter of 2023. Purchase loan activity was up by 32.7%...
Calque, an Austin-headquartered fintech, has debuted the Contingency Buster, its newest “buy before you sell” program. According to the company, the Contingency Buster is designed for homeowners who want to quickly remove home sale contingencies and debt-to-income...
The Society of Industrial and Office Realtors (SIOR) Foundation has awarded a $22,000 grant to Kyiv School of Development, a Ukrainian school for professional real estate development. The grant will be used to provide free training for at least 100 reconstruction...
Allstate has been approved for the largest rate increase in California of any major insurer in the past three years. California’s Department of Insurance has approved Allstate’s request to jack up its home insurance rates by an average of 34.1% for its approximately...
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued two rules designed to safeguard the residential real estate and investment adviser sectors from money laundering. The final residential real estate rule will require certain...
Hits and Misses for the Real Estate Week of June 15-19
